Market Update: Bitcoin Continues to Rise Amid Regulatory Environment Clarification

Title: Bitcoin Holds Above $107 Despite $172M Mt. Gox BTC Transfer

Introduction

Bitcoin has recently gained traction, recovering from previous Mt. Gox dumps to reach new all-time highs above $100. This remarkable turnaround is attributed to a combination of factors, including institutional demand for spot Bitcoin ETFs, the US election and the exit of SEC’s Gary Gensler. New pro-crypto picks for the SEC and CFTC will contribute to regularity clarity, fostering greater adoption.

Source: coinjournal.net