What happened to the USA market? The Dow has fallen for seven consecutive days, and US Treasury bonds have declined for five straight days, yet Bitcoin keeps rising joyfully!
① As of Sunday, Bitcoin has risen for seven consecutive weeks, marking the longest upward trend since 2021; ② However, if you look at the traditional stock and bond markets, you may find that compared to the situation at the beginning of the election, the field of Cryptos like Bitcoin has gradually become a "beautiful landscape" recently; ③ The Dow has currently faced seven consecutive days of declines, while US Treasuries experienced five consecutive weeks of losses last week.
Daily Digital Currency Update Summary (2024-12-16)
After USA Senator Lummis proposed the acquisition of 5% of the Bitcoin supply by the USA government, Ben Simpson, founder and CEO of Collective Shift, analyzed that if the Global Strategy Bitcoin reserve is approved, the market is expected to become unstable, with Bitcoin likely to rise and then possibly decline.
Express News | Hong Kong stocks' Cryptos ETF opened high, FA Southern Bitcoin rose over 5%, Huaxia Bitcoin and FA Samsung Bitcoin rose over 4%,嘉实 Bitcoin rose nearly 4%, and Bosera Bitcoin rose over 3%.
Bitcoin has surged! Is the Retirement fund also taking action? A large Australian Retirement fund has rarely allocated Bitcoin.
① AMP Ltd, an Australian retirement and wealth management company, has invested 27 million Australian Dollars in Bitcoin, becoming the country's first large retirement fund to buy Bitcoin. ② The Chief Investment Officer of AMP stated that Bitcoin was purchased in May at a price of 0.06 million to 0.07 million USD, which is part of AMP's Global Strategy for diversification.
Annual review | In 2024, the crypto world will welcome a highlight moment! Bitcoin accelerates towards breaking through the 0.1 million dollar mark, with Trump as a catalyst for explosive growth?
Bitcoin has welcomed multiple historic moments, including the Bitcoin spot ETF, Bitcoin halving, the launch of Bitcoin spot ETF Options, the arrival of the USA's first 'Crypto President', and the 'AI and Crypto Emperor', as well as a historic breakthrough of surpassing 0.1 million dollars.
The Hong Kong Financial Services and the Treasury Bureau plans to conduct a public consultation next year on the licensing system for OTC and custodial service providers of virtual assets.
The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Chan Ho-Lam, stated that there are plans to conduct public consultations next year regarding the licensing system for OTC and custodial service providers of virtual assets, to promote the sustainable development of different sectors in the virtual asset market.