Announcements Gate Research: Ethereum Up 5% as Market Rebounds, BIO Protocol Reveals New Roadmap

Gate Research: Ethereum Up 5% as Market Rebounds, BIO Protocol Reveals New Roadmap

2024-12-24 10:01:01 UTC 20586 Read

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Gate Research Daily Report: ETH has bottomed out and rebounded, with its price rising by 4.93% over the past 24 hours; Bitcoin remains weak with slight price fluctuations and a small decline. Former President Trump announced that former football player Hines will serve as the Executive Director of the Presidential Advisory Committee on Digital Assets. Total BTC options open interest has fallen to $38.88 billion, with $20 billion worth of options set to expire on December 27th. The DeSci protocol Bio Protocol has released its roadmap for Q1 2025. The dYdX community has voted to approve a $4 million DEP funding plan. Avalon Labs, a company focused on the Bitcoin DeFi ecosystem, completed a $10 million Series A funding round. The decentralized stablecoin issuance platform Usual also raised $10 million in a Series A funding round.

![](https://gimg2.gateimg.com/image/article/1735049711twi_en.webp)

**Market Analysis**: ETH has rebounded from its recent low, gaining 4.93% in the past 24 hours. Meanwhile, Bitcoin remains weak with slight price fluctuations.
**Top Performers**: The top-performing altcoins in the past 24 hours are ARC, GOUT, and LUNAI, with increases of 51.40%, 46.71%, and 44.58%, respectively.
**Data Highlights**: The total cryptocurrency market cap has dropped to $3.41 trillion, while open interest in BTC options across the network has fallen to $38.88 billion.
**Spotlight Analysis**: Former U.S. President Donald Trump has appointed former football player Hines as Executive Director of the Presidential Advisory Council on Digital Assets.
**Market Opportunities**: Avalon Labs, focused on developing the Bitcoin DeFi ecosystem, aims to transform Bitcoin from a traditional digital store of value into a more functional financial tool. The company has recently completed a $10 million Series A funding round.

Explore today's details 👉🏻  <a href="https://www.gate.io/learn/articles/gate-research-ethereum-up-5-as-market-rebounds-bio-protocol-reveals-new-roadmap/5227?ch=GDR_ann_20241224&utm_campaign=TR_xkZEujoW&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank" title="Gate Research: Ethereum Up 5% as Market Rebounds, BIO Protocol Reveals New Roadmap">Gate Research: Ethereum Up 5% as Market Rebounds, BIO Protocol Reveals New Roadmap</a>

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Gate.io Team
December 24th, 2024

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