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It's Frrriiddaaayyyy Folks! Bitcoin is trading up at $43,750.69. Day over day the price of Bitcoin and other Altcoins continue to rally; like SOL and ADA - wow! Let's get on with the news...
SUMMARY
Yesterday, JPMorgan CEO James Dimon talked about Cryptocurrencies again: “I would ban it if it were me”(6) Today, US Judge bans Changpeng ‘CZ’ Zhao from leaving the country.(4)
Whopping $880 million in Bitcoin shoveled to exchanges – will BTC price hold? BTC and ETH Brace for Volatile December as $1.9 Billion Worth of Options Expire Today. Bitcoin's price rises with stocks as Wall Street assesses US jobs data.
Short sellers lose over $6 Billion as Bitcoin and Crypto stocks soar and Bitcoin just flashed a signal that previously resulted in over 800% BTC price explosion, says Crypto Trader Ali Martinez. Massive uptick in exchange volumes could suggest growing institutional demand ahead of ETF approval: Glassnode. The narrative and sentiment continues to be a significant pull back after $47K-50K - let's see if the ANALyst are correct. Fidelity Investments’ Jurrien Timmer: “Bitcoin is a form of digital gold, with a venture twist.” (2)
VanEck's proposed spot bitcoin ETF gets 'HODL' ticker in new filing with SEC.(2) Recession won't keep bitcoin from reaching new highs in 2024, VanEck predicts in yearly crypto forecast.
Altcoins could surge in price after Bitcoin and Ethereum rallies this week: Glassnode Co-Founders. Ethereum sets sights on $3,000 as ETH bulls take control. Ether put-call options ratio is a bullish indicator for the market in 2024, says analyst. Golden cross on Ripple’s chart: Will the $XRP price skyrocket soon? Cardano price soars 14% in a week, signals ‘historically bullish’ trend.(2) Solana to the moon? Crypto expert Ali Martinez predicts SOL at $90.
Binance withdraws license application in the United Arab Emirates.
Switzerland City Lugano Bullish on Crypto, Accepts Bitcoin for Taxes.
Judge grants SEC another week to explain alleged 'misrepresentations' in Utah crypto case.
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Podcast of the Day: Market Forecaster Raoul Pal Says There’s a Good Chance Bitcoin Will Hit $100K-$200K in 2024 | Unchained