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With the confirmation of the election of former President Donald Trump as the 47th President of the United States, Bitcoin (BTC) continued its explosive rise, reaching an all-time high of $81,500 on the 11th. Bitcoin recorded a total market capitalization of $1.59 trillion (about 139.8 trillion won) on the 11th, along with a sharp influx of buy orders.
2. Cryptoquant CEO "Bitcoin Will Go Back to $58,000"
Kee-young Ju, CEO of Cryptoquant, warned of a sharp drop in Bitcoin through his X account on the 9th. On the 9th when Bitcoin was continuing its surge, he posted, "There's one day left" and "The price of Bitcoin will be $58,974, and I hope I'm wrong."
3. Likely Next SEC Chair "SEC Will End the War with Crypto Market"
Mark Uyeda, the current SEC commissioner who is being touted as the likely next chairman of the U.S. Securities and Exchange Commission (SEC) under the Trump administration, said he will change the SEC's existing regulatory stance toward the cryptocurrency market when he takes office as SEC chairman. In an interview with the cryptocurrency media on the 10th, Uyeda said, "I will end the enforcement of regulations that are not based on clear regulatory guidelines, and I will help fulfill the president-elect's promise."
4. Cardano, Up 32%... Regains 10th Spot in Crypto Market Cap
Cardano (ADA) surpassed a market capitalization of $20.7 billion (about 28.9 trillion won) on the 10th, regaining the 10th spot in the cryptocurrency market capitalization. The surge in Cardano is attributed to the increase in the total value locked (TVL) of the Cardano network and the increase in the daily active users of the network.
5. Solana Hits 3-Year High
Solana broke through $215 on the 11th, recording a 3-year high, amid the confirmation of former President Trump's election as U.S. president and the Federal Reserve's announcement of additional interest rate hikes.
6. Elon Musk Calls for Abolition of the Federal Reserve
Elon Musk, CEO of Tesla, who recently helped Donald Trump win the U.S. presidential election, argued for the abolition of the Federal Reserve through his X account on the 10th. He explained that the Federal Reserve has an independent system that does not follow the president's instructions, which is a case that goes beyond the U.S. Constitution, and therefore the Federal Reserve should be abolished.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
