• Wealthcamp
  • Posts
  • Bitcoin Smashes $100K: Ignites Global Crypto Frenzy

Bitcoin Smashes $100K: Ignites Global Crypto Frenzy

Putin Backs Crypto, SEC Choice Made Official, & Tariffs Take Toll on Yuan

Author

Austin Hodge
December 05, 2024 • Read Time: 13 minutes

Turn Tickets into Cash: Your New Side Hustle with Lysted

Ready to start a new side hustle that fits into your busy schedule? Lysted makes ticket reselling easy and profitable. If you have tickets you can't use, list them on Lysted and reach buyers on top platforms like StubHub, Ticketmaster, and Seat Geek.

No need to juggle multiple listings—Lysted synchronizes everything for you, ensuring a smooth and hassle-free experience. You’ll also benefit from competitive fees and fast payments, making it an ideal way to earn extra money.

Bitcoin's relentless rally has finally shattered the six-figure ceiling, rocketing to an unprecedented $103,630 in Asian markets this Thursday. Just hours ago, the cryptocurrency crossed the psychological $100,000 threshold, inflating its market cap to over $2 trillion and claiming its spot as the world's seventh most valuable asset. With Trump's crypto-friendly SEC pick and a bullish Putin on board, we're witnessing a seismic shift in the global financial landscape. Is this the dawn of Bitcoin's new reign or just another temporary euphoria?

Let's dive in!

  • Putin explores digital currencies as potential settlement tools for BRICS investments. — Read More

  • Yuan drops as Trump's tariff threats on China escalate. — Read More

  • Crypto market cap hits $3.83T driven by pro-crypto US policy hopes following Trump's win. — Read More

  • Nuvei and Visa introduce a stablecoin payment solution for Latin American merchants alongside BitGo and Rain. — Read More

  • Amazon partners with SonarX to provide free, public blockchain data through AWS Open Data, enhancing blockchain accessibility and innovation. — Read More

  • HBAR soars over 800% in 30 days, boosted by new privacy layer and upgrades, despite a recent 10% dip. — Read More

  • CFTC's $17B in 2024, largely from crypto enforcement, marks a historic high in fines and penalties. — Read More

  • Philippine central bank completes CBDC trial, envisions wholesale tokens enhancing liquidity and financial stability. — Read More

  • Pi Network nears mainnet launch with 100M app downloads and 14M KYC verifications, raising questions on reaching 15M. — Read More

Bitcoin Soars Past $100K Milestone with Institutional Demand Surge

Bitcoin hits $100K, driven by US institutional demand, optimistic market trends, and regulatory support.

Powell and Putin Endorse Bitcoin in Unusual Twists

Jerome Powell and Vladimir Putin's support for Bitcoin marks a significant shift in its global perception, hinting at a growing acceptance.

Powell Compares Bitcoin to Gold, Dismisses Dollar Threat

Jerome Powell asserts Bitcoin is a competitor to gold, not the U.S. dollar, amidst its surge past $100,000.

Putin Declares Bitcoin Unbannable

Vladimir Putin acknowledges Bitcoin's resilience amid sanctions, stating it cannot be banned.

BIT Mining Sees Triple Profits with DOGE and LTC

BIT Mining claims tripled profits from DOGE and LTC, citing influence from Elon Musk post-Trump election win.

Chile Says No to Bitcoin Reserve

Central Bank of Chile rejects Bitcoin as a reserve asset.

Bitcoin ETFs Experience Ongoing Inflows with $2B Surge

Bitcoin ETFs maintain momentum, drawing over $2 billion in inflows as BTC hits $100,000 for the first time.

Heatbit Turns Home Heaters Into Bitcoin Miners

Heatbit offers a device that mines Bitcoin while functioning as a quiet space heater and air purifier.

Hut 8 Announces $750 Million Strategic Bitcoin Reserve Plan

Hut 8's new $750M strategy includes a $500M ATM program and a $250M stock buyback to tackle market volatility.

BlackRock's Bitcoin ETF Smashes $50B Milestone

BlackRock’s iShares Bitcoin Trust hits $50 billion AUM as Bitcoin breaks $100,000 barrier, reflecting a surge in institutional crypto demand.

Foundry Cuts Staff Despite Bitcoin Boom

Foundry lays off 16% of workforce while crypto prices climb, citing focus on core operations.

Mt. Gox Wallet Transfers 27,871 BTC Amid Bitcoin Surge

Mt. Gox wallet transfers 27,871 BTC to unknown address as Bitcoin hits $100K milestone, stirring market optimism.

