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Market dynamics on December 3: BTC slightly fell, the US government plans to sell 2 billion USD worth of BTC; Trump threatens to impose a 100% tax on countries using non-US dollars

Market dynamics on December 3: BTC slightly fell, the US government plans to sell 2 billion USD worth of BTC; Trump threatens to impose a 100% tax on countries using non-US dollars

Bitget2024/12/03 02:46

I. Market Dynamics

1. BTC slightly declines, with BTC dominance adjusting at the monthly level. The U.S government plans to sell 2 billion USD worth of BTC.

2. U.S stocks rise. The dollar strengthens as Trump threatens to impose a 100% tariff on countries not using the dollar.

II. Market Focus

1. Old coins such as XRP, HBAR, XVC, ZEC, IOTA and others surge dramatically. Institutions apply for an XRP ETF; HBAR collaborates with XRP. If the market value of XRP increases by another 60%, it can surpass ETH to become second.

2. LINK from the ETH series soars significantly . LINK is DEFI's oracle; recently those that have surged are old coins from 2017.

3. The animal MEME’s MOODENG and PNUT increase in value. Hippo MOODENG launches on American CEX; previously PNUT was also retweeted by CEX. Recently, the wealth effect created by American CEX has been strong; this bull market speculation funds mainly come from America.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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