SEC Boss Gensler Announces When He’s Stepping Down, Crucial Bitcoin Buy Warning Issued by Samson Mow, Shiba Inu Could be on Verge on Breakout: Crypto News Digest by U.Today

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As a seasoned crypto investor with over a decade of experience navigating the volatile and ever-evolving digital asset market, I find myself intrigued by the latest developments in the world of cryptocurrencies, as highlighted by U.Today’s top three news stories.

Take a look at what happened in the world of crypto by reading U.Today’s top three news stories.

SEC boss Gensler announces when he is stepping down

Gary Genler, the head of the U.S. Securities and Exchange Commission (SEC), recently communicated with his followers via a series of tweets, revealing that he will be leaving his position at the agency on January 20, 2025. In this series of posts, Gensler praised the SEC as an exceptional organization, with its dedicated team working tirelessly to safeguard investors. He felt privileged to work alongside these genuine public servants, aiming to maintain the world’s top capital markets. Previous reports from U.Today suggest that Dan Gallagher, currently the chief legal officer at Robinhood, is a leading contender to replace Gensler. However, there are other potential candidates as well. Notably, during his tenure, Gensler took a firm stance on cryptocurrency regulation. Analysts predict that the next SEC leader will likely adopt a more favorable position towards cryptocurrencies.

Crucial Bitcoin (BTC) buy warning issued by Samson Mow

Samson Mow, vocal Bitcoin advocate and the CEO at JAN3, issued a warning as Bitcoin is inching closer to the $100,000 mark. Recently, the flagship crypto hit a record high of $99,000, prompting Mow to take to X platform and warn his followers that the chances of buying BTC below the “$0.10 million” level are diminishing. “You can still buy #Bitcoin for less than $0.10M,” wrote the CEO. Mow attributes his bullish outlook to two factors: a supply shock resulting from the Bitcoin halving that took place in April and an impending demand shock driven by institutional investments through spot Bitcoin ETFs. According to Mow’s prediction, Bitcoin could reach $1 million within the next year, especially as momentum builds following its approach to $100,000.

Shiba Inu (SHIB) on verge of breakout? Bull flag signals $0.000037

As per crypto analyst Ali Martinez’s analysis, Shiba Inu appears to be shaping a bull flag pattern, which could potentially lead to an upward trend towards $0.000037 if it manages to break past the current resistance at $0.000025. This bull flag usually signals a continuation of rising price trends after a surge, followed by a consolidation period that looks like a flag on graphs. Yesterday, Shiba Inu’s price climbed nearly 3.5%, showing signs of recovery from its recent volatile price fluctuations. Despite reaching a high of $0.00003 earlier this month, it has since seen a decline of up to 25% and 18%, but the total gain for this month stands at 38.6%. The analyst underlines that surpassing the $0.000025 resistance is key to the bull flag forming; if not, the pattern might not unfold as expected.

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2024-11-22 18:44