### Bitcoin's Upward Momentum

Bitcoin has been on a **remarkable upward trajectory**, continuing its **bull run** and reaching an **all-time high** just under the **$100,000 mark**. 

This recent surge has captured the attention of investors and market analysts alike, leading many to speculate about the future of cryptocurrency. **What does this mean for potential investors?**

### Key Insights

- **Market Sentiment:** The current market sentiment surrounding Bitcoin is undoubtedly **bullish**, with many anticipating further growth.
- **Investment Strategies:** Investors are encouraged to consider their strategies carefully, as the volatility of cryptocurrency can lead to both significant gains and losses.
- **Future Predictions:** Experts are weighing in on what the next steps could be for Bitcoin and whether it can maintain this momentum or face corrections.

Stay tuned for more updates as we continue to monitor Bitcoin's performance in the market!

Bitcoin continued its upward momentum on Friday, reaching a new all-time high just under the $100,000 mark. Watch in for more details!

Bitcoin Soars to New Heights: What You Should Know About the $100,000 Milestone

## Bitcoin's Potential for Growth

The **derivatives market** is indicating a **small chance** for further upward momentum for **Bitcoin** as we approach January, following its recent historic rise above **$100,000**. Sean Dawson, the head of research at DeFi derivatives protocol **Derive**, highlights this trend.

> “We continue to see a **10.5% probability** of **Ethereum** reaching **$6,000** and a **6% likelihood** for **Bitcoin** surpassing **$150,000** by **January 31**,” Dawson stated in an interview with **Decrypt**.

### Market Stability

Dawson noted that the **25 delta skews** have remained stable, suggesting that traders' expectations regarding price direction or risk have not shifted significantly. This stability follows Bitcoin’s surge above **$100,000** last Wednesday, which was accompanied by significant volatility, causing the asset to dip to an **eight-day low** of **$92,000** shortly after.

Currently, Bitcoin's price has regained some ground, holding steady at **$99,260** according to **CoinGecko** data. Dawson explained that the weekend typically results in quieter markets and subdued price movements, allowing the market a chance to **stabilize**.

### Institutional Influence

Dawson pointed out that the recent influx of institutional investment, particularly from firms like **MicroStrategy** and **BlackRock**, has had an outsized impact on Bitcoin's pricing. The recent election of President-elect **Donald Trump**, who has promised to implement a strategic Bitcoin reserve in the U.S., has reignited interest among both retail and institutional investors.

### New Price Discovery Zone

As the market enters a new phase of price discovery, analysts caution that it could either push prices higher or lead to selling pressure that might bring Bitcoin back below **$100,000**. 

> “We are now in a new price discovery zone,” stated **QCP Capital**, emphasizing the unpredictability of the current market dynamics.  

Keep an eye on these developments as the market evolves!

The derivatives market for Bitcoin and Ethereum shows a small chance the digital assets will continue to rise to fresh highs by January.

Bitcoin's Price Surge: Could It Hit $150,000 by January? Insights from Derive

Bitcoin is not merely a **technological innovation**; it represents a **transformative force** reshaping our understanding of money, governance, and economic sovereignty. Through my exploration of its potential, I've come to believe that Bitcoin provides solutions to urgent global issues while promoting **long-term stability** and **individual empowerment**.

### A Journey of Transformation
My journey with Bitcoin was catalyzed by systemic challenges like **inflation** and **centralization**. Starting a family shifted my focus toward **legacy** and **sustainability**, prompting me to adopt a lower time preference—central to Bitcoin’s philosophy. Unlike traditional fiat systems that promote **short-term thinking**, Bitcoin’s principles of **scarcity** and **incorruptibility** align with governance systems that value **generational stability**. This understanding became particularly clear during the **Covid-19 pandemic**, which exposed the fragility of global monetary frameworks and underscored the necessity of Bitcoin.

### Bitcoin: A Tool for Freedom
Bitcoin transcends being a mere **store of value**; it serves as a **tool for protecting freedoms** and cultivating decentralized financial networks. Its potential is especially significant in regions like the **Middle East** and **North Africa**, where economic transformation is gaining momentum.

### Unique Advantages of the Middle East
Countries in this region are ideally positioned to leverage Bitcoin due to their **transition from oil-based economies** to knowledge-driven sectors, abundant energy resources, and a **youthful, tech-savvy** population. For instance, **Bitcoin mining** can monetize excess energy while attracting investments in both renewable and traditional energy sectors. This dual advantage positions the region as a **global leader** in Bitcoin adoption.

