US investors purchase over $6.4 billion in Bitcoin spot ETFs
Data shows that in November, US investors invested over $6.4 billion in Bitcoin spot ETFs, with BlackRock's iShares Bitcoin Trust ETF attracting $5.6 billion in funds. During this period, the price of Bitcoin rose as high as 45%, breaking through the $99,000 mark. The Crypto Fear and Greed Index reached a new annual high of 92, reflecting the strong bullish sentiment in the market.
Nearly 75% of Bitcoin is considered illiquid supply
On December 2, Bitwise's Head of European Research, André Dragosch, stated that the illiquid supply of Bitcoin has reached a new high, with nearly 75% of the supply now considered illiquid tokens. Furthermore, the remaining Bitcoin on exchanges is less than 14%, further exacerbating the scarcity of its supply.
Global Non-Fungible Token market cap reaches $8.791 billion, daily trading volume grows 46.5%
On December 2, CoinGecko reported that the global Non-Fungible Token market cap has reached $8.791 billion, up 17% in 24 hours, with a daily trading volume of around $59.07 million, an increase of 46.5% compared to the previous period.
Stablecoins and fiat currency trading pairs drive the growth of Altcoin trading volume
CryptoQuant CEO Ki Young Ju stated that the current Altcoin season is no longer characterized by the rotation of Bitcoin assets. Instead, the growth in trading volume is driven by the combination of stablecoins and fiat currency trading pairs, indicating that the crypto market is experiencing genuine growth, rather than just a shift of assets from the Bitcoin market to other sectors.
MicroStrategy purchases an additional 15,400 BTC, increasing its total holdings to 132,500 BTC
MicroStrategy co-founder Michael Saylor announced that the company has invested $15 million to purchase 15,400 BTC at an average price of $95,976 per BTC. This investment has a quarterly return of approximately 38.7% and an annual return of approximately 63.3%, reflecting the strong performance of the company's Bitcoin strategy.
South Korea expands the scope of its investigation into crypto market price manipulation to include individual investors
Six months after the implementation of the Virtual Asset User Protection Act in South Korea, the Financial Services Commission (FSS) has expanded the scope of its price manipulation investigation to include individual investors. A recent case shows that an investor was identified as potentially manipulating prices due to frequent short-term trading on a major exchange, leading to an FSS investigation.
