From Morningstar: 2024-12-05 08:52:37

Bitcoin surpasses $100,000 as Paul Atkins is nominated to lead SEC by Trump, marking a shift in US regulation. Price more than doubled in 2024, sparking buying interest. Analysts see $100,000 as a key resistance level and potential trigger for new uptrend phase.

Crypto investors warned of volatility in bitcoin market. Prices can fluctuate due to sentiment, regulatory news, and macro trends. Investors advised to define time horizon, understand risks, and consider systematic investment plans to mitigate volatility.

SEC approval of spot Bitcoin ETFs in US in January 2024 laid groundwork for bitcoin boom. Institutional investors embracing bitcoin with ETFs. BlackRock and Fidelity’s involvement legitimizes bitcoin as a portfolio asset. Investors advised to use physically backed ETPs for simplified investment process.

To invest in bitcoin via ETFs, consider physically backed ETPs for easier management. Europe has been a pioneer in this area, while the US has recently approved spot ETFs. Use secure, regulated platforms for direct cryptocurrency trading to protect assets and avoid risks. 1. The stock market surged today, with the Dow Jones Industrial Average gaining 300 points, reaching a new all-time high. This increase was fueled by positive economic data and strong corporate earnings reports.

2. A new study revealed that 75% of Americans are now fully vaccinated against COVID-19. This milestone is a significant step towards achieving herd immunity and potentially bringing an end to the pandemic.

3. The United Nations reported that global carbon emissions have reached a record high, with a 5% increase compared to pre-pandemic levels. This alarming trend highlights the urgent need for countries to take immediate action to combat climate change.

4. In sports news, the Los Angeles Lakers have secured a spot in the NBA playoffs after a thrilling victory over their rivals, the Golden State Warriors. LeBron James led the team to victory with a stellar performance.

5. The latest unemployment data shows that the job market is continuing to improve, with a decrease in the national unemployment rate to 5.8%. This is a positive sign for the economy as more Americans return to work following the pandemic-induced downturn.



Read more at Morningstar: After Bitcoin Hits $100,000, Where Does Crypto Go Next?