XRP price saw a dramatic surge following the announcement of Securities and Exchange Commission (SEC) Chairman Gary Gensler…
The date and details of one of the most anticipated altcoin airdrops in the cryptocurrency market have begun to be announced. Continue Reading: Much Anticipated Airdrop’s Distribution Date Has Been Announced: Here’s All You Need to Know
Bitcoin (BTC) jumped beyond $99,000 on Thursday, setting a new milestone before easing slightly. The milestone comes on the heels of substantial political and market events that have increased investor trust in digital assets. Related Reading: Bitcoin Barrels Close To $98,000—Is The $100K Barrier Next? Rumors of Securities and Exchange Commission (SEC) Chair Gary Gensler’s departure, as well as Donald Trump’s prospective crypto-friendly policies, have fueled the crypto space’s excitement. Inspired by hope for a possible change in US financial policy, Bitcoin surged to $99,126 from a dismal beginning of the session. Investors still think $100,000 is in the cards particularly considering the rise in cryptocurrencies approximately 40% following Trump’s anticipated re-election win earlier this month. A Pro-Crypto Administration? Reports show that the government of Trump is considering the creation of the first crypto policy job, which may turn around how regulations are taken. Many think that the SEC will become more open-minded after Gensler leaves, which has been a bone of contention for long among the crypto community. On January 20, 2025 I will be stepping down as @SECGov Chair. A thread 🧵⬇️ — Gary Gensler (@GaryGensler) November 21, 2024 Galaxy Digital’s CEO, Mike Novogratz, expressed hope about this change, noting that the Trump team’s energy is very different, that they are pro-crypto, pro-blockchain, and sees the promise Bitcoin brings. He claimed the government’s desire in building a national Bitcoin stockpile and giving blockchain innovation top priority will help to empower the market even more. Corporate Moves Add Fuel The Financial Times has reported that Trump Media & Technology Group (DJT) is in talks to acquire Bakkt, a cryptocurrency exchange. This possible collaboration might bring cryptocurrency into a larger technological framework, making it more accessible and widespread. Such developments add to the larger story of institutional adoption, which was a crucial driver in prior bull cycles. The market’s reaction shows a rising view that Bitcoin is prepared to play a larger role in both the private and public sectors under favorable regulations. #Bitcoin looks like it did in December 2020. Even the RSI is nearly identical. If true, $BTC will go to $108,000, drop to $99,000, and bounce to $135,000! pic.twitter.com/hsIBWBVGnl — Ali (@ali_charts) November 20, 2024 Analysts Predict New Highs Meanwhile, crypto expert Ali Martinez said the current rise of Bitcoin has strong similarities with its rise in late 2020. Research from this analyst postulates that Bitcoin will increase up to $108,000 before dropping down to $99,000 and then increase to $135,000. Related Reading: XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High Important data including daily active addresses—which topped 475K—and higher social volumes of 380K support this projection. These trends mirror the 2020 breakout when Bitcoin more than doubled within a few weeks. Following Gensler’s resignation, Bitcoin’s course may be determined by the position taken by his successor. A pro-crypto leader may encourage uptake and propel Bitcoin above $100,000, paving the way for a prolonged bull run. However, changes in regulations and market attitude will be important factors. Featured image from DALL-E, chart from TradingView
In less than a year since their launch, BTC ETFs have defied expectations and achieved new milestones.
Cardano (ADA) is gaining momentum as it inches closer to the crucial $1 mark, driven by heightened investor enthusiasm and a surge in market activity. The digital asset has seen
Gains Network has started operating on the Polygon network. They are currently working on gTrade. Continue Reading: How to Buy Gains Network (GNS) Coin? The post How to Buy Gains Network (GNS) Coin? appeared first on COINTURK NEWS .
BONK sets sights on PEPE's market dominance as Dawgz AI rises with innovative staking and presale success. #partnercontent
BONK sets sights on PEPE's market dominance as Dawgz AI rises with innovative staking and presale success. #partnercontent
See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a $136M presale milestone. Read original article on coincu.com
CatSlap has surged by 1,835%, positioning itself as the next Mog Coin or Popcat. #partnercontent