Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin (BTC) reaches a new high of $98,384 on Thursday, with altcoins also rallying in response to US President-elected Donald Trump's crypto-friendly stance. On-chain data suggests the Altcoin Season Index has further growth potential, as investors appear hesitant to fully rotate into altcoins while BTC edges closer to the $100,000 milestone.
Bitcoin blasts past $97K amid post-election bullish signals
Bitcoin has shattered another milestone, surging past $97,000 in what has been an extraordinary week for the world’s largest cryptocurrency. While the recent U.S. presidential election provided a spark, a confluence of regulatory developments, market optimism, and institutional adoption has powered Bitcoin’s meteoric rise.
Trump eyes crypto-czar: Coinbase CEO backed for key role
The cryptocurrency world is buzzing with discussions about a potential "Crypto-Czar" role in the White House. President-elect Donald Trump is reportedly considering creating this position to guide US policy on blockchain and digital assets, signaling an effort to modernize crypto regulations. Among the names suggested, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, has proposed Brian Armstrong, the CEO of Coinbase, for the role.
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Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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