This week, Bitcoin amazed everyone by reaching an unprecedented high of $93,434.36. Experts predict it might surpass the $100,000 mark by the end of 2024 and reach $150,000 in 2025. Let's look at the latest developments and their potential market influence.
Bitcoin's Record Surge
Bitcoin set a new record this week, reaching a value of $93,434.36. Analysts believe that the cryptocurrency may surpass $100,000 in 2024 and could reach $150,000 by 2025. These forecasts are garnering significant interest from investors.
Appointments in Trump Administration
President-elect Donald Trump has nominated pro-crypto congressman Matt Gaetz as Attorney General. This nomination led to Gaetz's immediate resignation from Congress.
Legal Battles and Investigations
A notable event this week is the withdrawal of the lawsuit against Elon Musk and Tesla alleging Dogecoin price manipulation. Additionally, 18 U.S. states filed a lawsuit against the SEC for regulatory overreach. In other news, South Korea began an investigation into the exchange Upbit for KYC violations.
The crypto world continues to grow and surprise. Recent market and political changes could have a significant impact on its future.
