Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest

The price of Bitcoin soared 119% in 2024, and the bulls have been out in full force, making predictions about where the cryptocurrency is headed.

Bitcoin soars to $108,899 on inauguration day, followed by Ross Ulbricht’s pardon, new SEC crypto regulations, legislative advances by Senator Lummis, and a violent attack on a Ledger wallet founder.

The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets.

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.

Skew referenced a “well defined consolidation” taking place on BTC/USD, flagging $102,000 and $106,000 as the key levels for bulls to capture definitively. “$106,000 is what i want to see on Bitcoin today,” fellow trader Crypto Tony agreed. An accompanying chart maintained an increasingly popular near-term BTC price target of around $122,000.

President Donald Trump this week signed an executive order to establish U.S. dominance in the digital asset market and make the country the global center of crypto. But does that order deliver on what Trump said he'd accomplish?

Bitcoin and other cryptocurrencies recoiled after Trump's first set of policies following inauguration did not refer to this asset class.

Ongoing presidential backing for digital assets is a key determinant for the continuation of 'crypto's golden era,' the report said.

Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.

CBOJ, the first of three ETFs, provides investors with 100% downside protection while offering 10% to 11.5% upside potential over a one-year period, according to a press release. A representative of Calamos told CoinDesk that as of 12:11 p.m. ET, the ETF traded roughly 635,714 shares.

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