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

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

• Probability of Fed Cutting Interest Rates in December Exceeds 80%
• “Tap to Earn” Trend on Telegram Loses Steam Despite Active Market
• Binance Announces Listing of Movement (MOVE) – the Third Project on Airdrops Portal
• Binance Announces Listing of Magic Eden (ME) as a Seed Tag
• Microsoft Refuses to Buy Bitcoin as Reserve Asset
• Google Will Launch AI Agents in Gemini 2.0
• Binance Announces Listing of Velodrome Finance
• Grayscale Establishes Investment Fund for Lido and Optimism

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.