🚀Bitcoin $100K, Ethereum $4K & White House Crypto Czar!
The crypto bull market continues to heat up as Donald Trump selects the White House crypto czar
Happy Friday Thinkers 💡
Bitcoin Breaks $100K Again, Ethereum Soars Past $4K!
The crypto market is roaring back after yesterday’s Bitcoin flash crash, with BTC reclaiming $100,000 and Ethereum breaking $4,000. While Bitcoin’s recovery steals headlines, Ethereum’s resurgence is a key indicator for the altcoin market.
Ethereum Hits $4,000: Altcoin Season Ignites
Ethereum’s climb above $4K signals a strong altcoin market rebound:
18% from All-Time High (ATH): Ethereum is just shy of its 2021 peak and poised to enter price discovery mode once the ATH is breached.
$10K-$12K Potential: Liquidity rotation and market momentum suggest Ethereum could reach new highs this cycle.
As liquidity continues rotating across the crypto market, Ethereum’s rally paves the way for other altcoins to surge, reinforcing the classic bull market cycle.
Trump Names David Sacks as “Crypto & AI Czar”
President-elect Donald Trump has appointed David Sacks as the first-ever White House “AI and Crypto Czar”, a move celebrated across the crypto and tech industries.
Who is David Sacks?
Tech Visionary: Former COO of PayPal and a successful investor with crypto holdings in Bitcoin and Solana.
All-In Podcast Co-Host: A prominent voice in venture capital alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg.
Industry Reactions
The crypto industry is buzzing with optimism over this announcement:
Hunter Horsley (Bitwise CEO):
“David has longstanding, first-hand experience in crypto — not to mention being a great thinker, investor, and operator. Thrilled he’ll be the United States’ first crypto czar.”
Brad Garlinghouse (Ripple CEO):
“Huge congrats to David Sacks on this appointment – he understands tech inside and out, and importantly, will push forward President Trump’s crypto and AI pro-innovation plans. Dream team!”
Pro-Crypto Administration
David Sacks joins Trump’s growing roster of pro-crypto appointees:
Paul Atkins as SEC Chair: Advocate for clear crypto regulations and Hester Peirce’s Safe Harbor proposal.
Scott Bessent as Treasury Secretary: Known for his forward-thinking approach to financial innovation.
This administration is shaping up to be the most crypto-friendly in U.S. history, with policies likely to foster innovation and global leadership in blockchain and AI.
Crypto Market Outlook
With Bitcoin stabilizing above $100K and Ethereum leading altcoin momentum:
Bitcoin: Consolidation above six figures could bring fresh institutional inflows.
Altcoins: Ethereum’s rally could spark broader interest, with major projects like Solana, Chainlink, and XRP benefiting.
The combination of pro-crypto leadership, institutional demand, and retail enthusiasm creates a perfect storm for sustained market growth.
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💥Thank You to my show Sponsors
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📈Crypto Market Metrics
Here are some key data points from Santiment
Top 10 Coins Trending via Social Media
Developer Activity
The top 10 coins with the most developer activity over the past 30 days
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📺 Recent Interview
Ron Hammond of the Blockchain Association joined me to discuss Donald Trump's appointment of Paul Atkins as the next SEC Chair. Ron provides background on Paul Atkins, highlighting his years of working with him.
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📖 ReThinking Crypto Book
Everything you need to know about crypto’s past, present, and future. Get the book on Amazon.
-Tony