Crypto Market Analysis | 16 December 2024

Crypto Market analysis

As BTC touched the all-time high again of $106k after 10 days of consolidation, Bitcoin seems to have marked its support over 2 trillion dollar market cap – making it the 7th largest asset in the world by market cap with Amazon and Google being less than 15% away.

This comes as pro-Bitcoin company Microstrategy is set to enter the Nasdaq 100 as per a recent announcement by Nasdaq – as per its 100th annual reshuffling. This means that it will now be a part of one of the world’s largest ETFs with more than 300 billion dollars in AUM.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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