Gate Research Daily Report: On December 20th, BTC and ETH saw a downward correction, with the market sentiment remaining stable. Both Bitcoin and Ethereum ETFs experienced net outflows, while altcoins like Terminal of Truths stood out with notable gains. The U.S. stock indices showed mixed performance, with spot gold slightly rising, and the Fear & Greed Index indicating a state of market greed. Top-performing tokens such as USUAL, FARTCOIN, and IDOODLES (Doodles Fraction Token) garnered attention in the market. Hyperliquid reached a new trading volume high, the SEC approved new ETFs, and Deutsche Bank predicted no Federal Reserve rate cut next year. MetaMask expanded its payment card pilot, while projects like Kettle Finance secured funding and Plume Network offered airdrop opportunities.

Market Analysis: On December 20, both BTC and ETH saw a decline. BTC dropped by 4.21%, and ETH experienced a downward fluctuation.
Top Performers: The hottest altcoins in the past 24 hours are IDOODLES, USUAL, and FARTCOIN, with gains of 58.4%, 40.71%, and 20.75%, respectively.
Data Highlights: Animoca Brands reported Q3 revenue of $69 million, a quarter-over-quarter increase of 43.8%.
Spotlight Analysis: The SEC has approved the listing applications for the Hashdex and Franklin Crypto Index ETFs.
Market Opportunities: Plume Network is streamlining asset onboarding through its native infrastructure and unified RWAFi feature across the blockchain, while offering an airdrop opportunity.

Explore today’s details 👉🏻 Gate Research: BTC and ETH Experience Volatile Pullback, SEC Approves First Dual-Asset Crypto ETFs

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Gate.io Team
December 21st, 2024