Weekly Crypto Market Wrap November 18-24, 2024
Bitcoin inches toward $100K as altcoins shine. Last week, the crypto market maintained a strong bullish trend. Bitcoin came tantalizingly close to the historic $100,000 mark, falling short by just $300 before ending the week at $96,000. Meanwhile, BTC dominance saw a rare decline, creating more room for altcoins to grow. The Altseason Index showed positive momentum, climbing from 33 to 45 points. Is this the beginning of a new altcoin boom?
SEC gears up for change. On January 20, 2025, Gary Gensler will step down as SEC chair. But who will take the reins? The frontrunner is Teresa Goody Guillén, a seasoned SEC attorney known for her expertise in corporate regulation and securities. Will her leadership mark a departure from Gensler’s controversial approach?
Senator Lummis unveils BTC regulation plan. Senator Cynthia Lummis has proposed a seven-point plan for Bitcoin regulation. The buzz around her proposal suggests it’s as ambitious as Elon Musk’s infamous morning to-do lists.
Michael Saylor and Bitcoin mining in Windows? Michael Saylor is pushing Bitcoin adoption to new heights. The MicroStrategy founder is reportedly in talks with Microsoft’s board of directors. Could Windows 12 become the first operating system with a built-in Bitcoin wallet? The crypto world waits in anticipation.
Challenges for Bitcoin mining and taxation. Not all Bitcoin news was rosy. BTC mining difficulty volatility hit a historic high, creating uncertainty for miners. Adding to the challenges, South Korea announced plans to implement a 20% cryptocurrency tax by 2025. Could this become a new hurdle for the market?
Telegram introduces Mini Apps 2.0. Pavel Durov delighted blockchain enthusiasts by announcing Mini Apps 2.0 for Telegram. The update aims to simplify blockchain integration in daily life.
Trump meets Coinbase CEO. Meanwhile, former President Donald Trump met with Coinbase CEO Brian Armstrong. The details remain under wraps, but it hints at major developments on the horizon.
Solana surges amid ETF buzz. Solana (SOL) reached a new all-time high following speculation about potential spot Solana ETFs. It’s gaining so much traction that soon, a single SOL might cost more than a ticket to a Beyoncé concert.
Tron’s Justin Sun invests in art. Tron founder Justin Sun made headlines for spending $6.24 million on Maurizio Cattelan’s art piece, The Comedian—a banana duct-taped to a wall. Crypto meets high art, indeed.
Poland’s Bitcoin reserve proposal. Polish presidential candidate Sławomir Mentzen has made an unusual campaign promise: to establish a strategic Bitcoin reserve for the country if elected. Could this signal a new trend for national crypto adoption?
Upcoming major token unlocks:
SUI: $221.47m (2.3%)
OP: $73.03m (2.6%)
IMX: $43.40m (1.4%)
ZETA: $40.44m (10.5%)
1INCH: $40.40m (7.9%)
ADA: $39.21m (0.1%)
APEX: $17.46m (18.9%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