![Bitcoin Mining](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fcdn.jwplayer.com%2Fv2%2Fmedia%2FT7lhjlZw%2Fposter.jpg%3Fwidth%3D480%26thumbnail_version%3D1?smart=true&auth=ad2b7974b9b4b02df9049e58cf981dfc37c3e4f3eb262db6b5bbdd67ae9c8d55&width=480&height=270)

### Cultural Resonance
Cultural factors bolster Bitcoin’s appeal in the region. **Islamic financial principles**, which emphasize fairness, transparency, and incorruptibility, resonate with Bitcoin's core values. Additionally, the reliance on **remittance-driven economies** showcases Bitcoin’s effectiveness as a low-cost, borderless alternative to traditional finance. For nations aiming to empower **underbanked populations** and improve financial inclusion, Bitcoin is indeed a game-changer.

### National Benefits of Bitcoin Adoption
On a national scale, Bitcoin adoption presents profound advantages. It allows governments to **hedge against economic volatility**, enhance **transparency**, and combat corruption. By reducing reliance on inflation-prone fiat systems, countries can amass reserves in an **incorruptible**, borderless asset. Such policies not only attract **innovation** and **talent** but also enable nations to thrive in a decentralized global economy.

### Advancing Bitcoin Adoption
Organizations like **JAN3** are pivotal in promoting Bitcoin adoption at the state level. By developing infrastructure, fostering policy innovation, and advocating for Bitcoin mining as a strategic asset, they unlock Bitcoin’s potential for achieving **financial sovereignty**. Mining can convert untapped energy into economic resilience, stabilizing power grids and creating new revenue streams.

### Bitcoin's Broader Impact
Bitcoin’s transformative potential extends beyond individuals or corporations; it encompasses governments and entire economies. Events like **Bitcoin Mena** highlight how Bitcoin can tackle global challenges such as inflation and limited financial inclusion while positioning regions as **leaders in innovation**.

The world stands at a **crossroads**. By embracing Bitcoin, we can pave the way for a more **stable**, **equitable**, and **decentralized financial future**, fostering economic freedom and sovereignty for generations to come.

For starters, cultural factors in the region further support digital currency’s resonance

Unlocking Bitcoin's Potential: Why the Middle East is Poised for a Crypto Revolution

### **Market Overview**
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all facing significant resistance at critical levels, hinting at a potential pullback in the coming days.

### **Bitcoin Bulls Show Signs of Exhaustion**
Bitcoin's recent price action indicates **bearish momentum** on the RSI indicator, suggesting a potential decline ahead. After reaching an **all-time high (ATH)** of **$104,088**, BTC sharply fell to a daily low of **$90,500**, recovering slightly to close above **$96,900**. Currently, it trades around **$99,500**.

Despite this recovery, the **RSI** signals warning signs of a **bearish divergence**, hinting at a possible short-term correction. Traders should prepare for a small rally towards the recent high of **$104,088** before a potential drop to the **$90,000** support level. A close below this level could extend the decline to **$85,000**.

![BTC/USDT daily chart](https://editorial.fxsstatic.com/miscelaneous/BTCUSDT_2024-12-09_07-46-56-638693117661662414.png)

If BTC manages to close above **$104,088**, it could continue its rally towards a new ATH of **$119,510**, aligning with the **141.4% Fibonacci extension**.

### **Ethereum Price Set for a Pullback**
Ethereum has also shown strength, rallying **8%** last week but facing resistance at the **$4,000** mark. Currently trading around **$3,948**, if this resistance holds, ETH may decline to retest its support at **$3,721**. The **RSI** on the daily chart has dropped from the overbought level, indicating a weakening bullish momentum.

![ETH/USDT daily chart](https://editorial.fxsstatic.com/miscelaneous/ETHUSDT_2024-12-09_08-02-22-638693118804806195.png)

Should ETH break above **$4,000**, it could extend its rally to **$4,200**.

### **Ripple Price Faces Downturn**
Ripple is currently trading around **$2.47** after facing resistance at **$2.66**. If this level continues to resist, XRP may retest the psychologically significant level of **$2.00**. The **RSI** indicates a potential sell signal if it exits the overbought territory.

![XRP/USDT daily chart](https://editorial.fxsstatic.com/miscelaneous/XRPUSDT_2024-12-09_08-18-13-638693119418061989.png)

Conversely, if XRP breaks above **$2.66**, it could extend its rally towards **$3.00**.


Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) all face resistance at their crucial level, indicating a pullback in the upcoming days. 

Brace for Impact: Bitcoin, Ethereum, and Ripple Show Signs of a Pullback

Coinbase COO **Emilie Choi** has called **Caroline Crenshaw**, one of the two SEC commissioners who opposed Bitcoin ETFs, **'anti-crypto.'**

On **December 11**, the U.S. Senate Banking Committee will vote on whether to renominate Crenshaw, a **Democrat SEC commissioner** known for her **critical stance** on cryptocurrencies. The crypto community is voicing its frustration over her potential re-election.

