🚨 $BTC Bitcoin Hits $100,000 – Then Falls! What's Next for Crypto? 🚀

Bitcoin (BTC) surged to an all-time high of $103,500 this week, fueled by optimism around President-elect Donald Trump’s pro-crypto agenda and the announcement of Paul Atkins as the incoming SEC Chair. However, the celebration was short-lived as BTC dipped below the $100K milestone, triggering a sell-off in crypto stocks.

📉 Market Reaction:

Bitcoin: Dropped 4.24%, currently trading around $98,781.
Crypto Stocks:

Coinbase (COIN): Rose 5% intraday, ended down 3.13%.
MicroStrategy (MSTR): Soared 8% before closing with a 4.83% loss.
Riot Platforms (RIOT): Initially climbed 6% but closed down nearly 5%.

🏛️ What’s Driving the Volatility?

Trump’s Pro-Crypto Team:

Paul Atkins, known for advocating innovation-friendly regulations, will lead the SEC, replacing Gary Gensler.
Atkins aims to support crypto innovation while addressing fraud, signaling a shift in U.S. policy.


Investor Caution: Experts warn that BTC’s $100K level might act as psychological resistance, leading to profit-taking.


🤔 Why Does This Matter?

The crypto community views Trump’s presidency as a turning point:

Positive Signals: Trump attended a Bitcoin Conference and expressed support for digital assets.
Cabinet Support: Vice President-elect JD Vance and other nominees have crypto holdings or business interests in blockchain.


🔮 What’s Next for Bitcoin and the Market?

Bullish Outlook: A regulatory framework under Atkins could boost market confidence, potentially setting up BTC for another rally.
Short-Term Volatility: With profit-taking in play, BTC might consolidate before testing new highs.

💭 What do you think? Will Trump’s policies drive Bitcoin to new heights or are we headed for more turbulence? Share your thoughts below!

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