U.S. Treasury Dubs Bitcoin 'Digital Gold' Amidst $100K Surge and National Debt Strategy Shift

U.S. Treasury Declares Bitcoin as 'Digital Gold'

The U.S. Treasury has officially recognized Bitcoin as "digital gold" following a significant price surge, with the cryptocurrency surpassing $100,000 this week. This development comes amid growing interest from major financial institutions and influential figures like Elon Musk advocating for a strategic national bitcoin reserve to address the country's escalating debt issues. According to Forbes, President-elect Donald Trump has nominated Scott Bessent, known for his pro-crypto stance, as the next Secretary of the Treasury. The report highlights that speculative interest continues to drive digital tokens' growth in decentralized finance (DeFi), positioning Bitcoin primarily as a store of value.

Ethereum Eyes $4000 Milestone Amidst Altcoin Surge

As Ethereum approaches the $4,000 mark after stagnating alongside Bitcoin's recent highs, investors are turning their attention towards promising low-cap cryptocurrencies offering high yields. Brave New Coin Insights reports on emerging cryptos such as Aureal One and DexBoss which promise substantial returns due to innovative technologies and market strategies aimed at capitalizing on altcoin season trends. With BTC dominance decreasing from 61% to 55%, there is an increased focus on diversifying investments into these burgeoning blockchain solutions.

Bitcoin Hits Historic Highs; SEC Leadership Changes Loom

This past week marked a historic milestone for Bitcoin reaching over $100K amidst speculation about future regulatory changes under President-elect Donald Trump's administration who plans to appoint Paul Atkins—a noted crypto advocate—as head of the Securities Exchange Commission (SEC). As reported by Cointelegraph’s Hodler’s Digest edition covering December 1–7 events: Ether also regained momentum crossing back above its previous threshold levels while new ETF applications face scrutiny under current administrative policies regarding Solana-based funds.

CPI Figures Awaited While Crypto Market Prepares For Rally Continuation

The upcoming release of US Consumer Price Index (CPI) data holds potential implications across both traditional markets along with ongoing bullish sentiment within cryptocurrency sectors according Coingape analysis highlighting expert predictions suggesting further upward trajectories particularly concerning top-tier assets including anticipated increases beyond existing benchmarks set recently during heightened trading activity periods fueled largely through optimistic outlooks surrounding favorable policy shifts post-election results favorably impacting broader adoption rates globally among institutional players alike seeking exposure via diversified portfolios featuring prominent digital currencies.

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