Announcements Gate Research: Bitcoin Price Hits New High; Hyperliquid TVL Up 28%, Jumps to 6th Place

Gate Research: Bitcoin Price Hits New High; Hyperliquid TVL Up 28%, Jumps to 6th Place

2024-12-16 10:27:44 UTC 19165 Read

[//]:content-type-MARKDOWN-DONOT-DELETE

**Gate Research Daily Report**: On December 16, the price of BTC rose by 2.85% in the past 24 hours, with the current price reaching $104,615.7, continuing to set new ATH. Ethereum ETFs saw a net inflow of $855 million last week, marking a new record for weekly inflows. The Hyperliquid network's TVL (Total Value Locked) reached $4.401 billion, surpassing the Base network. Pump.fun has accumulated over $300 million in revenue, with a total token issuance of approximately 4.67 million. The FASB's fair value accounting rules have been implemented, accelerating the arrival of the era of corporate Bitcoin reserves. DWF Labs, in collaboration with the Abu Dhabi Blockchain Center, is driving the development of the Web3 ecosystem in the MENA region.

![](https://gimg2.gateimg.com/image/article/1734366344_1216_en_2x.webp)

**Market Analysis**: BTC has increased by 2.85% in the past 24 hours, currently priced at $104,615.7, marking a continuous series of new all-time highs.
**Top Performers**: The leading sectors are AI Agent Launchpad, RWA Protocol, and Bitcoin Sidechains, recording gains of +8.2%, +7.3%, and +7.0%, respectively.
**Data Highlights**: Pump.fun has generated cumulative revenues exceeding $300 million, with a total of approximately 4.67 million tokens issued.
**Spotlight Analysis**: The FASB's fair value accounting rules have been implemented, accelerating the adoption of Bitcoin reserves by enterprises.
**Market Opportunities**: Perena, targeting the Solana ecosystem, is focused on solving liquidity fragmentation issues in the current stablecoin market. It offers an efficient and flexible multi-asset stablecoin exchange platform, with Swap and Pool features now available.

Explore today's details 👉🏻 [Gate Research: Bitcoin Price Hits New High; Hyperliquid TVL Up 28%, Jumps to 6th Place](https://www.gate.io/learn/articles/gate-research-bitcoin-price-hits-new-high-hyperliquid-tvl-up-28-jumps-to-6th-place/5099?ch=GDR_ann_20241216&utm_campaign=TR_IhvWlIMz&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "Gate Research: Bitcoin Price Hits New High; Hyperliquid TVL Up 28%, Jumps to 6th Place")

**Gate Research**
Gate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the [Link](https://www.gate.io/learn/category/research) to learn more

<sp>
**Gateway to Crypto**
Trade over 3,200 cryptocurrencies safely, quickly, and easily on Gate.io

• Visit our  [Official Website](https://www.gate.io/activities/gate-collaborates-with-inter-milan "Official Website")
• Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") now
• Follow us on [Gate.io X (Twitter)](https://x.com/gate_io "Gate.io X (Twitter)") to get more bonuses
• Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics
• Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates
• We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>>
• [Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from [referrals](https://www.gate.io/referral "referrals")

Gate.io Team
December 17th, 2024

Start-End Time of the Change

Rise/fall colour

Gate Research: Bitcoin Price Hits New High; Hyperliquid TVL Up 28%, Jumps to 6th Place

Gate Research: Bitcoin Price Hits New High; Hyperliquid TVL Up 28%, Jumps to 6th Place

Select language and region

Fiat Currencies