Daily News | BTC Continues to Slightly Consolidate and Rise, Altcoins Welcome Christmas Season with General Gains

Crypto Daily Digest: BIO plans to migrate tokens to Solana, while DOGE, XRP, and others are expected to continue rising in 2025

Yesterday, the US stock market was closed for Christmas, and there was no inflow or outflow of funds for BTC ETF and ETH ETF.

Viewpoint: Trump’s Bitcoin Reserve Plan may become a watershed in the crypto market

Trump publicly supports the Bitcoin Reserve Program, pushing the US government to hoard Bitcoin as a strategic asset. The plan has received support from politicians including Porter and Loomis, and has attracted attention from both parties. Trump’s support gave political impetus to this once marginalized concept and became a watershed moment for the crypto market. California Democratic Congressman and Wyoming Republican Senator propose to include Bitcoin in US reserve assets, partially relying on US gold reserves.

However, critics argue that this may strengthen the dominant position of US finance and pose a challenge to the decentralized concept of Bitcoin. Nevertheless, supporters believe that this measure will help address the debt crisis and promote global financial innovation.

BIO Protocol initiates a community proposal to migrate BIO tokens to Solana through cross-chain bridge

BIO Protocol initiates a community proposal to expand BIO tokens to the Solana eco. The proposal includes deploying BIO token futures on Solana, establishing cross-chain bridge infrastructure, and allocating an additional 1% of funds from eco incentives to establish a cross-chain liquidity pool. The protocol plans to deploy a liquidity pool with a depth of approximately $1 million, covering both concentrated and extensive liquidity ranges, and will be actively managed by the protocol team to optimize capital efficiency.

Analyst: DOGE, XRP, and HBAR may continue to rise in 2025

According to Cointelegraph, analysts have stated that DOGE, XRP, and HBAR have experienced significant gains in the past year due to political shifts, regulatory optimism, and growing institutional interest, and are expected to continue rising in 2025.

The results of the 2024 US presidential election seem to have played a crucial role in transforming the fate of Meme, with Trump’s upcoming government supporting crypto heralding a significant shift in regulatory attitudes. Musk’s continued support for DOGE remains a powerful emotional driving factor. Technical analysis confirms the bullish trend, with key indicators such as the ‘golden cross’ showing significant upward potential. Analyst Mikybull compared the current pattern with the bull market cycle before Dogecoin, when the token achieved a nearly 7,000% increase. Similarly, renowned crypto trader Javon Marks holds a similar view and predicts that if this momentum continues, DOGE may rise to $3 or higher.

The soaring value of XRP seems to be driven by multiple factors, including regulatory optimism, strategic product releases, and strong technological momentum, making it one of the highly anticipated assets in the market. Technical analysis also provides bullish signals for XRP. Renowned trader DonAlt accurately predicted XRP’s rise in November and stated that if XRP breaks through $2.60, it could trigger another wave of bullish sentiment and even double XRP’s price.

Hedera Hashgraph is often regarded as a dark horse in cryptocurrency. What Hedera is most looking forward to is the possibility of the spot HBAR ETF going live, and Valour Funds has submitted an application for physical staking products to the Euronext exchange in Europe. At the same time, Canary Capital has submitted an application for a US domestic spot HBAR ETF, further raising market expectations as investors closely monitor regulatory developments in the post election environment.

Market Trends: Desci sector collectively rose, BTC and ETH sideways are favorable for the performance of Altcoins

Market Hotspots

The Desci sector saw a significant increase in URO and RIF, as Pump Science announced on social media that BIO Protocol will airdrop BIO to holders of URO and RIF; BIO has been launched for pre-market trading on Gate.io, with a current quote of $0.9 per coin;

Layer2 token MOVE continues to rise, with a current circulating market cap of $2.65 billion, ranking 72nd in the entire market. Its market cap has surpassed the well-established trending Layer2 token OP, and MOVE only needs to increase by another 25% to surpass ARB’s market cap of $3.3 billion.

Mainstream Coins

BTC returns above $99,000, and there is no inflow of funds into the BTC ETF during the US stock market shutdown. The rise is mainly due to on exchange fund purchases;

ETH is still consolidating at around $3,450, and stabilizing in this price range is a good opportunity for Altcoins;

Altcoins are generally rising, and the application protocols and AI meme-related projects in the AI sector are leading the market in terms of gains.

Macro news: US stocks closed for Christmas yesterday, and there is currently no updated data analysis in the market