BTC Reaches $100K, Trump Chooses Paul Atkins as SEC Chair, and Other Highlights: Hodler’s Digest, Dec. 1 – 7

Bitcoin has hit a major milestone by reaching $100,000 for the first time ever. This is a huge deal for the cryptocurrency world and marks a year of remarkable growth. Just a few weeks ago, Bitcoin hit $90,000, so this recent jump to $100,000 is a significant achievement.

In another development, US President-elect Donald Trump has chosen pro-crypto figure Paul Atkins to take over as the head of the Securities and Exchange Commission, replacing Gary Gensler. Atkins has a strong background in finance and has been actively involved in the digital assets industry. This move aligns with Trump’s promise to support the crypto community that he made during his campaign.

On the Ethereum side, the price of Ether has surpassed $4,000 for the first time since March. This comes after months of relatively low price performance, and analysts believe that Ether could potentially reach $7,000 in the current market cycle. The recent surge in Ether’s price is attributed to various factors, including increased institutional interest and a vibrant ecosystem of developers working on the Ethereum blockchain.

Meanwhile, the launch of the Hawk Tuah memecoin by influencer Haliey Welch has caused quite a stir. The token experienced a rapid price increase followed by a sharp decline amidst controversy surrounding its launch. Welch denied any involvement in insider trading or manipulation.

Overall, the cryptocurrency market continues to see fluctuation, with Bitcoin trading at over $100,000, Ether at $4,000, and XRP at $2.44. The total market cap stands at an impressive $3.69 trillion. By keeping an eye on the market trends and staying informed about the latest developments, investors can navigate these fluctuations and make informed decisions about their crypto holdings.