Ethereum Eyes $7K as Altseason Gains Steam

Ethereum may soar as traders pinpoint potential breakout to $7,000, riding on altseason momentum.

Ethereum Poised for Breakout Above $4,000 Barrier

Ethereum's price broke a long-term resistance and is on course to reach $4,000.

Grayscale Targets Solana ETF With NYSE Arca Filing

Grayscale files for a Solana ETF with NYSE Arca, expanding its crypto offerings.

VanEck Highlights Crypto Gains Amid Bullish November

VanEck's report reveals notable gains in memecoins and major cryptos like Solana and Cardano, with Polkadot also rallying.

Monero Reaches Two-Year High Amid Privacy Coin Boom

Monero surges past $211 as privacy coins gain attention following Tornado Cash court ruling.

Solana's Web3.js Library Hit by Major Supply Chain Attack

Hackers exploit Solana's Web3.js library, leading to $160,000 in stolen assets, unmasking severe vulnerabilities in developer dependencies.

Altcoin Searches Reach 2021 Peak Levels

Google searches for altcoins hit all-time highs, sparking market optimism post-election.

Coinbase Adds GIGA and TURBO, Spikes Price

Coinbase adds GIGA and TURBO to its listing roadmap, causing GIGA to soar 70% and TURBO 24%.

TON Approaches $7.83 Amid Resistance Challenges

TON hits $7, faces resistance, indicating possible retracement, eyeing $7.83 target.

SAND Surges 40%, Attracts Whale Interest

SAND's 40% rally marks yearly high as whale interest spikes.

PancakeSwap's Trading Volume Surges Post-SpringBoard Launch

PancakeSwap reaches $1.27 billion in daily trading volume, boosting BNB's market cap above Solana.

Sol Strategies Expands Solana Validator Portfolio with $203M Acquisition

Sol Strategies acquires blockchain validators increasing SOL holding by 554,714 tokens, aiming for CAD $2.6 million annual net income.

Binance Coin Hits High amid Altcoin Surge

Binance Coin surges 20% while newcomer Crypto All-Stars draws attention with massive investments.

Catslap Meme Coin Surges Ahead of CEX Listing

XRP profits fuel Catslap ($SLAP) rise, eyeing CEX debut amid 272% weekly surge.

Fortlake Asset Management collaborates with Chainlink, Backed, and Sonic to tokenize its first fund.

MARA Powers Advanced ASIC Recycling with Wind Energy

MARA acquires a Texas wind farm for ASIC recycling, bolstering Bitcoin mining with renewable energy.

OpenAI CEO Sam Altman slammed The New York Times for its copyright lawsuit over AI usage, labeling it as outdated thinking.

GameFi Tokens Crash: 93% Drop 95% from Peaks

An overwhelming 93% of GameFi tokens have plunged 95% from their peak values, as the sector faces instability.

Xai Introduces Tiny Sentry Keys for Ethereum Gaming Network

Xai plans to launch affordable 'Tiny Sentry Keys' to expand participation in its Ethereum-based gaming network, offering NFT-based rewards and benefits.

Bitcoin Soars Past $103K, Market Cap Hits $2 Trillion

Bitcoin shatters $100,000 barrier, topping $103,630, boosting its market cap to an unprecedented $2 trillion, fueled by Trump's pro-crypto SEC pick.

Paul Atkins appointed SEC Chair by Trump

Trump appoints Paul Atkins as SEC Chair, emphasizing focus on digital assets and innovation.

Circle Adjusts to New Canadian Stablecoin Regulations

Circle embraces updated Canadian stablecoin rules, advancing regulatory compliance.

Australia's Regulator Proposes Crypto Rules Updates

ASIC suggests new crypto regulations, offering industry relief and investment clarity.

Hydra Founder Moiseev Gets Life Sentence for $5B Crypto Crimes

Moiseev, founder of Hydra, receives life sentence, mirroring Silk Road's Ulbricht.

NCA Cracks Down on Russian Money Laundering Network

UK NCA disrupts billion-dollar Russian laundering scheme, OFAC issues new sanctions.

Russian MPs Seek to Cut Crypto Miners' Subsidized Electricity Use

Russian lawmakers aim to prevent crypto miners from capitalizing on subsidized electricity rates, citing economic and social damage.

South Korea's Cryptocurrency Plan for Universities

South Korean regulators aim to let universities trade crypto by 2025, then allow corporate crypto wallets.

U.S. Moves Seized FTX Crypto to Unknown Wallets

U.S. government transfers $33.6M in seized crypto from FTX to undisclosed addresses, sparking speculation.