On December 25, the cryptocurrency market welcomed the "Christmas rally," with Bitcoin rising above $98,000. As of the time of writing,$Bitcoin (BTC.CC)$it fell by 0.44% to $98,232.00, with an increase of over 4% within 24 hours; $Ethereum (ETH.CC)$it increased by 0.11% to $3,496.99.

Key focus

• Cryptocurrency research company K33: Historical data indicates that Bitcoin could reach a historic high around mid-January.

According to data from cryptocurrency research company K33, since breaking the $0.1 million milestone earlier this month, Bitcoin has been oscillating. However, historical data suggests that it could achieve a historic high by mid-January next year. Bitcoin set a historic high of $108,353 on December 17 but plummeted last week along with the stock market after the Federal Reserve indicated that the rate cuts in 2025 would be lower than previously expected by policymakers.

According to the data from Bitcoin's past three cycles, the average duration from the first to the last historical high in each cycle is 318 days. With Bitcoin reaching its first historical high in the current cycle on March 5, if the average duration from previous cycles repeats, investors may see this cryptocurrency reach a new peak in the current cycle on January 17, 2025. This means that if Bitcoin's price really does peak in mid-January, that day will be close to Donald Trump's inauguration as President of the USA on January 20.

• Matrixport: Continuous inflow of funds into Ethereum, a re-entry opportunity may arise.

Matrixport released a daily chart stating that Ethereum, similar to Bitcoin, often loses momentum when prices rise sharply, especially when they increase by over 60% within 30 days. Historically, this has usually been a good profit-taking opportunity. Currently, the price has retraced to a level that is flat compared to a month ago, which may indicate that a re-entry opportunity is brewing, especially if the Cryptos bull market is expected to continue until 2025.

It is noteworthy that Ethereum did not exhibit the higher beta characteristic seen in the last bull market during this round of rebound. However, it remains a favored Asset among investors. The continuous inflow of ETF funds is the best proof of this. This strong demand not only highlights Ethereum's important position but also indicates that even if it performs slightly below expectations in the current cycle, it is still receiving considerable attention.

• Analyst: BTC may re-test the current closing record and intraday record between 0.106 million USD and 0.108 million USD.

Sevens Report Research'sTechnical analysis.Tyler Richey, a teacher and co-editor, wrote in an email comment to MarketWatch that since Bitcoin rose above $100,000 earlier this month, its trading volume has been steadily declining, indicating that bullish sentiment has been waning.

他在评论中写道：“如果比特币在日线图上突破0.1 million美元至101500美元之间的拥堵阻力位，那么重新测试106000美元至108000美元之间的当前收盘纪录和盘中纪录将是极有可能的。从那里开始，未能突破新高将是一个看跌的信号，90000美元低位的Resistance将重新成为焦点，而新高将重新启动比特币的看涨技术信号，目标为118000美元。”

• 美国现货比特币ETF近三日流出近1.2 billion美元，为大选以来最长流出记录

Data from SoSoValue shows that in the past three trading days, a total of $1.18 billion has flowed out from 12 spot Bitcoin ETFs in the USA market, the longest outflow record since November when Trump won the election. Coupled with the decline in Bitcoin prices, the total value held by these funds decreased by $10.7 billion from December 18 to December 23.

• 数据：自11月5日以来Coinbase CEO持有的COIN股票价值增加近2 billion美元

据Coindesk报道，加密货币交易所 $Coinbase (COIN.US)$ CEO Brian Armstrong sold company stocks continuously for several weeks after Trump's election as president and the victory of pro-crypto lawmakers, cashing out approximately 0.437 billion USD. Due to the optimistic sentiment that emerged in the market following the election results, the stocks he sold increased in value by 0.129 billion USD compared to the valuation before the election. According to the latest SEC filings, Brian Armstrong still holds over 10% of Coinbase shares, with about 24 million shares in his trust fund valued at approximately 6.4 billion USD, an increase of nearly 2 billion USD since November 5.

• The circulation of Bitcoin has surpassed 19.8 million coins, with less than 1.2 million coins left to be mined.

According to CloverPool data, the current circulating supply of Bitcoin has reached 19,800,493.75 BTC, with only 1,199,506.25 BTC left to mine. Under the current network status, the total network hash rate has reached 777.23 EH/s, and the total network difficulty is 108.52 T. The current mining block reward for Bitcoin is 3.125 coins, averaging about 450 BTC produced daily.

• NERC report: Cryptocurrency mining and AI datacenters are driving electricity demand in North America to new heights.

According to Cointelegraph, the latest report from the North American Electric Reliability Corporation (NERC) shows that the rapid development of cryptocurrency mining and AI datacenters is pushing electricity demand in North America to new heights. Taking Texas as an example, the annual growth rate is expected to reach 4.6% during peak electricity usage in summer 2029, which is four times the previous prediction.

NERC pointed out that the electricity consumption for crypto mining fluctuates with market prices, while AI datacenters require continuous cooling and storage energy. These unstable factors pose challenges for grid management. To address this trend, Texas has implemented energy response programs and strengthened distributed energy management through the HB 3390 bill. Some mining companies like MARA have also started to shift towards renewable energy.

• CITIC SEC: Trump returns to power, ushering in a new chapter for cryptocurrency regulation in the USA.

CITIC SEC's research report states that if Trump plans to ease regulations on the cryptocurrency industry after assuming the presidency in 2025, the primary task will be to clarify the regulatory responsibilities and authorities concerning the industry. In this context, the '21st Century Financial Innovation and Technology Act,' currently stalled in the US Senate, is expected to gain new momentum.

With the expected easing of the regulatory environment in the USA, the crypto industry chain in the US stock market is anticipated to receive a positive boost, suggesting three areas of focus: 1) The increase in trading activity in the US crypto industry may benefit US stock market crypto exchanges; 2) Policy benefits in the US crypto industry are likely to promote the growth of mining machine demand; 3) The development of the US crypto industry may benefit the US stock market Electrical Utilities sector.

Futu News benefits are here! Welcome mooers to participate.Crypto limited-time rewards: Up to HK$100 Cash Coupon.>>

*This event is only for invited users in HK, click to learn moreEvent detailed rules >>

Editor/rice