Welcome to our 201st issue of State of the Market, where we provide an overview of crypto market activity from December 5 – December 11, 2024.
This week in crypto markets:
- The appointment of David Sacks as the U.S. administration’s new AI and crypto czar signals a focus on shaping digital asset regulation and policy to secure America’s competitiveness in these critical sectors.
- MicroStrategy has significantly increased its Bitcoin holdings, now totaling 423,650 BTC worth nearly $42 billion, reflecting the growing corporate embrace of cryptocurrencies as a hedge against inflation.
- El Salvador is nearing a deal with the IMF that would involve modifications to its Bitcoin law, highlighting the ongoing negotiations between governments and international financial institutions regarding the role of digital assets.
Brought to you by coinmetrics.io
