CRYPTO 101

Crypto Rundown: Bitcoin $100k, ETH $4k, Altcoins Moving, & Breaking News

20 snips
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.
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INSIGHT

Bitcoin and Ethereum Price Action

  • Bitcoin broke $100,000, but couldn't close above it, showing resistance.
  • Ethereum is approaching its cycle high of $4,100, potentially reaching its all-time high.
ADVICE

Leverage Warning

  • Be cautious with leverage, especially in volatile markets.
  • The crypto market liquidated $1 billion in 24 hours, highlighting leverage risks.
INSIGHT

Altcoin Surge

  • Several altcoins experienced significant price surges, including Orca, Tron, Sui, and Aerodrome.
  • Orca, a Solana-based decentralized exchange, saw a near 100% increase in a single day.
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