FameEX Morning Crypto News Recap | December 6, 2024

Trump praises Bitcoin holders' for achieving $100,000 milestone

Trump congratulated "Bitcoiners" on reaching the $100,000 milestone, according to recent market news.

Bitcoin's Market Cap Exceeds Saudi Aramco's Value

According to 8marketcap data, Bitcoin's market capitalization has reached approximately $2.045 trillion, surpassing Saudi Aramco's $1.796 trillion, making it the 7th largest market cap globally.

Bitcoin Funding Rate Surpasses 100% Annualized, FGI Reaches 84, Signaling Extreme Greed

SoSoValue data reveals that Bitcoin's funding rate briefly surpassed 100% annualized, now at 79.33%, while the Fear and Greed Index (FGI) hit 84, signaling an extremely greedy market state.

Crypto Investors See Bull Cycle in Early Stages, With Low Retail Participation

At the Emergence conference in Prague, many cryptocurrency investors stated that the current bull market is in its early stages, with retail participation still low compared to 2021. Venture capital firms are focusing on artificial intelligence agents, seeing them as a major trend similar to DeFi and proof-of-stake blockchains.

Financial Times Releases Statement on Its Ongoing Skepticism Towards Cryptocurrencies

The Financial Times recently addressed its long-standing skepticism towards cryptocurrencies, especially Bitcoin, citing inefficiencies in payment and value storage. Despite Bitcoin surpassing $100,000, commentators argue that the media should apologize for its cynical reporting on the cryptocurrency over the past 14 years.

Survey Reveals 49% of Respondents Plan to Wait for Bitcoin Prices to Drop Before Buying at the Bottom

Matthew Sigel, head of digital asset research at VanEck, shared a survey indicating that 49% of respondents are waiting for Bitcoin prices to drop before buying. Additionally, 46% seek clarity on regulatory developments, 24% favor a U.S. Bitcoin reserve, and 9% can't envision buying Bitcoin.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.