From Investing.com
December 4, 2024 12:59 PM:
Bitcoin price rebounds as U.S. president-elect Donald Trump plans to name Paul Atkins as new SEC Chair. Atkins, current CEO at Patomak Global Partners, served as SEC commissioner from 2002-08. Bitcoin steadies below recent peaks, waiting for U.S. monetary policy cues and Trump administration impact on crypto. Altcoins perform better. Bitcoin price rises 0.4% to $95,611.0, staying within $90,000 to $100,000 range. Trump’s crypto policies in focus; promises friendlier regulation, potential Bitcoin national reserve. Cabinet picks show pro-crypto positions. Reports suggest shifting crypto regulation to CFTC. Doubts on Trump’s ability to deliver all promises, concerns over potential Bitcoin sale. U.S. government transfers $33.6 million in crypto seized from FTX and Alameda to unidentified addresses. Transactions include 5,024 ether, $18 million in BUSD, $1.5 million in SHIB, and various other tokens. Altcoins move higher as Fed cues awaited; Powell to speak, nonfarm payrolls data due. Altcoin rises nearly 5% to $3,711.62, XRP falls 0.4% after reaching six-year highs. Dogecoin, Solana, and Shiba Inu among other altcoins gaining. Meme coin SafeMoon adds 3.1%.
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