The Gemini Blog

Weekly Market Update

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WEEKLY MARKET UPDATE

DEC 12, 2024

Bitcoin Breaks $100K Again, Amazon Eyes Crypto Reserve, and Ripple Receives Approval for Stablecoin

While Amazon shareholders pushed for a bitcoin allocation, Ripple’s stablecoin received approval from regulators

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WEEKLY MARKET UPDATE

DEC 05, 2024

Bitcoin Pushes Past $100K, Ripple Surpasses Tether by Market Cap, and Trump Names Pro-Crypto SEC Chair

The price of bitcoin pushed past $100,000 and Ripple became the third largest cryptocurrency by market cap

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BTC Rebounds

WEEKLY MARKET UPDATE

NOV 27, 2024

MicroStrategy Continues Buying Spree, Cantor Fitzgerald Eyes $2B Bitcoin Lending Program, and BTC Price Hits $100K Wall

Microstrategy added another 55,000 to its balance sheet, but the price of bitcoin pulled back early in the week before rallying Wednesday.

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WEEKLY MARKET UPDATE

NOV 21, 2024

Bitcoin Hits All-Time High After BTC ETF Options Debut, Memecoins Make Moves, and MicroStrategy Continues To Surge

Bitcoin hit another all-time high this week after the debut of options trading for IBIT and more buying from MicroStrategy.

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MORE WEEKLY MARKET UPDATE STORIES

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WEEKLY MARKET UPDATE

NOV 14, 2024

Bitcoin Rockets Higher, ETH ETFs Log Record Inflows, and Dogecoin Continues to Pump on Musk’s Appointment

While the price of bitcoin reached new highs, FTX moved to sue Binance for $1.76 billion

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WEEKLY MARKET UPDATE

NOV 07, 2024

Crypto Prices Rally After US Election Results, Federal Reserve Cuts Rates

Bitcoin broke through the $76,000 mark this week after US election results.

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WEEKLY MARKET UPDATE

OCT 31, 2024

Bitcoin Approaches All-Time High, Florida Eyes Bitcoin Reserve, and NBA Top Shot Sales Surge

Bitcoin broke through the $73,000 mark earlier this week but pulled back on Thursday

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WEEKLY MARKET UPDATE

OCT 24, 2024

US Spot Bitcoin ETFs Reverse Inflow Streak, Tether Hits New Heights, and Bitcoin Price Approaches $70K

Tether hits a bullish new market cap, and Binance exec Tigran Gambaryan was released from prison.

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WEEKLY MARKET UPDATE

OCT 17, 2024

Crypto Records ‘Uptober’ Bump, Mt. Gox Delays Bitcoin Repayment, and Spot BTC ETF Inflows Rally

Spot bitcoin ETFs saw their highest inflow levels since June, and Australia appears ready to launch first spot ether ETF

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WEEKLY MARKET UPDATE

OCT 10, 2024

New HBO Documentary Hints at Identity of Bitcoin Inventor, Crypto Pulls Back Amid Elevated US Inflation Numbers

Crypto.com sued the SEC and crypto prices pulled back on sticky inflation data.

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WEEKLY MARKET UPDATE

OCT 03, 2024

Global Crypto Funds See 10-Week High, but Bitcoin Falls Amid Conflict in Middle East

Cryptocurrencies got off to a tough start in October thanks in part to Israel’s ongoing conflict with Iran

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WEEKLY MARKET UPDATE

SEP 26, 2024

BlackRock’s Spot Bitcoin ETF Receives Green Light for Options Trading, Crypto Moves Higher, and Congress Grills SEC Head Over SAB 121

Republican lawmakers pushed back on controversial SAB 121, while crypto investment products saw an uptick in interest.

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WEEKLY MARKET UPDATE

SEP 19, 2024

Crypto Markets Rally Following Federal Reserve’s Big Rate Cut

The Federal Reserve opted to lower the federal funds rate by a half-percentage point, and crypto markets responded by pushing higher.

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