The CoinEx research team's December 2024 report reveals a turning point month for the cryptocurrency market. Bitcoin has surpassed the $100000 mark, mainly driven by optimism after Trump's election as president. The report also explores the hawkish stance of the Federal Reserve, stablecoin inflows, as well as emerging trends such as AI Agents and Hyperliquid, setting a bullish tone for 2025.

Bitcoin's milestone achievement

In December 2024, Bitcoin broke through the $100000 mark for the first time, achieving a historic milestone. This wave of upward trend is mainly driven by the expectation that Trump may introduce policies supporting cryptocurrency after being elected as the President of the United States. On December 5th, the price of Bitcoin soared to a historic high of $108000, and then fell back to $94000. This consolidation is in line with market expectations for year-end adjustments and suggests that there may be further upward momentum after Trump's official inauguration in January 2025. Analysts remain optimistic and predict that the price of Bitcoin will reach $150000 to $200000 in the first quarter of 2025, depending on global liquidity and institutional fund inflows.

The impact of global central bank policies

The Federal Reserve has adopted a hawkish policy, although cutting interest rates by 25 basis points, it also implies that the magnitude of interest rate cuts will decrease in 2025, which has intensified market volatility and led to significant adjustments in both traditional and cryptocurrency markets. Inflation concerns have further increased uncertainty and raised more questions and expectations about Trump's upcoming economic policies.

At the same time, the Bank of Japan (BOJ) has chosen to act cautiously and keep interest rates unchanged at 0.25% amid increasing economic uncertainty. However, potential interest rate hikes in the future are still a key factor that needs to be closely monitored, as they may disrupt market liquidity and the flow of funds for arbitrage trading.

AI Agents: The Transformational Innovation of Web3

AI Agents The discussion frenzy gradually heated up in the fourth quarter of 2024 and further solidified its position in the market in December. These AI Agents have transformed from concept hype to practical functional frameworks, and have even launched consumer facing applications. CoinEx In their report "AI Agents in the Crypto World: The Revolutionary Evolution from Web2 to Web3," the research team discussed in detail its technical architecture and investment potential. It is expected that this theme will continue to dominate the Web3 field in 2025, creating new growth opportunities for the market.

Expansion of Hyperliquid Ecosystem

Hyperliquid has become a leader in the on chain derivatives market, achieving exponential growth in the fourth quarter of 2024. Its token price soared from $6 to $27, and broke through $35 at its peak, achieving a 3.5-fold increase. During this period, the token price even exceeded $35, driving the fully diluted valuation (FDV) to $35 billion, demonstrating its strong fundamentals and community support. This ecosystem has attracted high-profile projects such as Solv Protocol, further enhancing the attractiveness of its initial token offering (TGE). In addition, its subsidiary tokens such as HFUN also performed well, rising 360% in the fourth quarter.

Stablecoins: The Pillar of Liquidity

Stablecoins continue to maintain a strong liquidity structure, with inflows in December approaching $13 billion. Despite the volatility of Bitcoin and the adjustment of the altcoin market, the entry of new investors has maintained strong growth in stablecoins. This healthy liquidity structure supports the current bull market and suggests that a wave of altcoin season may arrive in 2025.

Outlook for 2025

The cryptocurrency market concluded with strong performance in December, laying the foundation for its potential in 2025. Investors should continue to pay attention to central bank policies, changes in liquidity, and the development of emerging trends such as AI agents and on chain derivatives.

About CoinEx

CoinEx Established in 2017, it is a global cryptocurrency exchange dedicated to making cryptocurrency trading easier. The platform provides a range of services, including spot trading, leveraged trading, futures, swaps, automated market makers (AMMs), and financial management services, serving over 10 million users from more than 200 countries and regions.

CoinEx The research department has always been committed to providing in-depth analysis and insights to help investors understand the complexity and opportunities in the constantly evolving cryptocurrency market.

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