Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#XmasWithGatePost
Today's Bitcoin development (December 24, 2024) shows a quite fluctuating price with an overall bullish trend throughout 2024. Here are the key points:
1. Current Price: Bitcoin is currently trading around $96,795. However, analysts estimate that the price could again surpass $100,000 if it manages to turn the resistance level of $99,588 into support.
2. Driving Factors: Institutional adoption, including increased participation in Bitcoin-based ETFs, has increased demand. However, this week's ETF outflows (totaling $458 million) indicate profit-taking actions.
3. Market Sentiment: Big investors (whales) continue to accumulate Bitcoin, with an additional approximately 63,922 BTC in November. This trend is expected to trigger further rally.
4. Risks and Resistance: There is a risk of selling pressure if the price approaches resistance around $105,000. If this pressure occurs, the price could drop to the support level of $88,986.
Investors are advised to remain cautious as the crypto market is still very volatile.