{"id":15621,"date":"2024-11-25T12:47:50","date_gmt":"2024-11-25T09:47:50","guid":{"rendered":"https:\/\/blog.egemoney.com\/?p=15621"},"modified":"2024-11-25T13:01:05","modified_gmt":"2024-11-25T10:01:05","slug":"bitcoin-is-on-the-way-to-100k-who-will-be-the-new-chairman-of-the-sec","status":"publish","type":"post","link":"https:\/\/blog.egemoney.com\/en\/bitcoin-is-on-the-way-to-100k-who-will-be-the-new-chairman-of-the-sec\/","title":{"rendered":"Bitcoin Is On The Way To 100K, Who Will Be The New Chairman Of The SEC?"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]Weekly Economic Calendar:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
Date<\/strong><\/th>\nTime<\/strong><\/th>\nCurrency<\/strong><\/th>\nEvent<\/strong><\/th>\nForecast<\/strong><\/th>\nPrevious Data<\/strong><\/th>\n<\/tr>\n<\/thead>\n
November 27, Wednesday<\/strong><\/td>\n22:00<\/td>\n<\/td>\nFOMC Meeting Minutes<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
November 27, Wednesday<\/strong><\/td>\n<\/td>\nUSD<\/strong><\/td>\nGross Domestic Product (GDP) – (Q3)<\/strong><\/td>\n1.8%<\/td>\n2.5%<\/td>\n<\/tr>\n
November 28, Thursday<\/strong><\/td>\n16:00<\/td>\nEUR<\/strong><\/td>\nGermany Consumer Price Index (CPI) (MoM) (Nov)<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
November 28, Thursday<\/strong><\/td>\n–<\/td>\nUSD<\/strong><\/td>\nU.S. – Thanksgiving Day – Markets Closed<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
November 29, Friday<\/strong><\/td>\n13:00<\/td>\nUSD<\/strong><\/td>\nU.S. Markets Close Early for Thanksgiving (at 13:00)<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Bitcoin Approaching the $100,000 Mark<\/strong><\/h3>\n

Starting November at levels around $69,000, Bitcoin has surged past $98,000 as we approach the end of the month. Nearing the $100,000<\/strong> threshold, it has set a new record and created significant excitement in the markets. During this historic rise, crypto whales have continued their Bitcoin accumulation strategies. These large-scale moves indicate growing investor confidence in Bitcoin and suggest the potential for the leading cryptocurrency’s upward trend to persist.<\/p>\n

\"Bitcoin
\nhttps:\/\/bitcoinmonthlyreturn.com\/<\/a><\/p>\n

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Bitcoin Spot ETFs Continue to Break Records<\/strong><\/span>
\nBlackRock’s iShares Bitcoin Trust ETF (IBIT) achieved a net inflow of $2.05 billion in just one week, solidifying its leadership in the sector. Fidelity\u2019s Fidelity Bitcoin ETF (FBTC) saw a net inflow of $773 million during the same period.<\/span><\/p>\n

Gensler\u2019s Resignation<\/strong><\/span><\/p>\n

Gary Gensler<\/strong>, the Chair of the U.S. Securities and Exchange Commission (SEC)<\/strong>, announced his resignation, effective January 20, coinciding with Donald Trump\u2019s inauguration as president. This news has been a significant factor in Bitcoin\u2019s recent price surge. During his tenure, Gensler took a stringent stance on the crypto industry, emphasizing regulatory measures. However, his resignation raised expectations of reduced regulatory pressure, positively impacting Bitcoin prices<\/strong>.<\/span>
\nThe identity of the next SEC Chair remains unclear, with potential candidates including Robinhood\u2019s Chief Legal Officer Dan Gallagher, former SEC Commissioner Paul Atkins<\/strong>, and current Commissioner Mark Uyeda.<\/strong><\/span><\/p>\n

Solana (SOL) and Spot ETF Developments<\/strong><\/span><\/p>\n

In recent weeks, Solana has garnered attention with its strong price rally, approaching all-time highs and boosting investor confidence. Key drivers of this rise include ecosystem growth, increased institutional interest, and Solana\u2019s fast, low-cost transaction infrastructure.<\/span><\/p>\n