FameEX Biweekly: Bitcoin Surpasses $107K – Ushering in a New Era Together! (December 2024, Issue 1)

Overview:

Catch up the highlights from Dec 1 to Dec 15, 2024. During this period, Bitcoin’s price soared past $100K for the first time, reaching an astonishing $107,780. With improving macroeconomic conditions and a surge of institutional capital flooding the market, the crypto industry is forging ahead. Together with our crypto community, we march forward into this exciting new chapter. The best is yet to come—stay tuned!

Crypto News

FameEX Hot Topics | Bitcoin Achieves 129% Year-to-Date

Bitcoin’s availability on digital asset exchanges continues to shrink, with only 2.5 million BTC currently available for purchase, according to data. This decreasing supply coincides with Bitcoin’s strong market performance in 2024, fueled by pivotal events such as the United States Presidential election and the April 2024 halving.

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Trump to Nominate Paul Atkins as SEC Chairman

Trump has reportedly nominated Paul Atkins as SEC chairman. If confirmed, this appointment may bring a more friendly regulatory environment to the cryptocurrency industry. Sources confirm Trump has contacted Atkins and is awaiting his acceptance.

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10 U.S. States Set to Propose Strategic Bitcoin Reserve Legislation

Dennis Porter, co-founder of the Satoshi Act Fund, revealed that multiple U.S. states are preparing to introduce sovereign Bitcoin reserve legislation. Porter is actively lobbying policymakers in 10 states to propose such legislation, sharing the update on X (formerly Twitter).

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FameEX Hot Topics | Bitcoin Price Surpasses $100K for the First Time in History

Bitcoin has achieved a significant milestone by reaching $100,000 for the first time in history, reflecting a 126% increase since January. This surge in price can be attributed to several key factors, including the demand for Bitcoin ETFs, the fourth halving event in April, and the political landscape surrounding the U.S. presidential election.

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Altcoin Season Kicks Off, Expected to Last Until March Next Year

Anonymous trader MilkyBull Crypto predicts the altcoin season has just begun and will last about 90 days until March. Bitcoin’s market share, often a key indicator, has dropped to 55.11%, down 7.88% over the past 30 days, according to TradingView data.

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FameEX Hot Topics | Bitcoin Rally Expected to Extend Through End of 2025

Bitcoin achieved a historic milestone on December 6, surpassing $100,000 for the first time, despite sluggish performance in most global assets and declining global liquidity. Over the past month, Bitcoin’s price surged by 32%, contrasting sharply with oil’s 6.3% drop, a 1% decline in the S&P 500, and gold’s 1% decrease. This divergence underscores Bitcoin’s resilience and growing investor confidence.

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MicroStrategy Holds Over 2% of Total Bitcoin Supply

As of December 8, 2024, MicroStrategy revealed it holds 423,650 bitcoins, representing 2.017% of the total 21 million bitcoin supply. 

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Trump Aims for Bitcoin to Hit $150,000

An anonymous source disclosed that Trump hopes Bitcoin will surpass $150,000, viewing cryptocurrency as "another stock market." During his previous term, Trump frequently gauged economic performance based on the U.S. stock market, highlighting his focus on financial metrics. 

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FameEX News

Platform Events

1. FameEX Welcome Bonus Event. FameEX launched the “Sign up to Enjoy 0 Fees on Futures Trading for 30 Days (Vol. 1)” event from November 6, 2024 to December 5, 2024. The event has now concluded and thank you to all 3,008 participants for joining! For details, please check the winner announcement below.

View Winner Announcement

2. Memecoin Trading Madness. FameEX proudly hosted the “Win Your Share of $1,000,000 in Memecoins” airdrop event from November 18 to November 28, 2024! A heartfelt thank you to the 2,263 participants who joined and made it a success. Check out the winners’ announcement for more details!

View Winner Announcement

New Listing

Three new tokens were listed on the FameEX Spot during the period.

◆ JRRY The Kat (JRRY): JRRY/USDT was listed in the spot trading zone on Dec 4, 2024.

◆ Keiro (KEIRO): KEIRO/USDT was listed in the spot trading zone on Dec 14, 2024.

◆ KYRO token (KYRO): KYRO/USDT was listed in the spot trading zone on Dec 14, 2024.

Trading Volume

◆ As of Dec 15, FameEX’s highest ranking on CoinMarketCap hit 38, with a 24-hour trading volume of $27,168,585,838, an average liquidity of 907, and a weekly average of 1,174,814 visits. (Data source: CoinMarketCap)

◆ As of Dec 15, the total assets in the FameEX insurance fund stand at 8,295,088.81 USDT. It is updated daily and can be viewed HERE in real-time.

FameEX Official Community

1. X (formerly Twitter): 130K Followers. Link: https://twitter.com/FameexGlobal 

2. Telegram (Global): 77,370 Members. Link: https://t.me/fameexgroup

3. Discord: 14,535 Members. Link: https://discord.gg/V8yvKPxVCk 

Follow more official channels on:

Chinese X (formerly Twitter): https://twitter.com/FameEXzh 

YouTube: https://www.youtube.com/c/FAMEEX 

Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media, and your voice matters to us!