Bitcoin Update: Rally, Altcoin ETFs, Solana Struggles & Regulatory Changes
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In this week's Coin Bureau News, the team delves into the disappointing absence of a Bitcoin Santa rally, leaving many crypto enthusiasts feeling like they've been given socks for Christmas. They explore the tantalizing prospect of altcoin ETFs on the horizon, especially with a potential regime change at the SEC. As the crypto world braces for regulatory shifts, the spotlight falls on which altcoins could secure a coveted ETF approval next, adding a layer of intrigue to the market.
Solana, the once high-flying crypto darling, finds itself in a turbulent tailspin after a stellar 2024 performance, raising questions about whether this sixth-largest crypto has run out of steam. Meanwhile, across the pond, new regulatory mandates in Europe are shaking things up by demanding the delisting of USDT from exchanges. Despite the initial shockwaves, the Coin Bureau team reassures viewers not to hit the panic button, offering a calm perspective on the situation.
Amidst the market tumult, the team dissects Bitcoin's recent price actions, including discussions on a potential strategic reserve and the overall market sentiment. They analyze various bullish and bearish indicators, from liquidity levels to CME gaps, painting a comprehensive picture of where the crypto giant may be headed next. Despite the possibility of a flat or bearish end to the year for Bitcoin, the team reflects on the remarkable growth the cryptocurrency has witnessed throughout 2024, reminding viewers to celebrate the wins amidst the market's ebbs and flows.
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Image copyright Youtube
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