Also: Elon Musk is now Kekius Maximus and cryptocurrencies lost him
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GM. Fireworks? Check. Blockchain confetti? Double check. The Daily Squeeze is here to light up your inbox with crypto glow this New Year’s Eve!
🥂 Celebrating a year when only cryptocurrencies could make this entertaining.
🎇 Fireworks flash: Elon Musk is now Kekius Maximus, Blockchain Bandit is back in town, and more
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🕛 Market countdown today
It’s that time of year when everyone counts down… Although cryptocurrencies have their own rhythm. And let’s just say the final stretch before midnight feels a little tense… but it’s still exciting ✨
We finished 2024 in Greed at 64 (not a safe position, but we’re still there).
Meanwhile, bitcoin today it ranges between 91,000 and 95,000 dollars – a drop from its high of $108,353 reached on December 17.
Analysts are watching a formation called head and shoulders. No, not the shampoo. – is a form of chart that suggests the price could fall further if it stays below the “neckline” (currently $92K).
And if Bitcoin continues to close below $92,000, some predict a drop to around $80k.
Besides that, some traders notice that the shorts (positions that benefit when prices fall) have been accumulatingso we could expect a price drop soon.
We have also been seeing Bitcoin ETF outflows – 415.1 million dollars disappeared yesterday.
Adding even more fuel to the fire, The United States could soon reach its debt limitand raising that limit (aka debt ceiling) has historically done Bitcoin no favors: it tends to underperform after such announcements.
At the same time, MicroStrategy bought 2,138 BTC for $209 millionTether is also rumored to have added $700 million worth of Bitcoin to its reserves – So despite all the bad news, the big guys still seem optimistic.
As the ball drops, some prices could drop too… But that’s just part of the crypto adventure. Bring on 2025 – we’re ready for whatever this journey has in store for us next! 🎉
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🍾Blow up memecoins
Forget fireworks – these memecoins are the real rockets lighting up the market today 🧨
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Name |
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24H Change |
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Kekius Maximo SOME |
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MORE DIFFICULT MORE DIFFICULT |
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year coin BUTTONHOLE |
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sinerror OUR |
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Data as of 06:30 am EST.
Check out these memecoins and many more here.
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We did it, my loves. It was a lot, but we did it.
As we count down the final seconds of 2024, let’s do a little recap of the highs and lows that made this year so special.
The year politics became crypto
2024 was the year cryptocurrencies left the market “It’s a crypto thing bro” area and became a political issue.
Donald Trump became totally pro-crypto during his campaign. And apparently this worked. – won the presidency and brought with him more than 50 candidates to the pro-crypto Congress.
And it was not only the United States that began to take this industry seriously:
The year of ETFs
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Bitcoin ETFs became a reality in January and it was the most successful launch in history. In less than a year, they have raised $108 billion;
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Ethereum ETF also joined the party, with $10 billion.
Translation: Institutional investors really started to feel crypto.
The year of $100K BTC
Bitcoin finally exceeded $100 thousand this year – thanks to ETFs, institutional adoption and the Bitcoin halving.
the year of Gensler no more
The SEC was ruthless this year – collected more than $8.2 billion in penalties for lawsuits against crypto companies.
But here’s a good plot twist: SEC Chairman Gary Gensler Resignedso we could expect more breathing room in 2025.
The year of legal issues
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ftx executives discovered the meaning of justice; most notably, Sam Bankman-Frito was sentenced to 25 years in prison;
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Binance C.Z. spent 4 months in prison;
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Hackers like it Ilya Lichtenstein (the guy behind the 2016 Bitfinex hack) faced the consequences of his actions;
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The developers of Tornado Cash also struggled a little more in the legal department this year – Alexei Pertsev exceeded five years, while Roman storm faces charges of money laundering and sanctions violations.
The year of AI+Crypto
Terminal of Truths, a semi-autonomous AI agent in X, really stole the show in 2024.
Not only did he inspires the memecoin Goatseus Maximus (GOAT) (which, by the waywent from a joke to a billion dollars), but he also basically became the face of the AI Agent Economy.
The year of celebrity memecoins
Thanks to platforms like Pump(.)fun, creating your own memecoin has become easier than ever.
And the celebrities couldn’t resist – Stars like Caitlyn Jenner, Iggy Azalea and the girl Hawk Tuah joined the trend. Quick spoiler: most of them resistant.
The year of return
Remember roaring kitten? The GameStop short squeeze of 2021? Does anything ring a bell?
Well, he returned in May with a subliminal tweet, and broke the Internet. Stocks like GameStop and AMC soaredwhich shows that the guy still has a lot of influence on the market.
The year of live broadcasts
Pump(.)fun tried to add a live streaming feature this yearand although it didn’t last, it gave us some iconic (and very worrying) moments.
Exhibit A: A 14-year-old boy used a memecoin live on camera and won $54k.
It was political, it was inspiring, it was fun, but above all, it was completely unhinged.
While it is difficult to predict the future, one thing is guaranteed: 2025 will bring even more crypto drama. And we are SO here for it! 🍾
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🎇 Fireworks flashes
🐸 Elon Musk renamed himself in X as “Kekius Maximus” and changed his profile photo to a Pepe meme. Naturally, KEKIUS went to the moon and PEPE got a 6% boost (at the time of writing).
🦹 Blockchain Bandit is back in action. After almost two years of silence, the hacker who stole 51K Ether by cracking weak private keys moved the entire loot to a single multi-signature wallet.
🌕 MoonPay gained approval to operate as a licensed crypto company in the Netherlands under the EU’s MiCA bill. With this license, they are sticking to their game plan: facilitating fiat-to-crypto and crypto-to-fiat exchanges.
🚀 Hyperliquid launched native staking on its mainnet, so you can now earn rewards while helping to secure the network. Choose your validator wisely: factors like uptime, fees, and community contributions are all at play.
🛠 Crypto wallet provider Tangem fixed a critical bug in the app that collected some users’ private keys via email. A Reddit thread called them out, claiming that email histories stored the keys, but Tangem says the problem in their app’s logs has been fixed for good.
📝 Core DAO abandoned its 2025 plans and they are packed: Bitcoin-backed stablecoins, Bitcoin with liquid staking, Core Commit program updates, and more. Great year ahead!
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🎉 Resolution: learn more
Start the year by discovering the OneKey crypto wallet with the latest BitDegree mission, “OneKey, one goal: superior cryptographic protection”:
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✨ New year, new memes
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Here’s a recap of today’s Daily Squeeze: We’re officially hanging up our juicers of the year. (and trading graphics for champagne). From all of us at BitDegree, we wish you a Happy new year! 🥳 May your wallets stay safe, your operations stay green, and your resolutions last more than a week 😋
Don’t miss us too much. We will return to action on Thursdayready to squeeze the first batch of 2025 blockchain juice just for you. Until then, stay safe, stay inspired, and don’t let the bears ruin your vacation. 🪩
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