Bitcoin is doing the thing it needs to do: Morning Brief

Published On Nov 22, 2024, 6:00 AM

Bitcoin continues its surge towards the $100,000 mark as investors anticipate a more favorable regulatory environment with the upcoming Trump administration. The recent rally has been fueled by the launch of spot bitcoin ETFs and expectations of eased regulations, as key opponents in the previous administration are stepping down. Crypto insiders are hopeful for clearer rules that would make investing in cryptocurrencies easier, contributing to momentum-driven price gains. Industry leaders express optimism about the changing political landscape affecting the crypto market positively, though caution remains regarding future volatility.