Rickie Rodenburg m8bO

With the new year approaching, where do you think Bitcoin will go next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! 
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
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Bitcoin at $95,000: Is $100K on the Horizon or a Steeper Road Ahead?

The crypto world continues its rollercoaster ride this Thanksgiving, with Bitcoin flirting near $95,000 after a failed attempt to breach $98,000. Historically, holidays like Thanksgiving have been periods of heightened market volatility, and the crypto space is no exception. While Bitcoin struggles to push past key resistance levels, altcoins like Ethereum and BNB show contrasting fortunes, adding an extra layer of intrigue.
Market Snapshot
🟢 Bitcoin (BTC): $95,000 (+1%)
Despite bullish attempts, Bitcoin is yet to decisively break past $100K. The resistance zone near $98K remains firm, with selling pressure surfacing each time it tests new highs. Analysts suggest we might see increased activity over the weekend as traders react to global economic news and regulatory developments.
🟢 Ethereum (ETH): $3,601 (+4%)
Ethereum remains a market leader in altcoins, showing resilience and a healthy gain. Upcoming updates and Ethereum's ecosystem expansion continue to attract investor interest.
🟢 Binance Coin (BNB): $656.23 (+5%)
BNB leads the charge among major tokens, riding high on the growing popularity of Binance's ecosystem and platform improvements.
🔴 Cardano (ADA): $0.9887 (-2%)
Cardano struggles to maintain momentum, reflecting broader uncertainty in the crypto space about Ethereum challengers.

Regulatory Updates
The U.S. is rethinking its crypto policies as former CFTC chair Chris Giancarlo (nicknamed "Crypto Dad") emerges as a strong candidate for a leadership role in shaping future regulations. Giancarlo has been a staunch advocate for technology-driven oversight, favoring the CFTC over the SEC for crypto regulation.
Meanwhile, Senator Cynthia Lummis is pushing for the U.S. to consider establishing a Bitcoin reserve to secure its position in the global financial ecosystem. Could we see the U.S. moving closer to integrating crypto into its financial strategy?

Global Competition: Hong Kong’s Bold Move
In a bid to rival Singapore and Switzerland, Hong Kong has proposed tax exemptions for private equity funds, hedge funds, and family offices dealing in crypto. This move could transform the city into a crypto and offshore finance hub. The Chinese territory is taking aggressive steps to attract the super-rich and their investment vehicles as mainland China clamps down on wealth accumulation.
"These measures are essential to level the playing field with global financial hubs like Singapore and Luxembourg," said Patrick Yip of Deloitte China.
What’s Next?
Bitcoin’s Milestone: A potential breakout above $100K could trigger a new wave of institutional and retail interest. Regulatory Clarity: The U.S.'s regulatory stance will influence global sentiment, especially with Trump’s transition team considering key appointments. Global Hubs: Hong Kong’s aggressive policies could shift the balance of power in the crypto industry.
🚨 Disclaimer: This post is for informational purposes only. Cryptocurrency investments are highly volatile and speculative. Always conduct thorough research or consult a financial advisor before investing.

What are your thoughts on Bitcoin’s next move or Hong Kong’s tax exemption plan? Share your insights below!
#BinanceHODLerTHE #MarketInTheGreen #EthereumAwakening? #MarketBuyOrHold? #BTC☀
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