• Bitcoin flirts with $100K as Trump’s win fuels rally and Gensler quits - Crypto Roundup

  • Nov 22 2024
  • Length: 7 mins
  • Podcast

Bitcoin flirts with $100K as Trump’s win fuels rally and Gensler quits - Crypto Roundup

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  • Summary

  • Proactive's Billy Farrington joined Stephen Gunnion with more about the factors propelling bitcoin’s price near the $100,000 milestone. Farrington highlighted a remarkable 130% year-to-date gain, with much of the increase occurring in November 2024. Key developments include Donald Trump’s presidential election win, which sparked optimism due to his pro-crypto stance and promises to reshape US crypto regulation. The resignation of SEC chair Gary Gensler, seen as a crypto critic, has also been a tailwind. Farrington noted, “Trump made a raft of pro-crypto promises... and it kind of looks like he's already made good on that promise [about Gensler].” Other catalysts discussed were the approval of bitcoin ETFs, bringing billions of dollars into the market, and the bitcoin halving event in April 2024. Together, these factors create a fertile environment for bitcoin’s continued growth. Stay tuned to Proactive's YouTube channel for more updates and insights on the cryptocurrency market. Don't forget to like this video, subscribe to our channel, and hit the notification bell to stay informed. #Bitcoin #CryptoNews #BitcoinRally #BitcoinETF #Cryptocurrency #Trump2024 #CryptoMarket #CryptoInvesting #BitcoinHalving#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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