Announcements Gate Research: Bitcoin's Market Share Falls to 53.8%, Ethereum Spot ETFs See 10 Straight Days of Net Inflows

Gate Research: Bitcoin's Market Share Falls to 53.8%, Ethereum Spot ETFs See 10 Straight Days of Net Inflows

2024-12-09 09:57:02 UTC 9714 Read

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**Gate Research Daily Report:December 9** As of December 9, Bitcoin's price has been fluctuating within a narrow range around $100,000, with the market maintaining a balance between long and short positions. The total net inflow for Bitcoin spot ETFs was $377 million, while Ethereum spot ETFs saw a net inflow of $83.76 million. The "altcoin season" may have arrived, as the market capitalization of tokens other than Bitcoin and Ethereum has exceeded 30%. The total value locked (TVL) in liquidity staking protocols has reached $70.9 billion. The Cat-Themed, Privacy Coins, and The Boy's Club sectors saw changes of +7.0%, +6.2%, and +4.2%, respectively.

Trump has stated that he does not plan to replace Federal Reserve Chair Jerome Powell, and the probability of a rate cut by the Fed in December exceeds 83%. Interlace completed a $10 million Series B1 funding round, with participation from Bitrock Capital, Robinhood, and others.

![](https://gimg2.gateimg.com/image/article/1733756808en.png)

**Market Analysis**: The total net inflows into Bitcoin spot ETFs amounted to $377 million, while Ethereum spot ETFs saw net inflows of $83.76 million.
**Top Performers**: Over the past 24 hours, the most popular altcoins were DFI, IDEX, and SUPRA, which surged by 200.51%, 63.21%, and 46.36% , respectively.
**Data Highlights**: The altcoin season may have arrived, as the market capitalization of tokens other than Bitcoin and Ethereum now accounts for over 30%.
**Spotlight Analysis**: Trump has stated that he does not plan to replace Federal Reserve Chair Jerome Powell, and there is an over 83% chance of another interest rate cut by the Fed in December.
**Market Opportunities**: TalusNetwork combines AI and blockchain technology to streamline the operation of decentralized intelligent agents within networks. The platform recently launched its "Magic Season" event, where participants can complete social tasks, take part in daily rituals, and invite friends to earn points.

Explore today's details 👉🏻 **Gate Research: Bitcoin's Market Share Falls to 53.8%, Ethereum Spot ETFs See 10 Straight Days of Net Inflows**

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Gate.io Team
December 9th, 2024

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Gate Research: Bitcoin's Market Share Falls to 53.8%, Ethereum Spot ETFs See 10 Straight Days of Net Inflows

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