Daily Report 11 Dec 2024 * Last week, digital asset investment products saw the largest weekly inflows on record at $3.85bn, making the total inflows year-to-date (YTD) reach $41bn and total assets under management (AuM) to a new high of $165bn, compared to prior highs in 2021 which saw inflows of $10.6bn and an
Daily Report 10 Dec 2024 * Bitcoin balances on exchanges have dropped to their lowest in over 4 years * In the past 12 hours, over $1.28bn has been liquidated in the crypto market, with the majority occurring on altcoins. * BTC ($125.48 million liquidated) and ETH ($189.30 million liquidated) represent a smaller share of
Daily Report 9 Dec 2024 * Crypto exchange volumes hit three-year high in November 2024, reaching $2.5 trillion. As of today (9 Dec), the volume for December 2024 is at $1 trillion. * Binance remains the largest centralized exchange (CEX), with its market share at 39.1% in November 2024. Its spot trading volume increased by
Daily Report 6 Dec 2024 * A sudden drop in the price of Bitcoin to $93,000 triggered a significant amount of long position liquidations, wiping out $303.5 million of long positions within the hour. * In the last 24 hours, total liquidations reached $1.04 billion, with over $500 million from Bitcoin alone. “It took
Daily Report 5 Dec 2024 * Bitcoin sets new all time high records with prices above $100,000 as Trump nominates cryptocurrency advocate and former SEC commissioner Paul Atkins, to take over as SEC chairman. * Over $1 billion in recorded daily ETF inflows in early December. * Bitcoin Open Interest on exchanges soars over $65 billion. * BlackRock’
Daily Report 4 Dec 2024 * The US government moved approximately 10,000 Bitcoins, worth around $1.92 billion at current market prices, to two separate wallets on Coinbase Prime. * Possibly signals intention to sell from the current government, but with Trump's upcoming presidency, the Bitcoins might go to into a "strategic Bitcoin
Market Analysis Featured Bitcoin Investment Thesis Bitcoin has revolutionised the 21st-century investment landscape by introducing a decentralized digital currency, a ground-breaking asset in the modern era of investing. There are several reasons to consider the inclusion of Bitcoin in an investment portfolio: * Diversification: Bitcoin has a low correlation to other asset classes, such as stocks, bonds,
