Let's turn our attention to today's overall Crypto market situation.
As of 11:58 PM on December 18, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.65 trillion US dollars, witnessing a decrease of 7.32% compared to yesterday; the total trading volume is 318.41 billion US dollars, marking an increase of 19.3% from the previous day.
According to sosovalue, the price of $BTC is 100,090 USD, a decrease of 5.61% from yesterday. The market cap of $BTC is 1.98 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 112.50 billion USD, making up 35.3% of the total trading volume.
The price of $ETH is 3,620 USD, down 6.75% from yesterday; the market cap of $ETH is 436.04 billion USD, representing 11.9% of the total market cap; $ETH's 24-hour trading volume is 50.19 billion USD, comprising 15.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.1% of the total trading volume.
According to sosovalue, all 16 sectors are down today. Notably, the following sectors are worth mentioning:
The Meme sector has fallen by 9.25% relative to the UTC 0 time, led by declines in opus (-33.9%), URO (-24.5%), and popcat (-20%).
The PayFi sector has decreased by 9.58% relative to UTC 0, with kasta (-18.3%), pip (-15.8%), and xno (-15.3%) leading the drop.
The DePIN sector has fallen by 9.72%, with blz (-47.4%), ncdt (-22.6%), and shdw (-18.6%) leading the decline.
QCP analysis indicates that the Federal Reserve will hold its last meeting of 2024 tonight, with expectations of a 25 basis point rate cut during this meeting, as well as the release of the final dot plot for the year. We anticipate that tonight's statement and dot plot will be slightly hawkish, reflecting the stability of U.S. inflation above the Fed's 2% target and a strong labor market. The statement may not make a clear commitment to the rate cut path for 2025 but will emphasize the difficulties of accelerating rate cuts. Meanwhile, the dot plot is expected to reveal plans for three rate cuts in 2025.
According to Wu, the Federal Reserve announced the interest rate decision (upper limit) at 4.50%, with expectations also at 4.50%, and the previous value was 4.75%.
According to TechCrunch, Avara, the development company behind Aave, Lens, and Family, has completed a $31 million financing round, led by Lightspeed Faction, with participation from Alchemy, Circle, Consensys, and others. With Lens, Avara is building a decentralized protocol that serves as infrastructure for social and consumer applications. The Lens v3 version is scheduled to launch on the mainnet in the first quarter of 2025.
Odaily Planet Daily News According to on-chain data analyst Yu Jin, another 2 addresses have transferred 21.92 million BLZ (approximately 1.99 million USD) into Binance through the same recharge address previously used. In the last hour, the total amount of BLZ transferred into Binance by this whale/institution has reached 178.40 million (approximately 17.88 million USD), accounting for 36% of the total BLZ supply. Previously reported, possibly influenced by Binance's announcement today to delist BLZ, a certain BLZ whale/institution address transferred 156.50 million BLZ (approximately 15.89 million USD) into Binance in the past half hour, which accounts for 31% of the total BLZ supply (total supply 500 million).