Bitcoin (BTC) held steady on Friday after the U.S. Securities and Exchange Commission (SEC) repealed an accounting rule that previously forced banks to classify the cryptocurrency and other digital assets as liabilities on their balance sheets,

Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest

The price of Bitcoin soared 119% in 2024, and the bulls have been out in full force, making predictions about where the cryptocurrency is headed.

The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets.

Nasdaq has submitted a filing on behalf of asset manager BlackRock, seeking a rule change to permit in-kind creation and redemption for its spot Bitcoin exchange-traded fund (ETF). Bloomberg ETF analyst James Seyffart said in a Jan.

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.

Skew referenced a “well defined consolidation” taking place on BTC/USD, flagging $102,000 and $106,000 as the key levels for bulls to capture definitively. “$106,000 is what i want to see on Bitcoin today,” fellow trader Crypto Tony agreed. An accompanying chart maintained an increasingly popular near-term BTC price target of around $122,000.

Ongoing presidential backing for digital assets is a key determinant for the continuation of 'crypto's golden era,' the report said.

Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.

Wall Street is finally warming up to crypto, thanks to President Donald Trump’s aggressive push to boost the industry, especially after Jan. 23rd’s executive order for the National Digital Asset Stockpile.

Crypto advocacy groups are now focused on introducing and passing pro-crypto legislation through both chambers of the United States Congress.