According to Watcher.Guru, there are only 20,000 blocks left until the Bitcoin block reward is halved. The estimated time remaining is 133 days, 7 hours, and 40 minutes, and the expected halving time is April 19, 2024.

December 6th, according to Coinglass data, in the past 24 hours, the entire network has liquidated $293 million, of which long positions liquidated $115 million and short positions liquidated $178 million.

Bit Digital, Inc. has announced its unaudited digital asset production and company updates for November 2023. The company produced 142.7 BTC in November 2023, a 24% increase from the previous month. As of November 30, 2023, the company holds 551.8 BTC and 16,064.8 ETH, with fair market values of approximately $20.8 million and $33 million, respectively.

The city of Lugano, Switzerland has announced an expansion of its payment options, allowing for the use of cryptocurrency to pay taxes, invoices, and other community fees. Starting immediately, Lugano will utilize Bitcoin Suisse to accept Bitcoin (BTC) and Tether (USDT) as payment methods for taxes and all other municipal fees through a simple and fully automated process.

According to market data, as Bitcoin has surged above $44,000, MicroStrategy's Bitcoin holdings have reached a floating profit of $2.3 billion.

The total market capitalization of the cryptocurrency market surpassed $1.55 trillion on December 5th, with Bitcoin and Ether experiencing significant weekly gains of 14.5% and 11% respectively. Bitcoin's market capitalization surpassed that of Meta, making it the world's ninth-largest tradable asset. Despite the recent bullish momentum, retail demand for cryptocurrencies remains relatively stagnant, with some attributing this to an inflationary environment and decreased interest in credit. The premium of USD Tether (USDT) in China serves as a valuable gauge of retail demand in the crypto market, as there is no dependable indicator to track retail participation in cryptocurrencies. The influx of retail participants in the current cycle remains uncertain, with existing traders potentially migrating from offshore exchanges to Coinbase rather than new enthusiasts entering the market.

Grayscale stated on X platform that Bitcoin is a digital substitute for physical gold. Bitcoin benefits from some of the factors that push up gold prices, such as a decrease in real interest rates. Grayscale analysts believe that the Fed's increase in real interest rates may suppress the price of Bitcoin, while interest rate cuts may help valuation rebound. Any signs indicating that interest rate cuts may begin relatively early next year could support the price of Bitcoin.

According to OKX market data, Bitcoin briefly surged above $44,000, currently trading at $43,560, with a 24-hour increase of 4.9%.

Market shows BTC has broken through $43,000 in the short term, currently trading at $43,003, with a daily increase of 3.37%. The market is volatile, please be prepared for risk control.

The market shows BTC breaking through $42,800 and currently trading at $42,810.5, with a daily increase of 3.32%. The market is volatile, so please be prepared for risk control.