The day ahead in crypto: Dec. 10, 2024
You are viewing Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. In the coming weeks, this daily update will replace the First Mover Americas newsletter, and arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights.
"If these rates continue to decline, it could signal the unwinding of excessive long leverage, potentially leading to a more balanced market," analysts at Bitfinex said, adding that $100,000 is no longer the key support/resistance level and a new equilibrium is probably forming in spot markets. Keep an eye on the Far East too. A renewed rally in Chinese stocks following Beijing's promise of more stimulus could suck capital from other markets, including cryptocurrencies.
. Est. 3.25% vs Prev. 3.75%. A press conference starts at 10:30 a.m.Main refinancing operations interest rate Est. 3.15% vs Prev. 3.4%.Movement's MOVE has added 63% since going live on Monday, reaching a $2.5 billion market capitalization.The Clober Liquidity Vault has been hacked, resulting in a loss of 133 $ETH . The exploiter has already bridged the stolen funds from Base to Ethereum.
Quantum-resistant or post-quantum tokens aim to use cryptographic algorithms believed to be secure against quantum computing attacks. These algorithms are designed to resist attacks using Shor’s algorithm, which is particularly effective against current public-key cryptosystems. A notable BTC options trade included a long position in the $150,000 strike call expiring in March. Meanwhile, someone sold the ETH $5,000 call expiring at the end of March in large numbers, collecting nearly $1.8 million in premium.
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