Announcements Gate Research: BTC and ETH Continue Strong Performance, PENGU Token Officially Launched for Trading

Gate Research: BTC and ETH Continue Strong Performance, PENGU Token Officially Launched for Trading

2024-12-17 13:47:17 UTC 20287 Read

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Gate Research Daily Report: BTC and ETH continue to show strong momentum, with prices repeatedly hitting new highs. Yesterday, a total of $371 million was liquidated, primarily from long positions. GAMESTOP saw a nearly 200% increase in a single day, leading the altcoin sector. Bitcoin, Ethereum, and Hyperliquid ranked in the top three for TVL (Total Value Locked) growth among major blockchains over the past 7 days, with increases of $3.09 billion, $2.22 billion, and $1.87 billion, respectively. MicroStrategy continues its Bitcoin acquisition strategy, adding 15,350 BTC last week. Ripple is scheduled to launch its USD stablecoin, RLUSD, on December 17. The user-generated content-driven open platform Nifty Island has launched an airdrop subscription event.

![](https://gimg2.gateimg.com/image/article/1734450288en.png)

**Market Analysis**: BTC and ETH continue to show strong momentum, with current prices of $106,050.5 and $3,985.94, respectively, both hitting new all-time highs.
**Top Performers**: The hottest altcoins in the past 24 hours are GAMESTOP, VANA, and TMAI, which have increased by 197.9%, 45.55%, and 160.2%, respectively.
**Data Highlights**: Over the past 7 days, HyperLiquid's TVL has seen rapid growth, with capital inflows only trailing behind Bitcoin and Ethereum.
**Spotlight Analysis**: MicroStrategy continues to accumulate Bitcoin, purchasing 15,350 BTC last week.
**Market Opportunities**: Nifty Island, a user-generated content-driven open gaming platform, has launched an airdrop subscription.

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December 17th, 2024

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