28/11/2024 Daily Reports
Can Bitcoin break the $100K barrier before the end of the year?
- Crypto Soars on Regulatory Hopes
Bitcoin jumped to $97,361 this week, fueled by expectations that pro-crypto candidates will lead US regulators under President-elect Donald Trump. - SEC and CFTC Shake-Up
Paul Atkins, a known crypto advocate, is in the running to replace Gary Gensler at the SEC. Meanwhile, most candidates for the CFTC are seen as friendly toward digital assets. - Trump’s Crypto Vision
Trump’s promises to undo the Biden administration’s crypto crackdown and establish a national Bitcoin stockpile have bolstered optimism in the market. - Bitcoin Inches Toward $100K
The digital asset surged close to $100,000 last week before profit-taking brought it back to $96,400. Analysts believe another attempt at the milestone is imminent. - Institutional Interest Grows
Over $6.8 billion has poured into Bitcoin-focused ETFs since Trump’s election win, signaling a growing appetite for crypto on Wall Street.
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Markets Wobble as Inflation Sticks and Tariff Threats Loom
Wall Street stumbled ahead of Thanksgiving, rattled by persistent inflation and fresh uncertainty over President-elect Trump’s aggressive tariff threats targeting Mexico, Canada, and China. While strong consumer spending showcased economic resilience, it also raised doubts about the Federal Reserve’s willingness to pursue further rate cuts. Investors are navigating a complex landscape of sticky inflation, volatile policy risks, and a Fed seemingly caught between robust growth and rising geopolitical tensions—setting the stage for a dramatic close to the year.
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