[시황] BTC surges during the holiday season.. Ethereum leads the rise in Alt.

[출처: 두나무]

The US stock market closed higher thanks to an inflow of demand for window dressing and an additional $2000 subsidy. However, at the end of the year, profit-taking sales were opened and the increase was limited. VIX has been down to the early 20s, and market volatility has greatly reduced. The market is friendly, with fears related to the corona dwindling. Expectations for inflation are also reflected in long-term interest rates, and expectations for an economic recovery are high.

Oil prices rose on the back of $900 billion in subsidies. However, the increase was limited due to the expectation that it would be difficult to maintain OPEC+’s reduction agreement. Gold closed higher than the previous day. This appears to be due to additional stimulus measures and expectations of a weak dollar.

The trend of the corona crisis reached the highest number of travelers to New York at the end of the year, with the death toll indicators not improving in the United States. The trend of the corona spread is expected to remain for some time. Meanwhile, as the vaccine continued to be distributed, more than 2.5 million people in the United States completed vaccination. Israel is advancing the time to overcome coronavirus with more than 7% of the population completed vaccination. The UK has approved the AstraZeneca/Oxford vaccine. There is still controversy over the dosage and efficacy, but the spread of the new corona mutation is currently inconspicuous, and the UK approved it.

On the issue of conflict between the US and China, the US delisted three Chinese telecom companies in the US market. The suspicion of collusion with the Chinese military was the reason for delisting.

In the cryptocurrency market, bitcoin at the end of the year showed a boom again. After breaking through the $30,000 mark on a day, it continued to rise to $34,000, but is now showing a downward trend. It is presumed that during this rise, a large number of institutions’ purchases flowed into Coinbase. In addition, with this increase, the liquidation of short Bitcoin short positions of 100 million ran. The temporary surge due to liquidation also contributed to the rise. Meanwhile, the number of wallets with more than 1000 Bitcoins reached a record high in 1994. It appears to be due to the influx of organs. In altcoins, Ethereum is soaring, and the market is paying attention to see if it could be the starting point of the altcoin boom.

※ This article was written based on data from Fair Square Lab, a digital asset research organization. This is an investment reference only, and Joindie is not responsible for investment decisions.