{"id":23539,"date":"2024-12-12T07:30:15","date_gmt":"2024-12-12T07:30:15","guid":{"rendered":"https:\/\/www.cryptopresspro.com\/market-update\/bitcoin-surges-past-100000-once-again-amid-shifts-in-regulatory-landscape"},"modified":"2024-12-12T07:30:15","modified_gmt":"2024-12-12T07:30:15","slug":"bitcoin-surges-past-100000-once-again-amid-shifts-in-regulatory-landscape","status":"publish","type":"post","link":"https:\/\/www.cryptopresspro.com\/top-100\/bitcoin-surges-past-100000-once-again-amid-shifts-in-regulatory-landscape","title":{"rendered":"Bitcoin Surges Past $100,000 Once Again Amid Shifts In Regulatory Landscape"},"content":{"rendered":"<p>Bitcoin (BTC) recaptured the vital <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast\/\" target=\"_blank\">$100,000 threshold<\/a> on Wednesday, following weeks of consolidation below it. This rebound has been attributed to rising confidence in the digital currency sector\u2019s future regulatory environment under President-elect Donald Trump.<\/p>\n<h2>Bitcoin Price Nears Record Peaks<\/h2>\n<p>The regulatory landscape is poised for significant changes, particularly with Brian Quintenz emerging as a<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-12\/bitcoin-btc-lifted-toward-record-on-fed-rate-cut-bets\" target=\"_blank\"> strong candidate<\/a> to lead the Commodity Futures Trading Commission (CFTC).\u00a0<\/p>\n<p>Quintenz, currently the head of policy at a16z Crypto\u2014Andreessen Horowitz\u2019s digital asset division\u2014and a former Republican CFTC commissioner, is seen as a favorable choice for the crypto community.\u00a0<\/p>\n<p>This follows the recent selection of pro-crypto<a href=\"https:\/\/bitcoinist.com\/trump-paul-atkins-as-sec-leader-crypto-policies\/\" target=\"_blank\"> Paul Atkins<\/a> to lead the US Securities and Exchange Commission (SEC), giving him the ability to turn the regulatory agency 180 degrees after years of leading a regulation-by-enforcement crusade led by its <a href=\"https:\/\/bitcoinist.com\/victory-crypto-sec-chair-gary-genslers-departure\/\" target=\"_blank\">retiring chair Gary Gensler<\/a>.<\/p>\n<p>Trump\u2019s recent efforts to reverse a Biden administration crackdown on crypto have contributed to Bitcoin\u2019s recovery, which reached an all-time high of $104,00 on December 5. Since then, Bitcoin has fluctuated around the six-figure mark, indicating sustained interest from investors.<\/p>\n<p>Alongside regulatory optimism, expectations for a potential reduction in interest rates by the US Federal Reserve (Fed) have also bolstered investor sentiment.\u00a0<\/p>\n<h2>Bullish Sentiment Grows<\/h2>\n<p>Following reports that US consumer-price inflation met forecasts, speculators have increased their bets on a new <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitwise-forecast-bitcoin-ethereum-and-solana-poised-for-record-highs-in-2025\/\" target=\"_blank\">interest rate cut<\/a>. This shift in monetary policy expectations has had a positive impact on markets, propelling the tech-heavy Nasdaq 100 stock index to a record high.<\/p>\n<p>Henry Elder, a principal at UTXO Management, noted, \u201cThe market likes seeing inflation come in within expectations,\u201d adding that traders are currently assessing whether $100,000 will act as a ceiling or a floor for BTC prices.<\/p>\n<p>Trump has not only indicated a willingness to foster a more favorable regulatory environment but has also supported the concept of a strategic national Bitcoin stockpile.\u00a0<\/p>\n<p>While the feasibility of this idea remains debated, Eric Trump recently <a href=\"https:\/\/www.newsbtc.com\/news\/eric-trumps-bold-call-bitcoin-to-soar-to-1-million-in-financial-revolution\/\" target=\"_blank\">expressed <\/a>on Bloomberg Television that his father would be \u201can unbelievable ally to the industry.\u201d<\/p>\n<p>Since Trump\u2019s election victory on November 5, Bitcoin has surged nearly 50%, buoyed by approximately $11 billion in net inflows into US spot Bitcoin exchange-traded funds (ETFs).<\/p>\n<p>Technical expert Ali Martinez has added to the positive view for the flagship cryptocurrency by <a href=\"https:\/\/x.com\/ali_charts\/status\/1866829285815882134\" target=\"_blank\">stating <\/a>that whales are aggressively buying dips. Notably, 342 wallets with more than 100 BTC were created when prices dropped from $104,000 to $90,000.<\/p>\n<p>This accumulation by major holders fuels the positive mentality, with Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1866517510268330035\" target=\"_blank\">projecting <\/a>the Bitcoin price will hit $275,000 based on a cup-and-handle formation on its one-week chart.<\/p>\n<p>Featured image from DALL-E, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) recaptured the vital $100,000 threshold on Wednesday, following weeks of consolidation below it. This rebound has been attributed to rising confidence in the digital currency sector\u2019s future regulatory environment under President-elect Donald Trump. Bitcoin Price Nears Record Peaks The regulatory landscape is poised for significant changes, particularly with Brian Quintenz emerging as a […]<\/p>\n","protected":false},"author":0,"featured_media":23540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,34,8,3],"tags":[],"class_list":{"0":"post-23539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-crypto","9":"category-meme-tokens","10":"category-top-100"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Surges Past $100,000 Once Again Amid Shifts In Regulatory Landscape - CryptoPressPro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptopresspro.com\/market-update\/bitcoin-surges-past-100000-once-again-amid-shifts-in-regulatory-landscape\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Surges Past $100,000 Once Again Amid Shifts In Regulatory Landscape - CryptoPressPro\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) recaptured the vital $100,000 threshold on Wednesday, following weeks of consolidation below it. This rebound has been attributed to rising confidence in the digital currency sector\u2019s future regulatory environment under President-elect Donald Trump. 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