## Crenshaw is ‘anti-crypto,’ says Coinbase COO
Crenshaw, who took office in **August 2020**, was notably against the approval of **spot Bitcoin exchange-traded funds (ETFs)**. In her dissenting letter regarding the SEC's decision, she stated:
> “I fear that today we are setting ourselves up for tomorrow’s failure, and it will be the investors that we have a duty to protect who will ultimately pay the price.”

Only one other SEC commissioner, **Jaime Lizárraga**, sided with her against Bitcoin ETFs.

**James Seyffart**, a Bloomberg ETF analyst, has noted that Crenshaw is even more **vehemently anti-crypto** than SEC chair **Gary Gensler**, who has faced criticism himself. Seyffart remarked that she served as more than just an ally to Gensler.

In a recent post on **X**, Emilie Choi stated:
> “Caroline Crenshaw is anti-crypto. She even embarrassingly opposed Bitcoin ETFs. The SEC has to change.”

As the Senate vote approaches, frustration mounts within the crypto community. **Alexander Grieve**, from crypto investment firm **Paradigm**, referred to Crenshaw's potential renomination as “one last **gift** for crypto” from outgoing Democrat Senate Banking Chair **Sherrod Brown**.

If confirmed, Crenshaw's position in the SEC would extend until **2029**. Conversely, if she is not confirmed, **president-elect Donald Trump** could nominate a replacement.

**Austin Campbell**, CEO of digital payments firm **WSPN**, expressed his dissatisfaction in a post:
> “I will remind all Democrats that Caroline Crenshaw voted that the SEC should disobey a Federal judge, break the law, and instead reject BTC ETFs after being ordered to approve them by a court.”

## Trump’s SEC chair pick has received the crypto community’s approval
Earlier this week, Trump appointed **Paul Atkins**, a former SEC commissioner known for his **pro-crypto** stance, as the new SEC chief. The crypto community welcomed this news enthusiastically.

Atkins, who served from **2002 to 2008**, is expected to adopt a more lenient approach toward crypto regulation compared to Gensler. **Paul Grewal**, Coinbase's chief legal officer, stated that Atkins' nomination is **“sorely needed and cannot come a day too soon.”**

Coinbase COO Emilie Choi called Caroline Crenshaw, one of two SEC commissioners to oppose Bitcoin ETFs, 'anti-crypto.'

Crypto Industry's Outrage: Will SEC's Caroline Crenshaw Be Renominated?

### Bitcoin Enthusiasts Head to Abu Dhabi
As the world watches, **Bitcoin fans** are making their way to **Abu Dhabi**, a hub that is rapidly becoming a focal point for cryptocurrency discussions and developments. The city's growing interest in digital currencies is attracting enthusiasts and investors alike.

### Economic Updates from the US and Germany
Meanwhile, economic indicators are stirring conversations globally. Recent **inflation updates** from the **United States** and **Germany** are causing ripples in financial markets. Investors are keenly observing these developments as they can significantly influence cryptocurrency valuations.

### ECB's Potential Rate Cut
In Europe, the **European Central Bank (ECB)** is anticipated to lower **borrowing costs** by a quarter-point. This decision could have profound implications for both traditional and crypto markets, as lower interest rates often lead to increased investment in riskier assets like Bitcoin.

Stay tuned as these stories unfold, impacting the market sentiment and the future of cryptocurrency investment strategies.

Plus, inflation updates from the US and Germany while the ECB is expected to lower borrowing costs by a quarter-point

Bitcoin Buzz: Reeves in Brussels and Fans Flock to Abu Dhabi Amid Economic Shifts

![Peter Schiff Questions Jim Cramer's Bullish Bitcoin Take](https://s.yimg.com/ny/api/res/1.2/c1Y103wo6XZTezsGKPl7IA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/benzinga_79/7b3683f11107532d33b745bf6f92d631)

Staunch **Bitcoin** (CRYPTO: BTC) critic **Peter Schiff** has voiced skepticism over financial analyst **Jim Cramer’s** bullish outlook on the cryptocurrency, suggesting that such statements are often made at market tops.  

### What Happened
Schiff expressed his views on social media platform X, particularly after Cramer celebrated Bitcoin’s recent milestone of surpassing **$100,000** for the first time. Cramer, known for his show **Mad Money** on CNBC, emphasized his long-term support for Bitcoin, having initially invested when it was valued at around **$10,000** in September 2020. He proposed that investors could consider allocating **10%** of their portfolios to Bitcoin as a means of diversifying and as an alternative to gold.  

However, Schiff interpreted Cramer’s bullish statements as indicators of a potential market top, stating, **“These seem like the type of statements typically made at market tops!”**  

### Why It Matters
Schiff, known for his skepticism towards Bitcoin, had previously dismissed the notion that Bitcoin would ever reach **$100,000** back in 2019. After the cryptocurrency achieved this milestone, he attributed its rise to **government interventions** and **political payoffs** rather than market fundamentals. Cramer, meanwhile, continues to be a polarizing figure in finance, with some traders employing the **"Inverse Cramer"** strategy, betting against his recommendations without clear evidence of profitability.  

