Plus: Elon Musk is now Kekius Maximus, and crypto lost it
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GM. Fireworks? Check. Blockchain confetti? Double check. The Daily Squeeze is here to light up your inbox with crypto sparkle this New Year's Eve!
🥂 Celebrating a year that only crypto could make this entertaining.
🎇 Firework flashes: Elon Musk is now Kekius Maximus, Blockchain Bandit is back in town + more
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🕛 Market countdown today
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| Crypto Market Cap: $3.37T 3.27% (24H) | ||||
| Name | Price | 24H | 7D | |
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Bitcoin BTC | $95,320.19 | 3.92% | -2.29% |
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Ethereum ETH | $3,406.93 | 2.63% | -2.15% |
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XRP XRP | $2.13 | 5.18% | -8.39% |
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BNB BNB | $709.79 | 2.40% | 2.50% |
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Solana SOL | $197.29 | 5.22% | -0.28% |
| Prices as of 11:00 EST. Click here to see live data. |
It's that time of year when everyone's counting down - crypto has its own rhythm, tho'. And let's just say the final stretch before midnight is feeling a bit tense... yet still thrilling ✨
We're ending 2024 in Greed at 64 (not a confident position, but we're still there).
Meanwhile, Bitcoin is drifting between $91K and $95K today - a slide off its high of $108,353 reached on December 17.
Analysts are watching a formation called head-and-shoulders. No, not the shampoo - it's a chart shape suggesting the price could drop more if it stays below the "neckline" (currently $92K).
And if Bitcoin keeps closing under $92K, some predict a slide to around $80K.
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On top of that, some traders note that shorts (positions that profit when prices go down) have been stacking up, so we might expect a price drop soon.
We've also been seeing outflows from Bitcoin ETFs - $415.1M gone just yesterday.
Adding even more fuel to the fire, the US might soon bump into its borrowing limit, and raising that limit (aka the debt ceiling) hasn't historically done Bitcoin any favors - it tends to underperform after those announcements.
At the same time, MicroStrategy bought 2,138 BTC for $209M, Tether is also rumored to have added $700M worth of Bitcoin to its reserves - so despite all the bad news, the big dawgs still seem bullish.
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As the ball drops, so might some prices… but that's just part of the crypto adventure. Bring on 2025 - we're ready for whatever this journey will throw our way next! 🎉
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🍾 Poppin' memecoins
Forget fireworks - these memecoins are the real rockets lighting up the market today 🧨
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24H Change |
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Kekius Maximus KEKIUS |
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ZAILGO ZAILGO |
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Butthole Coin BUTTHOLE |
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yesnoerror YNE |
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Check out these memecoins and plenty more here.
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🥹 What a year
We made it, my loves. It was a lot, but we made it.
As we count down the last seconds of 2024, let's do a lil' recap of the highs and lows that made this year so special.
The year politics got crypto-fied
2024 was the year when crypto stepped out of the "it's a crypto bro thing" zone and became a political issue.
Donald Trump went full-on pro-crypto during his campaign. And apparently, this worked - he won the presidency and brought along 50+ pro-crypto Congressional candidates.
And it wasn't just the US that started taking this industry seriously:
Governments worldwide spent the year creating crypto rules (case in point: the EU launched MiCA);
National Bitcoin reserves became a big topic of discussion.
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The year of ETFs
Bitcoin ETFs became a reality in January, and it was the most successful launch of any in history. In less than a year, they've pulled in $108B;
Ethereum joined the ETF party, too, holding $10B.
Translation: institutional investors really started feeling crypto.
The year of $100K BTC
Bitcoin finally broke past $100K this year - thanks to ETFs, institutional adoption, and the Bitcoin halving.
The year of Gensler no more
The SEC was ruthless this year - they collected over $8.2B in penalties from lawsuits against crypto companies.
But here's a nice plot twist for ya - SEC Chair Gary Gensler resigned, so we might expect more breathing room in 2025.
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The year of legal issues
FTX executives discovered the meaning of justice; most notably, Sam Bankman-Fried was sentenced to 25 years in prison;
Binance's CZ spent 4 months in prison;
Hackers like Ilya Lichtenstein (the guy behind the 2016 Bitfinex hack) faced the consequences of their actions;
Tornado Cash devs also struggled a little extra in the legal department this year - Alexey Pertsev got over five years, while Roman Storm faces charges for money laundering and sanction violations.
The year of AI+Crypto
Terminal of Truths, a semi-autonomous AI agent on X, really stole the show in 2024.
Not only did it inspire the Goatseus Maximus (GOAT) memecoin (which, btw, went from a joke to $1B), but it also basically became the face of the AI agent economy.
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The year of celebrity memecoins
Thanks to platforms like Pump(.)fun, making your own memecoin became easier than ever.
And celebrities couldn't resist - stars like Caitlyn Jenner, Iggy Azalea, and the Hawk Tuah girl jumped on the trend. Quick spoiler: most of them rugged.
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The year of the comeback
Remember Roaring Kitty? The 2021 GameStop short squeeze? Ring any bells?
Well, he came back in May with one subliminal tweet, and it broke the internet. Stocks like GameStop and AMC skyrocketed, proving the guy still has serious market influence.
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The year of livestreams
Pump(.)fun tried adding a livestream feature this year, and while it didn't last, it gave us some iconic (and very concerning) moments.
Exhibit A: a 14-year-old kid rugged a memecoin live on camera and made $54K.
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It was political, it was inspiring, it was funny - but above all, it was completely unhinged.
While it's hard to predict the future, one thing's guaranteed: 2025 is gonna bring even more crypto drama. And we are SO here for it! 🍾
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🎇 Firework flashes
🐸 Elon Musk rebranded himself on X as "Kekius Maximus" and changed his profile pic for a Pepe meme. Naturally, KEKIUS went to the moon, and PEPE got a 6% push (as of writing).
🦹 Blockchain Bandit is back in action. After nearly two years of silence, the hacker who stole 51K Ether by cracking weak private keys moved all the loot into a single multisig wallet.
🌕 MoonPay got the approval to run as a licensed crypto business in the Netherlands under the EU's MiCA bill. With this license, they're sticking to their game plan: making fiat-to-crypto and crypto-to-fiat swaps easy.
🚀 Hyperliquid launched native staking on its mainnet, so now you can earn rewards while helping secure the network. Choose your validator wisely - factors like uptime, fees, and community contributions are all in the mix.
🛠 Crypto wallet provider Tangem fixed a critical app bug that collected some users' private keys via email. A Reddit thread called them out, claiming email histories stored the keys, but Tangem says the glitch in their app's logs is fixed for good.
📝 Core DAO dropped its 2025 plans, and they're packed: Bitcoin-backed stablecoins, liquid staked Bitcoin, upgrades to the Core Commit program, and more. Big year ahead!
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🎉 Resolution: learn more
Kick off the year by discovering the OneKey crypto wallet with the latest BitDegree Mission, "OneKey, One Goal: Superior Crypto Protection":
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✨ New year, new memes
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That's a wrap for today's Daily Squeeze - we're officially hanging up our juicers for the year (and swapping charts for champagne). From all of us at BitDegree, we wish you a Happy New Year! 🥳 May your wallets stay secure, your trades stay green, and your resolutions last longer than a week 😋
Don't miss us too much - we'll be back in action on Thursday, ready to squeeze 2025's first batch of blockchain juice just for you. Until then, stay safe, stay inspired, and don't let the bears ruin your holiday! 🪩
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