Solana hits all-time high, SEC Chair Gary Gensler resigns, BTC's 'violent breakout'
Description
The past 24 hours saw Bitcoin come within spitting distance of the $100K milestone, continuing one of the best Novembers on record while attracting short positions that may risk a "violent breakout." But don't be fooled: Bitcoin isn't the only thing worth your attention. United States SEC Chair Gary Gensler resigned ahead of President-elect Donald Trump taking office in January, and the SEC's broker-dealer rule was tossed by a US court. Also, the UK — not wanting to be left behind — promised a crypto regulatory framework by early next year. And finally, Solana hits new all-time highs in one of the greatest redemption arcs in crypto's history.
Further reading:
- Bitcoin prints record 40% monthly candle as price crosses $99K
- Bitcoin counts down to $100K BTC price as shorts risk 'violent breakout'
- SEC Chair Gary Gensler to step down
- SEC broker-dealer rule struck down by US courts, big win for crypto
- UK to deliver comprehensive crypto regulation framework by early 2025
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