Last week, affected by Thanksgiving, BTC has been consolidating below the hundred thousand dollar area. The hundred thousand dollar mark holds more symbolic than practical significance for BTC. Surging above a hundred thousand dollars would just be a slight tremor for the current price of BTC, but standing above a hundred thousand dollars means that BTC has officially entered the six-figure era. It seems BTC is still cultivating emotions for this historical moment. 😁
MicroStrategy purchased BTC worth 9.6 billion dollars throughout November, and Saylor stated that this is far from enough; he intends to continue raising funds to buy more BTC. Moreover, MicroStrategy is not the only one buying; Saylor expressed confidence that he can persuade Microsoft's shareholders at this month's board meeting to include BTC in Microsoft's asset reserves. If he can achieve what he says, we might see more business empires at Microsoft's level joining the rush to buy BTC next year. 😱
With the current SEC Chairman Gensler announcing his resignation effective January 20 next year, the selection of a new chairman has become a hot topic. According to Bloomberg, pro-crypto Paul Atkins is the most likely successor; he has publicly criticized current SEC Chairman Gensler multiple times for hindering the healthy development of cryptocurrency. If he becomes the new SEC Chairman, the development environment for cryptocurrency in the U.S. will be significantly improved.
According to Bloomberg, multiple institutions have submitted spot ETF applications for SOL, XRP, and LTC. If the approval process goes smoothly after Trump takes office next year, we will see more altcoin spot ETFs launched within a year following BTC and ETH, led by ETH, the altcoin season is coming in strong! 😍
Currently, the entire crypto market is filled with anticipation for the new U.S. government taking office on January 20. Trump's presidency is likely to bring about an unprecedented bull market. Are you ready? 🕚💰🎆
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