🌟 Trump appoints Atkins to the SEC, 🚀 Bitcoin surpasses $100,000
Welcome to the Daily Tribune for Thursday, December 5, 2024 ☕️
Hello Cointribe! 🚀
Today is Thursday, December 5, 2024, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
🚀 Bitcoin crosses $100,000: A historic milestone
Bitcoin reaches an unprecedented milestone in 2024 by surpassing the symbolic threshold of $100,000, marking a major step for the leading cryptocurrency. This spectacular progress (+126% since January) reflects increased institutional adoption, supported by record flows of $31 billion into Bitcoin ETFs in the United States.
The reduction in supply caused by the April halving reinforces this dynamic by making each unit more valuable. The political impact is also significant: Donald Trump's victory, accompanied by pro-crypto decisions such as the appointment of Paul Atkins as head of the SEC, has fueled investor enthusiasm. Moreover, iconic companies are adopting Bitcoin as a strategic pillar, illustrating its growing integration into the global economy.
🌟 Binance, the undisputed leader in crypto investments in 2024
In 2024, Binance confirms its role as the platform of choice for crypto investors with record deposits, reaching an average daily of 2.77 BTC, vastly surpassing Kraken (0.56 BTC) and Coinbase (0.41 BTC). This success is driven by the growing interest of institutional investors, attracted by the liquidity and security offered. In November, Binance recorded a peak of 6.85 BTC in daily deposits (approximately $465,000).
This capital boom is part of a broader trend: the massive integration of cryptos into institutional investment strategies, facilitated by innovations like Bitcoin ETFs. Donald Trump's re-election also contributed to this surge, thanks to promises of pro-crypto regulations.
🏆 BlackRock accumulates BTC
BlackRock has amassed 500,380 BTC, which represents 2.38% of the total bitcoins in circulation, through its iShares Bitcoin Trust (IBIT) ETF. With an estimated value of $48 billion, this ETF now surpasses pioneers like MicroStrategy in terms of Bitcoin holdings. The IBIT appeals for its simplicity and security, allowing institutional investors to gain exposure to BTC without the management or tax constraints.
With transactions reaching $1.9 billion on the first day of IBIT options launch, BlackRock reaffirms its role as a key player in the evolution of cryptos.
⚖️ Trump appoints Paul Atkins to replace Gary Gensler at the SEC
Donald Trump announced the appointment of Paul Atkins, a former SEC commissioner known for his pro-crypto positions, as the head of the agency, replacing Gary Gensler. Atkins, founder of Patomak Global Partners and co-chairman of the Token Alliance, has extensive experience in the field of digital assets and is recognized for his advocacy of transparency and investor protection.
This appointment marks a turning point for the crypto industry, often facing repressive actions under Gensler, who initiated 104 lawsuits against blockchain companies between 2021 and 2023, costing the industry over $426 million in legal fees. With this change in leadership, many analysts anticipate a more favorable climate for cryptos, particularly with a reduction in lawsuits and an increase in ETFs like those based on Solana, which have recently seen an increase in deposits.
🎄 Genezys launches its sports Advent calendar
To celebrate the holidays, Genezys unveils a unique Advent Calendar for sports enthusiasts. Each day, from December 1 to 24, a virtual window reveals exclusive surprises accessible on Instagram and a dedicated page. Participants can enjoy discounts on Fancards, participate in games and challenges, and win prestigious gifts, such as sports weekends in Europe or shopping vouchers.
With hidden treasures such as a sporting stay or Christmas challenges, Genezys blends festive spirit and sports passion to offer a memorable December.
Cryptocurrency of the day: Render Network (RENDER)
Render Network (RENDER) is based on an innovative blockchain dedicated to the decentralized provision of GPU computing power, facilitating applications such as 3D rendering and machine learning.
The native crypto, RENDER, is used to compensate node operators who lease their GPU capacity to artists and developers. This approach transforms unused resources into productive value. Distributed mainly through incentive mechanisms and exchanges, RENDER offers advantages such as increased liquidity and participation in a thriving ecosystem.
Holders can use it to pay for services, access advanced features, or as an investment in a fast-growing market.
Recent Performance
Current price: €10.07
Variation (24h): +11.7%
Market capitalization: €5.21 billion
CoinMarketCap rank: 37
Technical Analysis: VeChain (VET)
VeChain (VET) has undergone a spectacular rebound after a period of decline that brought its price down to $0.019. A consolidation in the form of a double bottom has triggered strong bullish momentum, propelling VET to $0.08, its highest level since 2022.
Currently, VeChain is trading around $0.069, supported by positive technical signals, including bullish crossovers on moving averages and reinforced momentum. However, the high volatility could indicate a pause or impending correction, especially as oscillators show a slight uptick in selling pressure.
Open interest in VET/USDT perpetual contracts and rising funding rates reflect confidence in the continuation of the bullish movement.
The next resistances are at $0.080, $0.085, and potentially $0.12 if the trend continues. Conversely, a break below $0.038 could bring the price back to $0.030 or even $0.023. The identified liquidation zones (notably around $0.078 and $0.060) will be crucial to monitor volatility movements.
🔗 Read the full analysis here.
