Jaime Lizárraga will resign from the SEC in January 2025. His departure signals significant changes in SEC leadership dynamics. Continue Reading: Jaime Lizárraga Announces Departure from SEC Position The post Jaime Lizárraga Announces Departure from SEC Position appeared first on COINTURK NEWS .
Bitcoin ( BTC-USD ) is set to rise 8.3% on a weekly basis, as the cryptocurrency continues to see a meteoric rise after Donald Trump's win in the U.S. presidential election. The world's oldest cryptocurrency has risen ~41% since the U.S. Election Day. Bitcoin ( BTC-USD ) is becoming one of the most prominent "Trump trades" in the aftermath of the 2024 election, and has been hovering around the $100K mark since Thursday. Back on the campaign trail, now President-elect Donald Trump jumped on the crypto bandwagon, with promises to create a Bitcoin Strategic Reserve, fight CBDCs, and defend the right to self-custody. "Crypto has by far been the hottest asset class following Trump's election, with BTC rocketing to record highs above $90k and outpacing even its levered Nasdaq brethren. Gains have been led primarily in the U.S. hours as mainstream participation has been increasing from the U.S., with spot ETF seeing dramatic inflows with BTC gaining +1.7B, and ETH adding +500M on a weekly basis," said Augustine Fan, Head of Insights, SOFA. We feel that the 'easy' part of the rally has been done and the next stage will be much trickier with more price choppiness and potential for drawdowns, Fan added. The cryptocurrency has traded nearly above the $90K mark in the week. "Bitcoin’s price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom," Seeking Alpha analyst Dean Popplewell . ETF inflows have approached $2 billion in three days, further boosting Bitcoin’s rally, Popplewell added. Past bull runs suggest buying the breakout is more favorable than waiting for a significant pullback, as the current price offers the next best profit-risk profile, said Seeking Alpha analyst Made Easy - Finance . BTC touched its fourth consecutive record high at $99.4K on Friday. Notable News MicroStrategy ( MSTR ) slumped 16.2% to $397.28/share on Thursday, reversing earlier gains that saw shares rise nearly 15%, after activist short seller Andrew Left's Citron Research bet against the "overheated" stock. BTIG analyst Andrew Harte is praising MicroStrategy's ( MSTR ) plan announced at the end of October to raise $42B of capital over the next three years to buy more Bitcoin ( BTC-USD ). Charles Schwab ( SCHW ), one of the largest U.S. brokerage firms, is mulling whether to enter spot crypto trading, though it's holding off until regulators establish clear guidelines for the emerging market, Rick Wurster, the firm's president, told Bloomberg Radio. Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission, is emerging as a frontrunner for the newly proposed "crypto czar" role, a position under consideration by Trump's transition team to focus on crypto policy. Trump's team of advisers is holding talks with the digital asset industry about whether to form a new White House position focused on cryptocurrency policy. Bitcoin ( BTC-USD ) rose as high as $94.6K Wednesday morning, the day after options tied to a bitcoin ETF started trading. Trump reportedly met with Coinbase ( COIN ) CEO Brian Armstrong. Trump's social media company, Trump Media and Technology ( DJT ), was reportedly in advanced talks to acquire the crypto trading venue Bakkt ( BKKT ) in an all-stock deal. Bitcoin, Ether prices Bitcoin ( BTC-USD ) up 1.6% to ~$99.5K at 3:09 pm on Friday. Ether ( ETH-USD ) fell 2.4% at $3.3K. More on crypto VanEck Mid-November Bitcoin ChainCheck Bitcoin scales another all-time high in wake of IBIT options debut This is the level Bitcoin would have to reach under Trump to match Biden and his prior term Galaxy CEO: There will be a correction in Bitcoin, but $100k is ‘inevitable’ SA Sentiment: Should the U.S. create a Strategic Bitcoin Reserve?
