FameEX Morning Crypto News Recap | December 6, 2024

Trump hails 'Bitcoin holders' for hitting $100,000 milestone

According to market news, Trump congratulated "Bitcoiners" for achieving the significant milestone of reaching $100,000.

Bitcoin's Market Capitalization Surpasses That of Saudi Aramco

8marketcap data shows Bitcoin's market cap at around $2.045 trillion, surpassing Saudi Aramco's $1.796 trillion, ranking Bitcoin as the 7th largest market capitalization globally.

Bitcoin Funding Rate Exceeds 100% Annualized, FGI Hits 84, Indicating Extreme Greed

SoSoValue data shows Bitcoin’s funding rate briefly exceeded 100% annualized but has dropped to 79.33%. Meanwhile, the Fear and Greed Index (FGI) reached 84, indicating an extremely greedy market sentiment.

Crypto Investors Believe Bull Market is Just Starting, with Retail Participation Still Low

At the Emergence conference in Prague, cryptocurrency investors agreed that the current bull market is still in its early stages, with low retail participation compared to 2021. Venture capital firms are particularly interested in artificial intelligence agents, viewing them as a key trend, akin to DeFi and proof-of-stake blockchains.

Financial Times Addresses Its Continued Skepticism Towards Cryptocurrencies

The Financial Times recently reflected on its longstanding skepticism towards cryptocurrencies, particularly Bitcoin, highlighting inefficiencies in payment and value storage. Despite Bitcoin’s recent surge past $100,000, some commentators argue that the media should apologize for its critical stance over the past 14 years.

Survey Finds 49% of Respondents Intend to Wait for Bitcoin Prices to Fall Before Buying at the Bottom

Matthew Sigel, head of digital asset research at VanEck, revealed a survey where 49% of respondents plan to wait for Bitcoin prices to fall before buying. Meanwhile, 46% are awaiting regulatory clarity, 24% support a U.S. Bitcoin reserve, and 9% cannot foresee purchasing Bitcoin.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​