2024-12-17 17:55:10
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The Forces Behind Bitcoin's Record Surge
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The Street
Bitcoin at $97K: A Black Friday Reminder of Meteoric Rise and Crypto’s Unstoppable Momentum
Cryptocurrencies & blockchain
Finance
Economy
Technology
On Black Friday, bitcoin is trading over $97,000, up from $0.27 in 2010 and $17,000 in 2020, achieving unprecedented milestones. A U.S. court ruled against Tornado Cash sanctions, finding OFAC exceeded its authority and reigniting debates over privacy and regulation. Bitmain mining devices face delays at the FCC's request, causing financial strain, due to concerns over Sophgo chips and alleged Huawei ties. The Commerce Secretary nominee plans a $2 billion Tether project, while Tornado Cash was..
The Street
Bitcoin Skyrockets as Crypto Policies Evolve Amid SEC Drama and Fraudulent Activity
Cryptocurrencies & blockchain
Finance
Politics
Economy
Bitcoin surpassed $100K; Trump nominated pro-crypto Atkins as SEC Chair to ease enforcement, review regulations, prioritize growth; Powell characterized Bitcoin as speculative; Celsius co-founder Mashinsky pleaded guilty, faces 30 years, to forfeit $49M; Trump named Sacks, South African ex-PayPal COO, as "Crypto Czar" to establish regulatory framework, align with ambition to position U.S. as "crypto capital of the planet"; Atkins co-chaired Token Alliance, championed responsible development in..
The Street
Why Trump's Strategic Bitcoin Reserve just got even more critical
Cryptocurrencies & blockchain
Finance
Politics
Trader Travis Kling of Ikigai Asset Management discussed Bitcoin's trading dynamics, altcoin rallies, and key catalysts on Coinage. On-chain data showed long-term Bitcoin holders taking profits, contributing to the market's subdued mood. Kling saw Bitcoin's potential tied to a singular game-changing catalyst: sovereign adoption of a "Bitcoin strategic reserve," which could drive prices to $300,000+. He also analyzed MicroStrategy's aggressive Bitcoin purchases, financed through equity and conv..
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