Plus: Will Hawk Tuah girl make the nice list?
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GM. Ho ho hodl! The Daily Squeeze is sliding down your chimney with a bag full of crypto insights.
✨ Trump's pro-crypto team, policies encouraging innovation, and talks about a Bitcoin reserve.
🎄 Holly jolly headlines: Adam Back calms the quantum computing panic, Hawk Tuah girl finally speaks up + more
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🛷 Market cheer today
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| Crypto Market Cap: $3.28T -1.38% (24H) | ||||
| Name | Price | 24H | 7D | |
|---|---|---|---|---|
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Bitcoin BTC | $93,149.65 | -2.54% | -12.60% |
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Ethereum ETH | $3,298.84 | -0.81% | -16.39% |
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XRP XRP | $2.15 | -3.74% | -15.76% |
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BNB BNB | $676.35 | 2.91% | -5.89% |
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Solana SOL | $182.97 | 0.15% | -16.01% |
| Prices as of 12:00 EST. Click here to see live data. |
'Tis the season for festive lights, ugly sweaters, and crypto talk that's spicier than mulled wine. Let's see what the market is up to (just don't tell the elves we're sneaking a peek) 🎁
The Fear and Greed Index is hanging out at 70 (still in Greed), while Bitcoin - fresh from its weekend slump - is once again testing the strength of that $94K level.
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ETFs played the role of grinches on Friday: BTC ETFs saw $277M in outflows, and ETH ETFs dropped another $75.1M.
Festive breaks mean fewer traders at their desks, which could magnify the drama. Mark Cullen pointed out that liquidity is stacked high at $115K and lurking below $80K - just waiting for whichever side of the tree gets shaken first.
Meanwhile, The Kobeissi Letter warns that declining global money supply could pull BTC down by as much as $20K.
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Overall, the market's mood is gloomy - Santiment noted that vocal traders are showing extreme FUD. Sounds bad? Maybe not - some are jingling all the way because they love buying when everyone else is freaking out.
So, will there be fireworks or is it just more silent nights ahead? Stay tuned… the holiday season might come with surprises you didn't see under the tree ✨
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🔔 Jingle gains
Santa checked his list twice, and it turns out some memecoins are on the pumping list.
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24H Change |
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Lou LOU |
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Tri Sigma TRISIG |
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dog with apple in mouth APPLE |
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ANDY70B ANDY70B |
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Check out these memecoins and plenty more here.
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🎁 Promises under the tree
Quiz time: who's known for the color red, has a memorable hairstyle, and is full of unforgettable one-liners?
If you said Santa… well, sure, but we're talking about none other than Donald Trump. And let's be real - when it comes to crypto, he's better at spreading cheer.
Here's the latest that's making us say 👌 huge huge huge 👌 instead of ho ho ho.
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1/ More pro-crypto elves joining the workshop
Remember when we said Trump's been stacking his team with crypto-friendly picks? Well, we've got sum more:
🎅 Bo Hines is now the executive director of the new Crypto Council, chaired by crypto czar David Sacks. Together, they're gonna work on creating an environment where the crypto industry can flourish, as Trump himself said.
🎅 Stephen Miran, economist and former advisor, has been nominated as chair of the Council of Economic Advisors. His vibe? Financial deregulation and crypto innovation will be key to powering the next economic boom.
2/ Business wonderland
Cathie Wood, the founder of ARK Invest, believes Trump's policies could make it easier for companies to merge or get bought out - what's called mergers and acquisitions (M&A).
For smaller startups, especially in crypto, being bought or teaming up with bigger companies can give them the resources they need to succeed.
Wood says Trump's administration might roll back rules that have made these deals harder in the past. This could help startups find opportunities to grow, bring new ideas to life, and keep innovation moving forward.
3/ A Bitcoin reserve?
Trump's wishlist for his presidency includes a strategic Bitcoin reserve - which is part of what fueled BTC's rally this past month.
Is it happening frfr? TBD. But the big guns are talking about it:
VanEck predicts BTC could hit $42.3M by 2049, so the reserve could potentially offset $42T in national debt;
Michael Saylor says a strategic Bitcoin reserve could strengthen the US dollar, shrink the national debt, position the US as a leader in the global digital economy, and generate up to $81T for the Treasury.
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Anyways, whether it's Santa or Trump stuffing our stockings - it better be crypto. No excuses 🎁
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✍️ Dear Santa
We have been very nice this year (okay, maybe a few jokes weren't so Jesus-friendly - but c'mon, nobody's perfect).
All we want for Christmas is:
$150K BTC;
Gas fees that don't make us cry;
Generational wealth;
A slice of the $2.2M prize pool from Bybit's birthday event;
The Ledger Flex wallet - with that $70 BTC bonus, of course.
We promise to leave the best cookies and milk you've ever tasted waiting for you (or some eggnog if that's your vibe 😏). Just slide down that chimney and make some magic happen, okay? ✨
Love,
The crypto community ❤️
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🎄 Holly jolly headlines
😬 Some worry that quantum computing could one day crack cryptographic algorithms. But Adam Back, cryptography legend, says chill - it's decades away, and PQ (post-quantum) tech might even make BTC stronger.
🤫 Hailey Welch, aka the Hawk Tuah girl, broke her silence after the HAWK memecoin's pump-and-dump drama. She said she's cooperating with lawyers representing investors who got burned. Looks like someone's trying hard to get off the naughty list…
🚨 Interpol issued a "Red Notice" for Richard James Schueler, aka Richard Heart, the founder of Hex and PulseChain. Finland issued a warrant, and if he's found abroad, extradition could be on the table.
🌟 MicroStrategy is decking its halls with new additions to its board: ex-Binance.US CEO Brian Brooks, Galaxy Digital board member Jane Dietze, and Fanatics' chief legal officer Gregg Winiarski. This brings the total number of board members to nine.
🦌 Shiba Inu partnered with Chainlink. Thanks to the Cross-Chain Token (CCT) standard, SHIB, BONE, and LEASH are now spreading holiday cheer across 12+ blockchains.
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🎅 Santa's meme workshop
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And that's a wrap on today's festive squeeze! 🎄 From all of us at BitDegree, we wish you Happy Hodl-days! Enjoy the festive chaos, eat too many cookies, and maybe sneak in a quick crypto check while no one's watching 🦌✨
This juicer is taking a holiday breather - but don't worry, we'll be back on Friday, fully recharged and ready to serve you another tall glass of crypto juice. Until then, keep your wallets warm and the vibes even warmer! 🎅
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