Daily News | BTC Dominance Fell 1.5% Within the Day, Capital Outflow Stimulated Altcoin Market

2024-12-24, 03:44

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## Crypto Daily Digest: BTC ETFs experienced significant outflows for three consecutive days, with a probability of less than 10% for the Fed to cut interest rates in January
According to Farside Investors data, yesterday’s net outflow from the US <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETF was  $258 million. Fidelity FBTC had a net outflow of $146 million, Ark ARKB had an outflow of $15.7 million, and BlackRock IBIT data has not been updated yet.

Yesterday, the net inflow of US <a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF was $41.3 million. The inflow of Fidelity FETH was $46.4 million, the outflow of Grayscale ETHE was $6.1 million, and the data of BlackRock ETHA has not been updated yet.

**Santiment： When retail investors sell due to panic, whales and large investors' low-priced fundraising will trigger a price rebound**

<a href="/uk/price" target="_blank" class="blog_inner_link">Crypto market</a> research firm Santiment posted on social media that the crypto market has further rebounded this week, causing panic among retail investors. Especially Bitcoin and Ethereum have been subjected to a large amount of panic selling by new traders who have just entered the market in the past 2-3 months.

These new traders have not experienced a moderate adjustment before, and they feel panic about the unfamiliar foreign market environment. From a historical perspective, when retail investors start selling due to panic and emotions, whales and large investors usually seize the opportunity to buy more coins with less resistance, thereby triggering a price rebound. This rebound may not happen immediately, but market conditions are moving in the right direction.

**Skely launched AI agent pre-sale experiment aiPool, raising over $6 million in funding**

Skely launched a radical new experiment called aiPool on AI agent autonomy and pre-sale mechanism, aimed at making AI managed pre-sales safer, preventing users from being "picked like leeks", and making the entire process more transparent. Over 30,000 SOLs worth over $6 million have been deposited in its pre-sale address.

**CME Fed Observation: The probability of the Fed cutting interest rates by 25 basis points in January next year is 8.6%**

According to CME's "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 8.6%, and the probability of remaining unchanged is 91.4%.

## Market Trends: ZEN doubled its price within three days, while VIRTUAL surged by over 30%
### Market Hotspots
ZEN has surged by 30%, with a market cap of $600 million and a monthly increase of over 150% since December; In the middle of this month, Grayscale announced the launch of ZEN Trust Fund, which allows qualified investors to invest in ZEN tokens without directly purchasing or managing them. Currently, the size of the trust fund has exceeded $30 million;

The AI sector tokens such as VIRTUAL, GOAT and AIXBT rose significantly, with VIRTUAL leading the way with a 35% intraday increase; VIRTUAL is an AI project on the Base chain, with a current circulating market cap of $3 billion, ranking 45th in the entire market;

The KOMA of the Meme sector continues to rise, with prices more than 50 times higher than when it was launched in October; KOMA is a dog-themed meme coin on <a href="/uk/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a> Chain, with a current circulating market cap of $120 million.

### Mainstream Coins
BTC is still trading sideways around $94,000, BTCD has dropped 1.5% in one day, and funds have flowed into Altcoins. In addition, BTC ETFs continue to <a href="/uk/price/flow-flow" target="_blank" class="blog_inner_link">flow</a> out, and funds are flowing back as the US Christmas holiday approaches;

ETH showed relatively strong performance, gaining support around $3,400 and serving as a barometer for the Altcoin market;

Altcoins generally rose, with the AI sector benefiting the most.

## Macro News: The three major US stock indices collectively closed higher, and the US stock market will be closed for the Christmas holiday
The three major US stock indices collectively closed higher, with the S&P 500 index rising 0.73% to 5,974.07 points; The Dow Jones Industrial Average rose 0.16% to 42,906.95 points; The Nasdaq index rose 0.98% to 19,764.88 points. The 2-year Treasury yield, which is most sensitive to the Federal Reserve's policy rate, is 4.33%.

This Wednesday (December 25) is the Christmas holiday in the United States, and the US financial markets are closed on that day. The New York Stock Exchange will close early at 1pm Eastern Time on Tuesday, and trading is expected to be relatively sluggish this week.

The Fed announced on Monday that Wall Street banks will have the opportunity to express their opinions on a series of adjustments to the Fed's annual banking stress test. The Fed stated that it will solicit public opinion on the model used to determine the assumed losses and revenues of banks under stress conditions. The reform proposal also includes averaging the results of two years of testing to reduce the annual changes in capital requirements caused by stress testing.

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<div>Author:**Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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