The Final Market Move of 2024? A Critical Retest in Play!
As we approach the year’s end, the cryptocurrency market is entering a crucial retest phase, potentially marking the last major move of 2024. This is a pivotal moment for traders and investors alike, as market trends often define strategies for the months ahead.
Historically, year-end phases bring heightened volatility and significant shifts, with assets either confirming bullish momentum or facing a bearish reversal. This retest phase is no different, as several key support and resistance levels across major cryptocurrencies are being tested.
For Bitcoin, the $32,000 mark serves as a critical zone. A breakout could signal a late bull rally, while a rejection might bring consolidation. Altcoins like Ethereum and Solana are mirroring this trend, with their price actions closely linked to Bitcoin’s trajectory.
For investors, this period demands sharp focus. Monitoring volume, RSI, and market sentiment can provide clues to navigate this uncertain terrain. Whether the market closes the year with fireworks or a fizzle, staying informed and prepared will be the key to maximizing gains.#CryptoMENA
Are we witnessing the final surge of 2024, or is the market setting up for a surprise in 2025? Let’s discuss in the comments!
Stay vigilant, and happy trading!#TrumpCrypto #TrumpSupportsCrypto

New SEC boss Paul Atkins will transform crypto… but not right away
Trump’s new pick to chair the Securities and Exchange Commission is a win for the crypto industry, but the desired changes may be slow to come into play.
President-elect Donald Trump has tapped pro-crypto businessman and former Securities and Exchange Commissioner Paul Atkins as the next chair of the regulatory agency under his administration, fulfilling his promise to replace current chair Gary Gensler and delighting the crypto industry.
Here’s what we know about Atkins and the potential changes he could bring to the crypto industry if he’s confirmed as expected by Congress in 2025.
From SEC to Patomak and back againAtkins served as a Republican SEC commissioner from July 2002 to August 2008, having been appointed to the role under George W. Bush.
Back then he was already pro-innovation and investment and against red tape:
“[The SEC] must not price those very investors out of our markets through burdensome regulations or eat up the fruits of their investments through nonsensical mandates,” Atkins said in a 2007 speech to the Corporate Directors Forum.
According to US legal firm Anderson PC, Atkins was known for emphasizing “proportionality” in enforcement actions, advising against massive fines for corporations based on individual wrongdoing and focusing on complex and nuanced cases instead of prioritizing a high number of enforcement actions.
“Under his leadership, the SEC may move away from aggressive tactics that prioritize headline-grabbing penalties over substantive outcomes,” wrote Anderson lawyers.
Speaking on the Unchained podcast this week, Digital Chamber President Cody Carbone said one of the most promising things about Atkins is his pre-existing familiarity with the current SEC staff, including current Republican SEC Commissioners Hester “Crypto Mom” Peirce and Mark Uyeda.
Both Peirce and Uyeda were staffers for Atkins during his six-year stint at the agency.
“When we look at how the commission is going to work moving forward, they have familiarity. They’ve already rolled up their sleeves and been in the war together,” said Carbone.
After leaving the SEC, Atkins founded the financial sector consultancy firm Patomak Global Partners in 2009. Patomak specializes in regulatory advice, risk compliance services and enforcement and litigation support.
Notably, Patomak signed Sam Bankman-Fried’s now-defunct exchange FTX as a client in January 2022, around 10 months before the exchange imploded.
Speaking on a podcast in 2023, Atkins said the only reason the FTX crisis became an “international debacle” was because the US didn’t make clear enough rules to accommodate digital assets. However, he conceded that Bankman-Fried’s fraudulent activities were the primary cause of the collapse.
Since 2017, Atkins has served as the co-chair of the Token Alliance, a crypto lobbying group for the Chamber of Digital Commerce which aims to introduce clear regulations and promote mainstream adoption of crypto assets.
He has been a staunch advocate of digital assets and innovation, speaking out against the Gensler-led SEC’s “regulation-by-enforcement” approach to the crypto industry on several occasions.
In 2019, Atkins testified before Congress on restructuring the SEC to balance investor protection with reducing regulatory burdens on emerging industries.
