Crypto Weekly (09/12 - 15/12): Bitcoin Continues to Set New ATH After Major Liquidation

Table of Contents

1. Crypto Market Last Week

After Bitcoin officially crossed the $100,000 mark the previous week, last week saw the largest liquidation event since 2021. After hitting an all-time high (ATH) of $104,200, Bitcoin plummeted to $94,000, leading to liquidations totaling over $1.7 billion. However, following this unexpected drop, the market rebounded quickly. Bitcoin not only regained its upward momentum but also surpassed $104,200 to set a new ATH of $106,000.

Top 10 Gainers of the Week

Top 10 Losers of the Week

Notable News

2. Crypto Market This Week

Token Unlock Schedule

This week, the market will face token unlock events worth up to $257 million from several notable projects:

$ARB (2.26%): $96.26 million
$ID (18.23%): $43.35 million
$ADA (0.10%): $41.5 million
$APE (2.16%): $25.27 million
$ENA (0.44%): $13.47 million
$PIXEL (7.05%): $13.21 million
$PRIME (1.46%): $11.24 million

Macroeconomic News

In addition, next week will feature several key events to watch:

Wednesday (18/12/2024), 7:00 PM: The Fed’s interest rate decision. This is always a crucial market-moving event. If the rate is higher than forecasted, it is positive for the USD, and vice versa.
Thursday (19/12/2024), 8:30 PM: Jobless claims report. If the actual numbers are higher than expected, it will be viewed as negative for the USD, and vice versa.