### Summary
The ongoing discourse between Schiff and Cramer highlights the contrasting views within the financial community regarding Bitcoin's future. As Bitcoin fluctuates around the **$100,000** mark, the debate over its legitimacy and potential continues to captivate investors and analysts alike.

Staunch Bitcoin (CRYPTO: BTC) critic Peter Schiff questioned financial analyst Jim Cramer’s bullish stance on the cryptocurrency on Thursday, likening it to remarks made at market tops. What Happened: Schiff took to X to share his thoughts on Cramer’s ...

Peter Schiff Challenges Jim Cramer's Optimism on Bitcoin as It Dips from $100K: Are We at a Market Top?

### **Hawk Tuah Girl Faces Backlash Over Failed Memecoin**

**Haliey Welch**, known as the **Hawk Tuah Girl**, recently found herself at the center of controversy during a **X Spaces** session, where she faced accusations regarding her failed **HAWK memecoin** venture. In a striking moment, she abruptly announced that she was "**going to bed**," leaving the audience in shock.

During the session, hosted by **YouTuber Voidzilla**, Welch was questioned by crypto expert **Nick O’Neal** about the **token fees** associated with HAWK, which had plummeted by more than **90%** shortly after its launch. The memecoin, which launched on the **Solana blockchain**, initially surged in value but quickly fell, leading to allegations of a **scam**.

**HAWK** launched at a price of **$0.005492** and reached a market cap of **$490 million** before crashing to just **$60 million**. Many have speculated that the steep decline was due to **insider trading** and **snipers** controlling a significant portion of the token's supply.

### **A Mic-Drop Moment**

Haliey interrupted O’Neal mid-question, stating, "I’m going to go to bed and I’ll see you guys tomorrow," which prompted a surprised reaction from Nick. The incident has since sparked discussions about the accountability of memecoin creators and the risks involved for investors.

**Memecoins**, often based on memes and pop culture, have gained notoriety for their volatile nature, with many investors facing significant losses. The HAWK venture has raised questions about investor protection in the cryptocurrency space.

![Haliey Welch](https://i2-prod.dailystar.co.uk/incoming/article34273276.ece/ALTERNATES/s615b/0_Hailey-Welch-Visits-The-SiriusXM-Studio.jpg)
*Haliey Welch, facing backlash over her failed memecoin venture (Image: Getty Images)*

### **Key Takeaways**
- **Haliey Welch** shut down accusations of her memecoin being a scam during a live session.
- The **HAWK memecoin** experienced a significant drop of over **90%** in value shortly after launch.
- Welch's sudden exit from the conversation left many shocked and raised concerns about the accountability of cryptocurrency creators.
- The discussion highlights the risks associated with investing in **memecoins**.

Hawk Tuah girl Hailey Welch shut down criticism of her failed HAWK memecoin venture on a X Spaces conversation in a mic-drop moment amid accusations her cryptocurrency was a scam

Bitcoin Soars to New Heights: What You Should Know About the $100,000 Milestone

Summary:

Bitcoin's Upward Momentum

Key Insights

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Other Latest News

Bitcoin's Price Surge: Could It Hit $150,000 by January? Insights from Derive

Unlocking Bitcoin's Potential: Why the Middle East is Poised for a Crypto Revolution

Brace for Impact: Bitcoin, Ethereum, and Ripple Show Signs of a Pullback

Crypto Industry's Outrage: Will SEC's Caroline Crenshaw Be Renominated?

Bitcoin Buzz: Reeves in Brussels and Fans Flock to Abu Dhabi Amid Economic Shifts

Peter Schiff Challenges Jim Cramer's Optimism on Bitcoin as It Dips from $100K: Are We at a Market Top?

Hawk Tuah Girl Hailey Welch's Bold Response to Memecoin Scam Allegations

Other Latest News

Bitcoin's Price Surge: Could It Hit $150,000 by January? Insights from Derive

Unlocking Bitcoin's Potential: Why the Middle East is Poised for a Crypto Revolution

Brace for Impact: Bitcoin, Ethereum, and Ripple Show Signs of a Pullback

Crypto Industry's Outrage: Will SEC's Caroline Crenshaw Be Renominated?

Bitcoin Buzz: Reeves in Brussels and Fans Flock to Abu Dhabi Amid Economic Shifts

Peter Schiff Challenges Jim Cramer's Optimism on Bitcoin as It Dips from $100K: Are We at a Market Top?

Hawk Tuah Girl Hailey Welch's Bold Response to Memecoin Scam Allegations