SEC turnover continuesWhile Trump has nominated Atkins as the next SEC chair, it’s not yet a done deal. Congress and the Senate can vote against confirming a Presidential nomination, and that may well happen with some of Trump’s more controversial picks.
However, Carbone expects Atkins’ nomination to be confirmed in March, depending on how quickly the Senate Banking Committee can move through nominations for other departments and agencies.
The SEC features a board of five commissioners. At present, the list of SEC commissioners includes two Republicans — Peirce and Uyeda — and three Democrats, Caroline Crenshaw, Gary Gensler and Jaime Lizarraga.
However, both Gensler and Lizarraga have recently announced that they will be leaving the agency in January.
Meanwhile, Crenshaw — a crypto-critical commissioner who stood against the approval of Bitcoin ETFs — has just had her renomination vote postponed indefinitely, leaving her role at the agency up in the air.
The SEC is set to have a three-person Republican SEC majority under the new administration following Trump’s inauguration next year.
Some have suggested that Trump may even break with protocol and nominate a fourth Republican commissioner to replace Lizarraga; however, that’s pure speculation at this stage.
What could Atkins’ reign look like for crypto regulation?
Speaking to Cointelegraph, Charlyn Ho, the founder of Rikka Group, said that Atkins will undoubtedly create “a lot of change” in the way the crypto industry is regulated, but it’s not going to happen all at once.
Ho believes it’s unlikely that the United States will pursue a similar course to Europe in introducing an overarching regulatory regime like Markets in Crypto-Assets Regulation (MiCA). Instead, she expects the Atkins-led SEC to be more focused on providing direction and removing regulatory roadblocks.
“I would hazard a guess that Trump and Atkins are probably opposed to creating new regulations, but rather increasing the clarity as to where the crypto industry can operate.”
That said, there are numerous crypto bills already up for consideration including stablecoin legislation and FIT 21, which provides a regulatory framework for crypto and has already passed the House of Representatives.
Whatever happens, Atkins is unlikely to follow his predecessor Gensler’s approach, which has been criticized for being overly aggressive to crypto regulation and for routinely overstepping the SEC’s congressional mandate and enacting “regulation by enforcement.”
“The common theme in lawsuits like Coinbase and Ripple is that the SEC is overstepping its bounds,” she said.
“Technically, Congress is supposed to pass laws. Those laws delegate the authority to executive agencies like the SEC to interpret, but they are only supposed to interpret within the parameters that were delegated,” Ho said.
Speaking on the Free The People podcast on Feb. 23 last year, Atkins said that if the SEC had been less combative, there would’ve been more opportunity for industry growth in the US.
“If the agency had been more accommodating and would deal straightforwardly with these various firms, I think it would be a lot better to have things happen here in the United States rather than outside,” Atkins said, citing the $4.3 billion fine that Binance was forced to pay as a reason why many crypto firms choose to remain outside the US.
On the same podcast, Atkins also came out in support of Commissioner Peirce’s Token Safe Harbor Act — a bill that was re-introduced in 2021 — that would give crypto developers a grace period before they’re legally required to register with the SEC.
A day-one Atkins overhaul is unlikely
Even though Atkins is clearly pro-crypto, Ho warned that industry pundits expecting a quick overhaul of the rules may be getting ahead of themselves.
“There’s still a precedent set by Gensler for him to follow and just because a new commissioner is named, it doesn’t mean all the legal work and precedent that has come out previously is just gone,” Ho said.
Looking at the swathe of existing lawsuits from the SEC, including those against firms like Kraken, Coinbase, Ripple and others, Ho said neither Atkins nor the agency are capable of simply dropping everything and hammering a pro-crypto position immediately.
“If Atkins wants to change the SEC’s position, he wouldn’t just be able to declare it as so. They would have to go through the legal process and have some justification in order to alter their claims.
“If they’re the plaintiff, they could just drop the lawsuit entirely. But if they’re in the middle of a process, then the commissioner doesn’t have unfettered discretion to completely change everything in that process.”
“He would still be bound by certain things.”

