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The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets.

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.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

The world's leading cryptocurrency may reach $160,000 later this year, and even jump to $240,000 in a best-case scenario, according to an expert.

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

The president's executive order on digital assets and the SEC's crypto task force could set off a flurry of changes for crypto operations in the U.S.

Virtuals Protocol has announced its expansion to the Solana blockchain, known for its high speed and scalability. This strategic move

Nasdaq has submitted a proposal to enable in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT).