Bitcoin News Today TheBitTimes.com

The Hedera price soared 38% in the last 24 hours to trade at $0.142 as of 02:27 a.m. EST on trading volume that skyrocketed 112% to $3.36 billion. This comes as Donald Trump nominated Brian Brooks, a former Binance CEO and board member of the Hedera Foundation, to be the next U.S. Securities and Exchange Commission (SEC) chair. Brooks has been a prominent figure in the crypto industry, and has a strong background in financial regulations. Hedera Price Could Continue Soaring The Hedera price has experienced a parabolic rise, breaking out of a previously sideways phase within the $0.056 level, according to data from GeckoTerminal. HBAR now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the sustained bullish trend. The Relative Strength Index (RSI) above 70, currently at 73, indicates the asset is in the overbought zone. This suggests the bullish momentum might slow down or lead to a temporary correction as traders take profit. Additionally,...

The Donald Trump transition team is considering Dan Gallagher, Robinhood Markets’ chief legal and compliance officer, as a potential successor to Securities and Exchange Commission (SEC) chair Gary Gensler. Gallagher, a former Republican SEC commissioner under the Obama administration, is the leading candidate on Trump’s shortlist, according to a Nov.7 report by Reuters . Trump Promises To Fire Gary Gensler On “Day One” Of Presidency Current SEC chair Gensler has led the regulator in a multi-year battle against US companies operating in the crypto industry, opting for a regulation-by-enforcement approach. That’s made him widely despised in the crypto industry. To win over crypto voters leading up to the US election, Trump promised to fire Gensler on his first day in office, and to appoint a new SEC chair who “will not block the future.” BREAKING: Donald Trump to fire Gary Gensler and hire pro-Bitcoin administration. pic.twitter.com/KxUYo...