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Market dynamics on December 26: BTC rebounds slightly, altcoins generally decline; DeFi and AI become the focus of the market. Sun Yuchen sells $250 million worth of ETH

Market dynamics on December 26: BTC rebounds slightly, altcoins generally decline; DeFi and AI become the focus of the market. Sun Yuchen sells $250 million worth of ETH

Bitget2024/12/26 02:00

I. Market Dynamics

1. BTC rebounds after a decline, altcoins generally fall. The market's main focus is around DeFi and AI. Sun Yuchen sold $250 million worth of ETH.

2. U.S stocks were closed all day on Wednesday for Christmas.

II. Market Focus

1. Middleware PHA surged significantly. PHA cooperates with ELIZA, several new AI projects are related to PHA.

2. Stable coins USUAL and LQTY rose in value. USUAL's TVL exceeded 1.6 billion USD, mining contract hedging was forced short.

3. DeFi’s COW increased in value, being speculated as the smallest market cap Trump concept.

4. Platform coin BGB surged significantly, ecological wallet BWB followed suit.BGB's market capitalization of 12 billion USD surpassed OKB.

5. DESCI’s URO and RIF soared in value.BIO will airdrop to sub-coins URO,RIF,VITA.
   
6. Public chain BERACHAIN initiated depositing ETH (BTC available in future) for mining but cannot be withdrawn for three months.The mainnet going live next quarter will include an airdrop.

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