Key Takeaways: In December 2023, ORDI became the first BRC-20 token to breach $1 billion in market capitalization. Following this achievement, ORDI gained attention from DeFi enthusiasts for its role in innovation. The Ordinals protocol allows data to be embedded directly on Bitcoin’s smallest unit—the Satoshi. ORDI was the first token inscribed on the Ordinals
Top crypto traders highlight 3 coins with explosive growth potential for 2025. #partnercontent
Top crypto traders highlight 3 coins with explosive growth potential for 2025. #partnercontent
The post Polymarket Blocks French Users Amid Regulatory Scrutiny appeared first on Coinpedia Fintech News Polymarket, the blockchain-based prediction platform, has blocked users in France following an investigation by the French gaming regulator, Autorité Nationale des Jeux. The restriction prevents users in France from placing bets or trading on Polymarket, though the platform remains accessible in a view-only mode. The move comes amid scrutiny over the platform’s compliance with French …
XRP has surged in recent weeks, gaining significant ground as it approaches its all-time high of $1.9669, driven by a bullish market sentiment. Market data reveals that XRP has experienced
Bitcoin has reached new all-time highs for four consecutive days, hitting $99,500 just hours ago. The relentless surge has fueled extreme bullish sentiment in the market, with investors eagerly anticipating Bitcoin’s historic breakthrough of the $100,000 mark. However, on-chain data suggests that the rally may face challenges as signs of profit-taking emerge. Related Reading: Ethereum Consolidation Continues – Charts Signal Potential Breakout Key insights from CryptoQuant reveal that Long-Term Holders (LTHs) are actively spending their Bitcoin, capitalizing on profits exceeding 350%. This behavior indicates that some seasoned investors are beginning to lock in gains after the aggressive uptrend. Whale activity and profit-taking by LTHs could temporarily slow the rally, potentially triggering a consolidation phase before the next leg up. While Bitcoin remains shy of the six-figure milestone, the market closely examines whether it can sustain its momentum or if a pullback is imminent. Consolidation at these levels could provide the foundation for BTC to reclaim its bullish trend and break through the psychological $100,000 barrier. Bitcoin Rally Seems Unstoppable Bitcoin has surged an impressive 45% since November 5, displaying relentless upward momentum that appears unstoppable. Despite increasing selling activity, demand continues to support the price, driving Bitcoin to new highs and maintaining its bullish trajectory. Market participants are now closely watching for potential signals of a slowdown or correction as BTC pushes deeper into uncharted territory. CryptoQuant analyst Axel Adler recently shared X data highlighting a significant trend among Long-Term Holders (LTHs). According to Adler, LTHs are actively spending their Bitcoin, capitalizing on profits exceeding 350%. This marks a critical juncture, as these holders are often regarded as market stabilizers, and their selling activity could indicate potential shifts in sentiment. Adler further notes that if Bitcoin’s price surpasses $119,000, LTH profits would soar to over 500%. Such extraordinary profit levels could trigger a wave of selling pressure, potentially leading to the first major correction after this unprecedented rally. However, he emphasizes that predicting an exact price point for a correction remains speculative, as no definitive threshold exists to determine when LTHs might overwhelmingly exit their positions. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks While the rally shows no signs of slowing down, this dynamic between demand and LTH profit-taking underscores the importance of monitoring market behavior. Traders should remain cautious as Bitcoin’s rapid ascent unfolds. BTC About To Reach $100K Bitcoin trades at $98,600, less than 2% from the highly anticipated $100,000 mark. This psychological level is expected to be a significant supply zone, with many investors closely watching price movements around this milestone. Recent “only up” price action has left little room for traders to buy at lower levels, frustrating those who hoped to accumulate during dips. If Bitcoin holds above the crucial $93,500 support level in the coming days, market sentiment suggests a powerful surge above $100,000 could follow. Breaking this barrier would likely usher in further bullish momentum, pushing Bitcoin into uncharted territory and fueling optimism for additional gains. However, failure to maintain support at $93,500 could trigger selling pressure, leading to a price pullback. In such a scenario, Bitcoin might test lower demand zones, with $85,000 and $80,000 identified as key levels to watch. These zones could provide new accumulation opportunities for investors looking to capitalize on price corrections. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed As Bitcoin approaches this historic level, the next few days will determine whether the market sustains its bullish trend or enters a consolidation phase. Traders and investors should remain vigilant as BTC navigates this critical juncture. Featured image from Dall-E, chart from TradingView
Big Surge Incoming For SHIB & TRX? Experts Pick This New Crypto Coin to Mirror It The post Big Surge Incoming For SHIB & TRX? Experts Pick This New Crypto Coin to Mirror It appeared first on TheCoinrise.com .
XRP is now closer to its all-time high than at any point in the past three years, driven by a remarkable rally.