🚨 Today's Crypto Hotspot Collection, Get Market Focus in 1 Minute

1. #BTC broke through the 100,000 mark, and cross-market panic triggered capital flight: the crypto market suffered a heavy blow, with BTC hitting a low of 98,000 U. The core reason is the weak performance of U.S. stocks after the end of the government shutdown, with crypto-related stocks also plummeting across the board. Market panic spread, and funds shifted towards safe havens, leading to pressure and decline in crypto assets.

2. December interest rate cut probability halved, Fed hawkish remarks intensify volatility: CME's latest "Fed Watch" data shows that the probability of a 25 basis point rate cut in December has fallen to 51.6%, a significant decline from before. At the same time, several Federal Reserve officials have expressed hawkish views, reinforcing market concerns about tightening liquidity, which has become one of the key drivers of the current market panic.

3. BTC support level focuses on 94,000, short-term downside risk remains: BTC briefly plunged to 98,000 U before stabilizing slightly. Some analysts point out that the next key support level is around 94,000 U. If this level cannot be maintained, it may trigger a new wave of selling pressure, and attention should be paid to the defense of the support level.

4. Uniswap enters the token issuance space, CCA protocol opens a new track: Uniswap has launched the Continuous Clearing Auction protocol (CCA), marking the official entry of this leading DEX into the token issuance market. This move confirms the market banter that "the endgame of the crypto industry cannot avoid developing coins." Moving forward, attention should be paid to the project implementation and capital attractiveness of the CCA protocol.

5. Grayscale submits IPO application, managing $35 billion in assets seeking listing: Grayscale has officially submitted an IPO application to the U.S. SEC, currently managing assets of approximately $35 billion, covering investment exposure to over 45 types of tokens. If the IPO is successful, it will become an important milestone in the cryptocurrency asset management industry, providing long-term benefits for institutional capital entry.

6. #DYDX , #ME launched a buyback plan, and the community complained "first stop sales then buy back": DYDX announced that it will use 75% of the protocol fees for token buybacks, while #ME simultaneously launched a buyback plan using 30% of the fees. However, the community is not buying it and ridiculed "buybacks are good, but can we first stop the team from selling tokens?", reflecting the market's concerns about the selling pressure from the project side.

7. Expectations for the "Christmas Rally" are heating up, and the market anticipates a year-end rebound: Investors on platform X have started to discuss the "Christmas Rally"—this market consensus refers to the tendency of cryptocurrencies to experience price surges during the last few weeks of December until early January of the following year. In the current sluggish market, this expectation has become an important factor supporting market sentiment, but whether it will materialize still needs to be observed in terms of the pace of capital inflow.

8. XRPC ETF's first-day trading volume set an annual record, with strong liquidity at #XRP : The trading volume of XRPC on its debut reached $58 million, slightly surpassing BSOL, making it the highest first-day trading volume among approximately 900 new ETFs this year. This figure highlights the market liquidity and investor interest in XRP, with its related ETFs significantly outperforming other crypto ETFs during the same period.

9. The major trendline is facing a test, and a reversal needs confirmation from moving averages: Following Alpha group market analysis indicates that the market has first touched the key major trendline. If it does not continue to decline and instead enters consolidation, we need to wait for the short-term moving averages to pull back and form a filter line. Once that moving average is broken, the market may usher in a trend reversal signal.