CRYPTO 101
Crypto Rundown: Bitcoin $100k, ETH $4k, Altcoins Moving, & Breaking News
Dec 6, 2024
Hosts dive into the exhilarating rise of Bitcoin past $100,000 and Ethereum soaring above $4,000. They dissect the implications of new SEC leadership on the crypto landscape and highlight the latest trends in altcoins like Orca and Tron. Attention turns to the dark side of celebrity-endorsed coins, with serious warnings about recent rug pulls. The conversation wraps up with an optimistic look at upcoming opportunities in the crypto space, emphasizing the need for regulation to protect investors.
41:22
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Quick takeaways
- Bitcoin's recent surge past $100,000 highlights bullish market sentiment, despite temporary volatility and a strong support level around $90,000.
- The evolving regulatory landscape, led by new SEC leadership, aims to foster a more accommodating environment for cryptocurrency investment and growth.
Deep dives
Bitcoin Hits New Milestone
Bitcoin recently reached an impressive milestone, breaking the $100,000 mark and peaking at $104,000. Despite some volatility in the market, where Bitcoin quickly retraced to approximately $91,000 before stabilizing around $99,000, there remains strong support around the $90K level. The dynamics of the market revealed that many buyers were eager to re-enter their positions once the price dipped below $90K, indicating robust interest from the bulls. Overall, while Bitcoin temporarily rejected the $100K threshold, the prevailing sentiment remains optimistic as the bulls continue to contest for higher levels.
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