Donald Trump

Bitcoin

<p>As of writing, Bitcoin is trading at $99,040.43, and many in the crypto world believe it’s just a matter of time before it hits the coveted $100K milestone. But the real question on everyone’s mind is: could Bitcoin go even higher? Some reports are forecasting a potential surge to $115K by Christmas.</p>   
<p>Let’s take a closer look at the current market dynamics and explore what might lie ahead for Bitcoin in the coming weeks.</p>   
<h2 class="wp-block-heading" id="h-microstrategy-faces-setback">MicroStrategy Faces Setback</h2>   
<p>MicroStrategy Inc.’s stock has dropped sharply from $473.83 to $367.28—<a href="https://coinpedia.org/news/microstrategys-stock-plummets-16-is-its-bitcoin-bet-about-to-backfire/" target="_blank" rel="noreferrer noopener">down nearly 16.2%</a>. This drop came after traders hesitated to buy call options at higher levels due to rising implied volatility. Before the drop, MicroStrategy’s implied volatility reached 200%, and it has since increased even further, to 270%. This sharp rise indicates a high level of market uncertainty.</p>   
<p>Bitcoin, on the other hand, has risen nearly 2.3% in the past 24 hours. On November 21, the price was $94,356.13, and it has since climbed by 4.96%.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/22183136/MicroStrategy-Faces-Setback-1024x576.png" alt="" class="wp-image-383767">
</figure>   
<p>This price movement highlights Bitcoin’s growing independence from the price movements of other assets, making <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price predictions</a> even more exciting for the future.</p>   
<h2 class="wp-block-heading" id="h-trump-slams-the-sec-changes-ahead">Trump Slams the SEC: Changes Ahead? </h2>   
<p>During his election campaign, Donald Trump criticized the U.S. SEC and its Chairman, Gary Gensler, for their handling of the crypto industry. Many close to Trump have suggested that, if he wins the presidency, he may remove Gensler from his role. </p>   
<p>Some reports also indicate that Gensler could step down voluntarily before the new president is inaugurated on January 20, 2025.</p>   [post_titles_links postid="383527"]   
<h2 class="wp-block-heading" id="h-who-will-replace-gensler">Who Will Replace Gensler?</h2>   
<p>While there’s no clear indication yet of who will replace Gensler, experts believe the <a href="https://coinpedia.org/news/binance-us-ex-ceo-brian-brooks-tops-list-for-sec-chair/" target="_blank" rel="noreferrer noopener">next SEC chair will be more open to the cryptocurrency industry</a>. Rumors suggest that Trump’s administration could appoint someone who is more pro-crypto, with significant experience in the digital asset market.</p>   
<p>Reports also indicate that Trump has had private meetings with leading crypto figures, including Coinbase CEO Brian Armstrong. One of the main topics of these discussions is believed to be the appointment of a new SEC chair, which has raised hopes that the next SEC leader may be more supportive of crypto.</p>   
<p><strong>What This Means for Bitcoin and the Crypto Market</strong></p>   
<p>These developments could be very positive for the crypto market, especially Bitcoin. A change in SEC leadership could lead to clearer and more favorable regulations for cryptocurrencies, which could help boost the market in the coming months.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/10x_Research/status/1859785531636457840?t=7rwsUyzGABzX9a7DL073hg&amp;s=19 
 </div>
</figure>   
<p><strong>The potential change in SEC leadership could bring clearer regulations, creating a better environment for cryptocurrencies in the future.</strong></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732281298303">
  <strong class="schema-faq-question"><strong>How might a change in SEC leadership impact the crypto market?</strong></strong> 
  <p class="schema-faq-answer">A pro-crypto SEC chair could bring clearer, supportive regulations, boosting confidence and growth in the crypto market.</p> 
 </div> 
</div>

Will Bitcoin Price Hit $115,000 by Christmas? Market Trends to Watch

Table of Contents

CoinPedia News

Other articles published on Nov 22, 2024

HIO Music Boasts Web3’s Largest Music Catalog, Announces Token Launch to Help Redefine Streaming

Japan’s FSA to establish new crypto brokerage business category with lighter regulations

Trump’s Crypto Council: Ripple, Coinbase, and Circle Vie for Seats

Gas Station Goes Live: MetaMask Now Enables Swaps Without Ethereum Gas Fees

Market Whales Back These 4 Affordable Coins for a Potential 60,000x Boom

Cboe to Launch Bitcoin Spot Index Options

Join our free newsletter for daily crypto updates!