Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Top 10 Gainers Of The Week: $USUAL, $MOVE, And $HYPE Lead Amid Market Volatility

While the broader crypto market faced significant turbulence this past week, a few tokens stood out by defying the downward trend. Among the top performers were newly launched tokens like $USUAL, $MOVE, and $HYPE, which maintained their bullish momentum. Even stablecoins showcased remarkable resilience, providing stability amidst the chaos. Interestingly, $Fartcoin and $BGB also moved counter to the market sentiment, continuing their upward trajectory. Top 10 Gainers in the last 7 days Amidst the bloodbath market, newly launched $USUAL , $MOVE , and $HYPE continued their impressive uptrend, while stablecoins showcased resilience during market turbulence. Also, $Fartcoin and $BGB are moving against the market. pic.twitter.com/eohXLRtA0L — CryptoRank.io (@CryptoRank_io) December 20, 2024 One of the standout tokens, $USUAL, gained significant traction in the market for tokenized U.S. Treasury bills. Two prominent market makers, GSR Markets and Amber Group, have played pivotal roles in $USUAL’s success. – Amber Group: Responsible for market making 12 million $USUAL tokens, Amber currently holds 1.6 million tokens worth $2.54 million, making it one of the top 12 holders. – GSR Markets: With market-making activities for 8 million $USUAL tokens, GSR now holds 2.76 million tokens valued at $4.4 million, ranking as the ninth-largest holder. 万红从中一点绿 GSR Markets 和 Amber Group 为近期 RWA 新秀 $USUAL 的做市商 Amber：做市数量 1200 万枚，当前持仓 160 万枚（254 万美金），为当前持仓 Top12 地址 https://t.co/VPwkTU4cD5 GSR：做市数量 800 万枚，当前持仓 276 万枚（440 万美金），为当前持仓 Top9 地址… https://t.co/aEns7i3J0Z pic.twitter.com/qokr0q3IdY — Ai 姨 (@ai_9684xtpa) December 20, 2024 $USUAL boasts the highest market share in tokenized U.S. Treasury bills, surpassing competitors. It has attracted over 15,000 users, far outpacing the combined user base of other protocols like Ondo, BlackRock, and Mountain, which collectively have 5,200 users. Additionally, $USUAL contributes nearly 80% of the total value locked (TVL) for Hashnote, the leading on-chain T-bill provider. $USUAL has the highest market share in tokenized US T-bills right now. Ondo, BlackRock, Mountain, and other protocols have around 5.2K users, while $USUAL alone has 15K users. Around 80% of the TVL for the leading on-chain T-bill provider, Hashnote, also comes from Usual Money. pic.twitter.com/GXqppazGEl — hitesh.eth (@hmalviya9) December 20, 2024 As the market continues to navigate choppy waters, $USUAL’s performance highlights the growing demand for tokenized real-world assets, offering a glimmer of hope for investors seeking stability and growth opportunities. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: peshkov/ 123RF // Image Effects by Colorcinch The Daily Hodl

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Bitcoin Dips Below $100K As Accumulation And Institutional Activity Surge

Bitcoin has slipped below the $100,000 mark, but a significant demand zone has emerged just beneath this level. On-chain data reveals that over 1.45 million BTC were accumulated at an average price of $97,500, creating a key support zone that could influence future market movements. Will Bitcoin retrace below $100k? Interestingly, a significant demand zone has formed just under $100k. Over 1.45 million BTC was accumulated at an average price 97.5k, making this an important potential support zone. pic.twitter.com/vDcHEl8OKV — IntoTheBlock (@intotheblock) December 19, 2024 Recent months have also seen a notable shift in Bitcoin ownership. The proportion of wealth held in recently moved supply has been increasing, as long-term holders redistribute coins to new investors. This trend highlights a surge in demand-side activity and growing interest from fresh market participants. The proportion of #Bitcoin wealth held within recently moved supply has started to increase meaningfully in recent months. This occurs as coins held by Long-Term Holders are distributed to new investors, which in turn highlights a surge in new demand-side activity. pic.twitter.com/h0P5gMihlj — glassnode (@glassnode) December 19, 2024 Institutional players continue to play a pivotal role in the Bitcoin ecosystem. Marathon Digital (@MARAHoldings) recently added 1,627 BTC, worth $166 million, to its holdings within just eight hours. Meanwhile, MicroStrategy’s Michael Saylor announced plans to transition the company’s fundraising strategy. On-chain data shows that Marathon Digital( @MARAHoldings ) has accumulated 1,627 $BTC ($166M) in the past 8 hours. https://t.co/9DlN5ZPsBz pic.twitter.com/3KQUfyJnJY — Lookonchain (@lookonchain) December 19, 2024 After exhausting the current leveraged Bitcoin proxy plan, MicroStrategy intends to focus on fixed-income securities to finance future cryptocurrency purchases. So far, the firm has utilized a mix of new stock and convertible bond sales to expand its Bitcoin reserves. MicroStrategy`s Michael Saylor said that once the current fundraising plan is exhausted, the company will shift from the leveraged Bitcoin proxy plan to a more focused fixed-income securities to raise funds to buy cryptocurrencies. So far, MicroStrategy has used a combination of… — Wu Blockchain (@WuBlockchain) December 19, 2024 Bitcoin spot ETFs are also experiencing consistent inflows, signaling sustained interest from institutional investors. On December 18, spot ETFs recorded a net inflow of $275 million, marking 15 consecutive days of positive flows. Notably, BlackRock’s IBIT ETF saw a substantial net inflow of $360 million. On December 18, Bitcoin spot ETFs had a total net inflow of $275 million, continuing net inflows for 15 consecutive days. BlackRock ETF IBIT had a net inflow of $360 million. https://t.co/59u0BnEqLG pic.twitter.com/8YRtjyAxNI — Wu Blockchain (@WuBlockchain) December 19, 2024 Despite Bitcoin’s recent price dip, the underlying fundamentals indicate robust demand and increasing institutional adoption. With significant accumulation at current levels and continued inflows into Bitcoin-focused financial products, the market remains poised for potential growth in the near term. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: alekskhmelev/ 123RF // Image Effects by Colorcinch The Daily Hodl