Today's Top Crypto Headlines:

Trump Appoints New Manhattan Attorney | Michael Saylor's Bitcoin Prediction | ‘Crypto Dad’ Rejects SEC Role and more...

Author

King Fatrick Gil Añasco
November 15, 2024

Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

  1. Trump Appoints New Manhattan Attorney: President-elect Donald Trump has appointed former SEC Chair Jay Clayton as U.S. Attorney for the Southern District of New York, replacing Damian Williams.

  2. Michael Saylor's Bitcoin Prediction: Bitcoin advocate Michael Saylor predicts BTC will surpass $100,000 by year-end, dismissing concerns of a dip below $60,000.

  3. 📈Technical Analysis Masterclass - PNUT coin, a recent memecoin launched on the pump.fun platform, has gained traction following a viral, emotional story. Watch UseTheBitcoin’s latest Youtube video “PNUT holders are going NUTS: Should You BUY now?” to know if technical indicators suggest potential upward movement or join our Official Telegram Channel for more alpha!

  4. 💡Feature of the Day - ‘Crypto Dad’ Rejects SEC Role: Chris Giancarlo, ex-CFTC Chair nicknamed "Crypto Dad," has dismissed rumors of replacing SEC Chair Gary Gensler, joking that he’s already “cleaned up Gensler’s mess.”


    All this and more in today’s headlines!

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📰 News Highlights:

Trump Appoints New Manhattan Attorney [Source][Source]

Former SEC Chair Jay Clayton has been appointed by President-elect Donald Trump as the U.S. Attorney for the Southern District of New York.

Donald J. Trump (@realDonaldTrump)

I am pleased to announce that Jay Clayton, of New York, the Chairman of the U.S. Securities and Exchange Commission during my first term, where he did an incredible job, is hereby nominated to be the U.S. Attorney for the Southern District of New York. Jay is a highly respected business leader, counsel, and public servant. Jay received Engineering and Law degrees from the University of Pennsylvania, and an Economics degree from the University of Cambridge. Before chairing the SEC, Jay was a partner at Sullivan & Cromwell, and served on the Management Committee. He is currently a Senior Policy Advisor to Sullivan & Cromwell, a Board Member of several public and private companies, and an Adjunct Professor at the Wharton Business School, and the Carey Law School at the University of Pennsylvania. Jay is going to be a strong Fighter for the Truth as we, Make America Great Again.

truthsocial.com/@realDonaldTrump/posts/113483513301208163

Clayton, praised by Trump as a “strong fighter for the truth,” will replace Damian Williams, who led high-profile cases like the conviction of FTX founder Sam Bankman-Fried.

While he champions blockchain's efficiency benefits, his tenure at the SEC initiated the Ripple lawsuit, a case that shaped crypto regulations.

Clayton’s mixed stance on crypto adds intrigue to his appointment.

Michael Saylor's Bitcoin Prediction [Source][Source][Source]

Bitcoin bull Michael Saylor dismissed predictions of Bitcoin falling below $60,000, instead forecasting a rally past $100,000 by year-end.

Buoyed by Trump’s pro-crypto stance, Saylor plans to celebrate Bitcoin’s ascent with a New Year’s Eve party.

He views recent political shifts as a major win for digital assets, calling for pro-Bitcoin policies and a digital asset framework in the U.S.

 📈Technical Analysis Masterclass:

Technical Insights

  1. Current Position:

    • Trading near the 200 MA on the 15-minute chart, a potential support level where buyers might step in.

    • This level could act as a launchpad for upward movement if support holds.

  2. Fibonacci Analysis:

    • PNUT is near the 61.8% golden ratio, a critical zone in technical analysis often associated with rebounds.

    • Holding this level may signal a potential bounce, pushing prices higher.

  3. Bullish Divergence on RSI:

    • RSI shows higher lows despite the price not reflecting gains, hinting at a possible momentum shift from bearish to bullish.

Cautionary Notes

  • Short Timeframe Analysis: The 15-minute chart is highly volatile and prone to false signals.

  • Memecoin Risks: PNUT thrives on hype but lacks intrinsic value, increasing the likelihood of rapid price swings.

  • Risk Management:

    • Use a stop-loss below the golden ratio (61.8%) to protect against major downside risks.

    • A break below this level could push PNUT to 0.7 or 0.5 cents.

💡 Feature of the Day: 

‘Crypto Dad’ Rejects Rumors [Source][Source][Source][Source]

Former CFTC Chair Chris Giancarlo, known as "Crypto Dad," has denied speculation that he could replace SEC Chair Gary Gensler.

Giancarlo, celebrated for his pro-blockchain stance, quipped on social media that he’s already “cleaned up Gensler’s mess” at the CFTC and has no desire to do so again.

Giancarlo’s comments come amid growing calls for Gensler’s removal following Trump’s victory.

Several candidates, including SEC Commissioner Mark Uyeda and Robinhood’s Dan Gallagher, are rumored to be in consideration for the role.

Uyeda has been a vocal critic of Gensler’s enforcement-heavy approach to crypto regulation, calling it disastrous for the industry.

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😂 Crypto Meme of the Day: 

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And that’s it for this today.

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See you all tomorrow’s edition!


Jonathan Gibson
UseTheBitcoin.com