MicroStrategy announces another purchase of BTC, XRP continues to rise by 20%

Intel CEO Bob Swan announced his retirement, semiconductor stocks performed strongly, and the S&P 500 and Nasdaq hit new all-time highs. MicroStrategy announced another purchase of BTC, and founder Michael Saylor recently prepared a three-minute speech for Microsoft's board of directors and CEO Satya Nadella, advocating for the company to consider investing in BTC. BTC and Ethercoin saw a slight decline yesterday, and Ripple's XRPcoin (XRP) remains the best performer among the top ten cryptocurrencies by market capitalization, rising another 21% yesterday, possibly driven by the potential issuance of its stable coin RLUSD.

Entering December, what is the market focusing on?

As the market officially enters the last month of the year, in addition to waiting for important economic data, investors are also actively evaluating which important areas to focus on in the Trump 2.0 era.

(Cathie Wood: Trump's loose regulation will drive the stock market up, need to grasp Crypto Assets and AI)

Trump warns BRICS countries that if they dare to 'ditch the US dollar', a 100% tariff will be imposed. The US dollar is rising and the gold price is falling. Trump's previous threat to impose huge new tariffs on Canada, Mexico, and China has kept the market on alert.

(Trump warns BRICS countries not to try to get rid of the US dollar. Is it that easy to de-dollarize?)

This Friday will release the US non-farm payroll report for November, providing important guidance for the last Intrerest Rate policy meeting of the year (12/18). Currently, the market generally believes that the Fed will maintain a gradual rate cut stance. 76% of traders believe that the Fed will cut interest rates again in December, lowering the benchmark Intrerest Rate to 4.25%~4.5%.

MicroStrategy buy BTC again

MicroStrategy, a self-proclaimed BTC development company, announced yesterday that it will spend $1.5 billion to purchase 15,400 BTC, with an average cost of $95,976 per BTC, and achieve a BTC yield of 38.7% quarter-to-date and 63.3% year-to-date. As of December 2, 2024, MicroStrategy acquired 402,100 BTC at a price of approximately $23.4 billion, with each BTC priced at around $58,263.

Founder Michael Saylor recently prepared a three-minute speech for Microsoft's board of directors and CEO Satya Nadella, advocating the company to consider investing in BTC. And calculated that if Microsoft fully invested in BTC, its market cap could increase by nearly $5 trillion, and its stock could rise to $584.

(MicroStrategy's Michael Saylor urges Microsoft to implement BTC reserve strategy, Market Cap expected to increase by 5 trillion pounds)

XRP pump 20%, AVAX, ADA also rise

BTC and Ethercoin both experienced a slight decline yesterday. Among the top 10 cryptocurrencies in terms of market capitalization, XRP from Ripple still performed the best. In addition to the expected resolution of SEC regulatory concerns, the issuance of Ripple's Stable Coin RLUSD has also attracted attention. XRP continued to rise by 21% yesterday, and its market cap even surpassed USDT, reaching 155.2 billion US dollars.

(Stablecoin RLUSD helps XRP soar, any chance of XRP ETF listing next year?)

The well-established public chain Token ADA and AVAX, both based on the Trump effect, continue to rise, with performances of 4% and 13% in the past 24 hours.

Data Source: CoinGecko

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