Bitcoin nears $100,000 as SEC chair Gary Gensler announces he will step down [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
The unprecedented run, which has extended to the broader crypto markets, comes in the wake of Donald Trump's election victory, and widespread expectations that he and a Republican Congress will usher in an era of favorable regulation for digital assets. Since election night, the industry's market cap has grown over $1 trillion. Adam McCarthy, research analyst at crypto data firm Kaiko, told Fortune that if investor interest continues the way it has, he expects Bitcoin to cross the $100,000 mark before the end of the year. “If that appetite continues, if the inflows that we've seen into ETFs this year continue, then that should structurally set things up for an interesting end of the year,” McCarthy said. He says that Bitcoin becoming a six-figure asset will signal to traders a recognition that it is a legitimate store of value that is not going away. “It's just a huge milestone,” McCarthy said. “It's validation as much as it is just exciting as well.” On Thursday, Bitcoin h
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COIN
News
- SEC Chair Gary Gensler stepping down as crypto industry pushes for friendlier agency [Yahoo! Finance]Yahoo! Finance
- Crypto industry jockeys for seats at Trump's promised council [USA TODAY]USA TODAY
- Gary Gensler resigns as SEC chair, sparking celebration across crypto industry [Yahoo! Finance]Yahoo! Finance
- What is the 'kimchi premium'? What bitcoin investors need to know. [Yahoo! Finance]Yahoo! Finance
- Bitcoin nears $100,000 as SEC chair Gary Gensler announces he will step down [Fortune]Fortune
COIN
Earnings
- 10/30/24 - Miss
COIN
Sec Filings
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- COIN's page on the SEC website