I like crypto, and I like the idea of decentralization BUT I get overwhelmed with the necessary steps associated with it. Specifically, the technical jargon. Like why is it so difficult to convert to USD when I need money? What the hell are gas fees? Proof of work vs proof of stake? Why does that…
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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
Cboe Global Markets, Inc., announced plans to launch the first cash-settled options product linked to spot bitcoin, effective Dec. 2. The new offering seeks to enhance access to cryptocurrency derivatives for investors. New Bitcoin Options to Launch on Cboe Platform According to the announcement, the new product will be exclusively traded on the Cboe Options […]
please explain to me like im 5. totally new to all these. i see a lot people talking about web 3 games where you can play to earn certain coins. who gives you those coins, why would they give you those coins, what type of coins, and why how do you decide what coins are…
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submitted by /u/sadiq_238 [link] [comments]
Mog Coin (MOG) is one of the market’s top performers right now. The coin has gained 22% in the past 24 hours, now just below last week’s all-time high. Meanwhile, newer cat coins like CatSlap (SLAP) are also impressing – with many traders believing SLAP could be about to take the market by storm. Mog […]
I got error once I try to unstake via trustwallet, any advice? submitted by /u/Medical-Health-6914 [link] [comments]
I am looking to buy ETH and I don’t know a good place to buy these days. I don’t want to pay a lot in fees. I’ve tried Coinbase and Venmo, but they seem a little high. Where’s the preferred platform to buy ETH these days that has low fees? TY! submitted by …
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On Thursday, the XRP price soared to $1.41, marking its highest trading value in over three years. This surge coincides with a shifting regulatory landscape in the United States, spurred by the anticipated administration of President-elect Donald Trump. During his campaign, Trump pledged to position America as the “crypto capital of the world,” a promise that is beginning to resonate with market participants even before his inauguration on January 20, 2025. Gensler Sets Last Day At SEC For January 20 In recent weeks, the cryptocurrency market has seen a notable uptrend, with Bitcoin leading the charge and achieving consecutive all-time highs. This momentum is in part a response to the positive sentiment surrounding Trump’s pro-crypto promises, which is expected to facilitate a more favorable environment for digital assets. Related Reading: FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors Central to this optimism is the expected departure of Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC). Gensler has been criticized for fostering an unclear regulatory environment that many argue has stifled the growth of cryptocurrencies in the US. For XRP and Ripple Labs, this scrutiny has been particularly pronounced over the past four years under the Biden administration. Trump previously vowed to remove Gensler from his position, a move that many in the crypto community view as a necessary step toward clearer regulations. Yet, on the same day as Trump’s anticipated inauguration, Gensler confirmed that January 20, 2025, will be his last day at the SEC. His resignation preempts what many experts speculated could be a contentious conflict if he remained in office while Trump sought to replace him. XRP Price Surges Nearly 30% In 24 Hours This shift in the regulatory landscape in the US has contributed to a clearer outlook for digital assets, as reflected in XRP price movements. In the past 24 hours alone, XRP recorded gains of nearly 30%, and over the past week, it has increased more than 70%. Crypto analyst Ali Martinez recently shared his views on X (formerly Twitter), stating that Gensler’s exit could be highly beneficial for both Ripple Labs and the XRP price, which he believes is now targeting $2. Related Reading: Ethereum Sees Neutral Netflow On Binance: What Does This Signal? Another analyst, CrediBull, echoed this sentiment, noting that XRP’s monthly Relative Strength Index (RSI) is approaching overbought territory for the first time in three years. The analyst emphasized that a higher RSI typically indicates stronger momentum and bullish prospects for the asset, absent any bearish divergences. CrediBull suggested that the next significant target for XRP is $2, with aspirations for new all-time highs thereafter. Currently, the token’s all-time high stands at $3,040, which was reached nearly seven years ago in January 2018. This means that the XRP price could be in for a massive 150% uptrend in the coming months. Featured image from DALL-E, chart from TradingView.com
