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On December 3rd, the overall rebound of the cryptocurrency market was strong, with a total market value of approximately $3.15 trillion (+7%). Bitcoin (BTC) broke through the $92000 mark, driving Ethereum (ETH) back above $3000. The following are the main news points of the day, focusing on macro, regulatory, technological upgrades, and institutional trends
1. BTC rebounds to 92K+: Bitcoin has rebounded strongly from its low of 86K on December 1-2, with an increase of over 6%. Affected by the end of quantitative tightening (QT) by the Federal Reserve, the market has injected approximately $13.5 billion in liquidity. Analyst Tom Lee predicts that BTC/ETH will have the best risk return in December and may test new highs; Robert Kiyosaki warns of potential liquidity events, but overall bullish.
2. Ethereum Fusaka upgrade officially activated; The ETH mainnet Fusaka hard fork was launched today at 21:49 UTC, raising the block gas limit to 60 million (from 45 million), introducing PeerDAS data availability sampling, and improving Layer-2 scalability and mobile wallet security.
3. The current price of ETH is $3050 (+8%), and exchange reserves have fallen to a 3-year low, reducing selling pressure. CME ETH futures volume exceeds BTC, with strong institutional interest.
Market sentiment is dominant, and if ADP employment data (early December 3rd) is strong, it may further suppress. Suggest monitoring the Fed's decision on December 10th (89% probability of a 25bp rate cut).
Focus on support points: BTC89500, 92000; ETH2950、3000
Tencent Meeting: 6321551049
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.