Market dynamics on December 5th: BTC rebounds, ETH's old coins lead the rise; US stocks rise, probability of interest rate cut in December increases to 80%

I. Market Dynamics

1. BTC is rising, with ETH leading the old altcoins. The market contract rate has surged to its highest in the past six months.

2. U.S stocks are soaring, and the market expects an 80% probability of further interest rate cuts in December.

II. Market Focus

1. Public chain ETH is surging, as are old DEFI such as COMP, CRV, CVX, FXS, YFI etc. There are rumors that CRV is collaborating with American institution BlackRock. COMP's founder had previously left to establish a new DEFI protocol LEGEND.

2. Games like SAND, GALA and SLP are on the rise too. The market prefers trading older coins rather than newer ones; this trend started from 2017 and continued into 2020.

3.Previously strong currencies like XRP, HBAR, ALGO and TRX lead the decline.The smart money gradually withdraws.

4.On-chain transactions have been light; liquidity has been absorbed by CEX's old altcoins while top Shiba Inu transaction volumes have dropped to tens of millions of dollars.
   
5.MAGIC EDEN on SOL chain will be airdropped on December 10th.