XRP Leads Altcoin Rally As HYPE Airdrop Breaks Records

Airdrop Article Audio BTC +7 more

Key Takeaways

  • Bitcoin (BTC) failed to surpass $100,000 despite MicroStrategy and Marathon buying more than $2B worth of BTC in recent days.
  • When measured against BTC, altcoins had one of their strongest weeks of the year. The standout performer was XRP, which nearly doubled in value over the past week.
  • The market is every chance to consolidate for at least a few weeks after such an aggressive rally. However, we still believe the market is poised for higher highs in 2025.
  • Hyperliquid (HYPE) executed the largest airdrop to date. At one stage, the median average of the HYPE airdrop was worth $30,000 USD.

Important upcoming macro dates:

  • Dec. 6: U.S. jobs report. Payrolls expected to increase by 175K.
  • Dec. 18: U.S. interest-rate decision and Fed Chair Powell’s press conference

00:00 Intro & market update

02:55 ETH ETF flows

5:05 MicroStrategy Microsoft pitch

9:15 U.S government moves Bitcoin & Bitcoin reserve bills

13:35 Are we seeing local top signals?

20:00 Altcoin news

31:10 Over- & under-appreciated