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This cycle has exhibited some qualities from both the 2016 and 2020 halvings and, as a result, may repeat some of their pre-halving price tendencies.
Quick Take Ethena’s USDe stablecoin has crossed the $2 billion supply mark less than two months after its public launch in February.
The outcome of PlanB’s latest analysis differs from his prediction in early February.
SOL, DOGE, AVAX, and LINK are also well in the red from the larger-cap alts.
Friday is here again and that means Bitcoin options expiry day. Crypto markets have had a volatile week, so will today’s expiring batch of contracts add to the momentum?
Crypto researcher Jupiter Zheng believes that the Ether ETF decision may not have a large impact on open interest as the market is not “betting hard on it.”
- 08:53The total Bitcoin contract holdings across the network have fallen below 60 billion US dollars, a drop of 11.89% from its peakAccording to Coinglass data, the total Bitcoin contract holdings across the network have fallen below 60 billion US dollars, currently reported at 59.97 billion US dollars, a decrease of 4.02% in the past 24 hours. Since Trump's victory on November 5th, Bitcoin futures' open contracts have significantly increased from 39 billion US dollars on November 5th to a record high of 68.1 billion US dollars on December 18th, indicating an increase in trading activity and market speculation. Today's contract holdings fell below $60 billion, down by11.89% from its peak.
- 08:00Lark Davis: The current pullback is not the "end of the bull market", there's still plenty of fuel in the marketCrypto KOL and industry analyst Lark Davis believes, based on historical data analysis, that the current crypto market correction is not the "end of the bull market". He stated: "In December 2020, after a 77% increase from October to November, BTC fell by 12%. Subsequently, it rose from $17,000 to $41,000 (an increase of 136%) in the next 23 days. A similar thing has happened now; Bitcoin has fallen by 13% after a significant rise in the fourth quarter. This doesn't mean this is the bottom; we may see another correction of about 10-15%. But there's still plenty of fuel left for Bitcoin and the cryptocurrency market."
- 07:07Swell: Bridge funding exceeds $120 million, mainly flowing in through the Stargate protocolSwell posted on X stating that its bridging funds have exceeded 120 million US dollars, with more capital flowing in. Major assets such as Ethena Labs' USDe, ether.fi's weETH and Swell's rswETH are moving at scale and speed. Most of the funds are transferred through the cross-chain liquidity protocol Stargate (supported by LayerZero technology).
