Bitcoin (BTC) is trading above $99,000, just 1% shy of the critical $100,000 mark, which would push its market cap past $2 trillion. With a 2.5% gain in the last 24 hours, BTC shows strong momentum, though profit-booking near this psychological milestone could spark volatility. SEC Chair Gary Gensler, known for his tough crypto stance, plans to leave the commission on January 20 when Trump takes office, potentially reshaping regulatory dynamics.
Solana (SOL) has hit a record high above $260, fueled by ETF-related optimism, while XRP surged 25% as regulatory clarity eased headwinds for Ripple. In contrast, MicroStrategy’s stock tumbled 16%, with investors questioning its valuation despite Bitcoin’s rally.
As markets buzz with activity, all eyes remain on Bitcoin’s approach to $100K, a level that could define the next chapter in the crypto space.