#AtkinsForSEC #SEC #CryptoMENA #Trump #CryptoNews

Speculation Rises Over Elon Musk’s X Payment System: Which Cryptocurrency Will Lead the Way?
Elon Musk’s ambitious vision for X (formerly Twitter) is taking another leap with the rumored development of an integrated payment system. But the burning question remains: Which cryptocurrency will spearhead this revolution?
Musk has long been a vocal proponent of Dogecoin (DOGE), playfully dubbing it the “people’s crypto.” This strong affinity has driven speculation that Dogecoin might become the centerpiece of X’s payment ecosystem. Imagine tipping, paying, and even conducting global microtransactions in DOGE – a true game-changer for mainstream adoption!
However, Musk’s preference for innovation could lead to surprises. Could we see Bitcoin’s Lightning Network in action? Or perhaps Ethereum’s robust smart contracts enabling seamless decentralized payments? Some speculate that Musk might even introduce a new, proprietary cryptocurrency built specifically for X.
Cryptocurrency integration into X would mark a transformative milestone for the industry. It could bridge the gap between social media and financial systems, ushering in a new era of crypto adoption for billions of users.
The implications for users and investors are monumental. Cryptos associated with X may witness skyrocketing demand, and the market at large could gain renewed trust and enthusiasm. For traders, this is a story to watch closely – being early could mean significant gains.
What do you think? Will Dogecoin secure its spot as Musk’s favorite, or will a new player emerge? Share your thoughts, and let’s dive into this exciting journey of speculation and innovation.
🚀 Stay ahead of the curve, and don’t miss out on the potential impact of X’s payment system on the crypto world!
#ElonsMusk #BNB_Market_Update #CryptoMENA

🚀 $MBOX Ready for a Breakout? Let’s Dive In!
Mobox ($MBOX) is making waves on the charts, and all eyes are on its weekly timeframe. A falling wedge pattern has been forming, and as technical analysts know, this setup often signals an impending bullish breakout. Here’s why this could be a game-changer for $MBOX investors:
Understanding the Pattern
The falling wedge pattern is characterized by converging trendlines sloping downward, with decreasing highs and lows. This pattern indicates a potential loss of bearish momentum, setting the stage for a bullish reversal.
Key Levels to Watch
Resistance Zone: $MBOX needs to break above the upper trendline of the wedge for confirmation.
Support Zone: Holding steady around recent lows is crucial to prevent invalidation.
Volume: A spike in trading volume during the breakout will add further validity to the move.
Why $MBOX is Bullish
1. Historical Trends: Similar setups have led to significant price surges in the past.
2. Market Sentiment: With rising interest in blockchain gaming and NFTs, Mobox’s fundamentals remain strong.
3. RSI Divergence: The Relative Strength Index shows bullish divergence, further supporting a potential upward move.
Potential Targets
If $MBOX successfully breaks out, the first target could be the previous support zone turned resistance, followed by the psychological level of $1.50. However, traders must stay cautious and manage risks effectively.
Final Thoughts
The current chart setup suggests an exciting time ahead for $MBOX. With a breakout on the horizon, traders and investors should stay vigilant and monitor key levels closely. Is $MBOX the next token to make headlines? Only time will tell, but the signs are promising!
📊 Do you think $MBOX will break out soon? Share your thoughts below!
#MBOX #CryptoMENA

🚀 ACX Coin Price Watch! 🚀
ACX is currently standing strong at $1.7258. 📈 With its recent performance, the 24-hour prediction hints at potential fluctuations in the $1.70-$1.80 range, depending on market sentiment and trading volume. Bulls might push ACX towards $1.80 if momentum builds, while bears could see it test support at $1.70.
For traders, this is a crucial zone to monitor. Will ACX break out or consolidate? Share your thoughts and strategies in the comments! 💬
⚡ Stay tuned to Binance for live updates and trade responsibly! 💼
#acx #Newcoinlauch #CryptoMENA