Daily News | BTC Rose First and Then Fell, and the AI Agent Sector Continued to Rise
Crypto Daily Digest: Bitcoin and Ethereum rose first and then fell last night, spot ETFs showed net outflows, and the AI Agent sector continued to rise strongly
According to Lookonchain monitoring, on December 31, ten U.S. Bitcoin ETFs had a net outflow of 2,736 BTC ($259.51 million), and nine Ethereum ETFs had a net outflow of 7,360 ETH ($25.01 million). Corresponding to the outflow of ETF funds, the prices of Bitcoin and Ethereum first rose and then fell. Despite this, the AI Agent sector, dominated by Virtuals Protocol, still maintained a stable general upward trend.
The probability of the Fed keeping interest rates unchanged in January is 88.8%
According to CME’s “Fed Watch,” the probability of the Fed keeping interest rates unchanged in January is 88.8%, and the probability of cutting interest rates by 25 basis points is 11.2%. At the same time, the U.S. 10-year benchmark Treasury bond yield rose 3.63 basis points to 4.5690%, with a cumulative increase of 68.99 basis points in 2024, with an overall range of 3.5952%-4.7351%.
The three major U.S. stock indexes collectively closed down, with the Nasdaq and S&P 500 averaging at least a cumulative gain of over 23% in 2024
U.S. stocks opened higher and moved lower, with the three major indexes collectively closing lower. The Nasdaq fell 0.9% and rose 28.64% in 2024; the S&P 500 fell 0.43% and rose 23.31% in 2024; the Dow fell 0.07% and rose 12.88% in 2024.
Report: Crypto Industry Venture Capital to Grow to $13.6 Billion in 2024, Expected to Reach $18 Billion in 2025
According to the DeFi report, blockchain startups received $13.6 billion in venture capital investment in 2024, accounting for 4.9% of the total investment of $279 billion for the year. That’s up from the $10.1 billion raised in 2023, but still well below 2021’s record of $32.4 billion.
Switzerland launched referendum review process to include Bitcoin in constitutional
According to Bitcoin Magazine, the Swiss federal government has officially begun reviewing a referendum proposal titled “Building a Financially Strong, Sovereignly Independent and Responsible Switzerland (Bitcoin Initiative)”, which aims to incorporate Bitcoin into Switzerland through a constitutional amendment. National financial .
Sonic SVM announced token economics: 2.4 billion in total, 57% allocated to the community
According to official news, Sonic SVM, the first SVM blockchain on Solana, announced the token economics of its native token SONIC. The total supply of SONIC is 2.4 billion. TGE is scheduled for January 7, 2025, with the initial circulation accounting for 15% of the total.
Market Trends: BTC is in fierce competition for long and short positions around $93,000, and the AI sector continues to rise
Market Hotspots
-The Altcoin sector followed the rise and fall of BTC, but the AI, Meme, and NFT sectors led the gains.
-Impacted by the news of “Musk changed pepe’s avatar”, PEPE rose briefly; in addition, affected by Musk’s change of X’s nickname to Kekius Maximus, the Meme coins KEKIUS and Kekius M (KM) on the Solana chain rose sharply in the short term, and Gate. io has listed the coin.
-Virtuals Protocol eco tokens continue to rise, leading the crypto market in the past seven days. VIRTUAL and G.A.M.E. currency prices have reached new highs. In addition, AIXBT, LUNA, and CONVO have also maintained an upward trend.
Mainstream Coins
-BTC experienced a positive upward trend in 2024, surpassing the $100,000 mark during the year and hitting a full-year high of $108,364, before being constrained by continued selling pressure due to weak liquidity. But overall, Bitcoin’s “halving”, the approval of Bitcoin and Ethereum spot ETFs in the United States, and Trump’s victory have driven the market value of Bitcoin to soar, with a full-year increase of 125.32%, showing its strong market attractiveness and investor confidence.
-ETH showed an “N” trend throughout the year, with a year-end quotation of $3,404, an annual increase of 48.57%. Although ETH has been weaker than BTC throughout the year, BlackRock’s ETH ETF has accumulated net inflows of up to $3.5 billion in 2024. Recently, many institutions have been optimistic about ETH’s performance in 2025.
-The Altcoin sector will perform well in 2024. Especially when the BTC price fell recently, the AI Agent and AI Meme sectors have strong resilience, highlighting the investment trend of market diversification.
Macro: Fed rate cut expectations shrink, market uncertainty risks increase
In the past year, gold closed up sharply by 27%, and the U.S. dollar index rose by nearly 8% for the whole year, the best annual performance since 2015. Especially after the Federal Reserve started its easing path in September 2024, U.S. stocks rose sharply and hit record highs. Tech giants riding the AI boom are doing well.
However, there are still risks in the U.S. stock market, including the new Trump administration’s aggressive stance on tariffs and the Fed’s hawkish attitude due to resurgent inflation data, which will lead to increased risks of market uncertainty in the future.
In the new year, the global economic and financial environment is facing new changes, including Trump’s inauguration and renewed concerns about inflation. The Federal Reserve needs to balance the response to inflationary pressure and the potential impact of Trump’s policies. Markets are pricing in just two rate cuts from the Fed over the next 12 months. At the same time, new voters will take turns on the Federal Reserve’s interest rate setting committee, and inflation concerns will inject new complexity into decision-making.
Related to the crypto market, the overall market sentiment at the end of the year became cautious, liquidity showed insufficient, and crypto prices fell back. We still need to pay close attention to market dynamics and policy changes.
