Todays Top Stories

Editor: @GreenCandleJack

Six-day Trump induced buying spree slows down

After six days of nonstop bullish momentum snowballing the total Bitcoin Spot ETF trading to half a trillion dollars — including yesterday’s impressive $5 billion trading volume — today marks the first day of negative ETF inflows, with $400 million in outflows over the past 24 hours. This drop could be attributed to hawkish comments by Fed Chair Powell, who cast doubt on the December rate cut that the market had already assumed was a certainty.

Many traders believe Bitcoin needed to take a breather from the recent surge in upward volatility. As such, the slight drop and sideways movement come as a welcome test of the current structure. This aligns with a dual sentiment: long-term bullishness but short-term caution, as some exuberance may have crept in. Miners appear to be selling small positions, while market indicators still show room for further gains.

With bullish news continuing to dominate headlines, particularly in relation to the incoming Trump administration, the general sentiment remains that the Bitcoin bull train won’t pause here for long. A recent poll reinforces this optimism.

Additionally, rumors are swirling that SEC Chair Gary Gensler may step down sooner rather than later. The anticipated Trump administration is already packed with Bitcoin advocates and has appointed Matt Gaetz as U.S. Attorney General, a known crypto supporter who champions deregulation of the industry.

And, of course, there’s Michael Saylor — a steadfast proponent of Bitcoin to take learnings from. Think long-term, don’t stress over day-to-day fluctuations and enjoy improved mental health.

Not only are their rumors of Gary Genselr stepping down sooner rather then later. The coming trump administration is alrady overloaded with bitcoin bulls and added Matt Gaetz as U.S. Attorney General — a Bitcoin and crypto advocate who supports deregulation of the industry.

And of course… There is always Micheal Saylor. Think long-term, don’t stress the day-to-day and stay mentally healthy doing it.

Daily Alpha | NatCat the CryptoPunk of BTC?

The Digital Matter Theory (DMT) sub-ecosystem has experienced a mixed trajectory. From moments of absolute exuberance and attention, leading to NatCats trading with top volume and sparking the creation of numerous other DMT collections, the concept now seems to be struggling to capture attention. In my personal opinion, DMT projects still offer a unique, creative, and powerful way of combining art, mathematics, and Bitcoin.

The first project to emerge using this unique framework, NatCat, could potentially become a grail collection if either the broader DMT concept or the collection itself manages to break back into the crypto spotlight.

Bito Ordileone created a wonderful infographic comparing NatCats to CryptoPunks on Ethereum, which we’ve shared here (including a minor correction to the original that showed an incorrect floor price for NatCats). CryptoPunks have recently seen impressive growth over the past seven days, possibly driven by Bitcoin’s recent price movements.

A comparable project, The Royals, which I personally like for its visual simplicity, style, and implementation of DMT, managed to receive a shout-out during DevCon 2024, which might explain today’s bullish price movement.

Daily Alpha | Kraken Lists Rune Perpetuals

Kraken listed Perpetuals for Runes yesterday, which means that tokens listed on the platform, including $DOG, are now available for perpetual trading. The key question is whether this centralised futures trading will have any significant effect on $DOG, potentially breaking it out of its recent slow and mostly stagnant price movement, while other Runes have surged.

If it does, we might finally have an answer to the eternal question of cosmic importance: “Who let the dogs out?”

Daily Bites

Todays Markets

Ordinals

Today brings a mix of red and green, with the usual suspects at the top and no significant new mints entering today’s top 10.

Bitcoin Puppets make a solid 9% jump forward, while Nodemonkes drop another 5%, further widening the gap between these two top contenders. Speaking of dogs, Runestone secures the third spot with a respectable 5% gain.

After yesterday’s entry into the Top 5, Inscripedia is absent from today’s top 10, as is common with many new projects. However, for those who minted, we all know Jiurn is an OG and committed to the long term, so this temporary absence is unlikely to affect Inscripedia’s expected progression.

Quantum Cats continue to be the “stablecoin” of ordinal projects, showing remarkable consistency, while Based Angels lose 9%, giving back some of yesterday’s impressive 13% gain.

OMB slips further with a 4.6% drop, but in contrast, Pizza Ninjas make a welcome return to the top 10 by volume with a beautiful 11.1% price increase. Pizza Ninjas had not benefited from last week’s liquidity bump, losing value in BTC and against peers, so this upward correction is a welcome sign for holders — and I know we have many.

Frogs and Bitmap make minor 1% moves, and unfortunately, Bitcoin Wizards close the top 10 with an almost 8% loss for the day.

Runes

Both the total Runes market cap and volume are up today, reflected in generally green numbers across the board.

Dog leads the chart with an impressive 23% gain, possibly sparked by the previously discussed Perps listing on Kraken. This is a welcome sight for long-term Dog believers, who had seen its price lose traction over the last few weeks, especially compared to other Runes like Pups. Pups also had a strong day with a 9% increase, though not quite as strong as Dog, helping Dog maintain its lead as the top Rune — for now.

AI Satoshi, embodied in the Cypher Genesis, closes out the top three with a solid 15% upward move today. Cypher Genesis has been very strong over the last few days, and it’s great to see it not only hold steady but continue to climb.

Gimzo, which has performed phenomenally in recent weeks, is experiencing a slight pullback today, similar to yesterday. However, with its massive gains since mint, the vast majority of holders are still sitting on significant profits.

RSIC sees a minor green day, partially recovering from its 3% loss yesterday.

Yesterday’s mint, Smith AI Agent, is making a splash with a staggering 110% gain today, as AI coins continue to enjoy strong support from the market.

Billy drops 2%, finding itself lower on the volume leaderboard compared to its usual position. Meanwhile, Bitcoin Bro Bear and Tanuki Wisdom post strong double-digit gains, adding to the day’s positive sentiment.

A newcomer, The Bitcat Rune, is currently minting and pushing fees into the 110–125 sats/vB range, following an unfortunately timed 42-minute block. Let’s see where it lands on tomorrow’s leaderboard.

Todays Opportunities

Minting This Week

No more mints this week. Check back after the weekend to find a fresh list of hyped mints the ExtraOrdinal community had the opportunity to win access to.

Giveaways

Currently, there are no active raffles ongoing. However, more giveaways are expected soon, so join the Discord below and make sure you have notifications on so you don’t miss out when the next ones go live!