Why Is The Price of Bitcoin Going Up? Analysis of Why Bitcoin and JetBolt are Surging

December 6, 2024
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4 min read

This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology-focused audience. Please note that Brand Press content is created independently of Techpoint Africa's editorial team.

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Dubbed the king of crypto, Bitcoin (BTC) proves why it reigns supreme after hitting another all-time high (ATH) record. BTC surpassed $100,000 on December 5, as U.S. president-elect Donald Trump announced Paul Atkins as the new SEC chair. The crypto market is experiencing a favorable upswing, with prices generally climbing across the board. 

Mirroring the excitement, a young altcoin JetBolt (JBOLT) continues to climb having sold over 100 million tokens during the presale. Backed by its zero-gas technology, JetBolt has piqued the interest of savvy whales looking for technologically advanced projects.

Many market observers are now curious: why is the price of Bitcoin going up and what’s driving the hype around JetBolt? Let’s dive into the analysis of why Bitcoin and JetBolt are surging.

Bitcoin’s Santa Rally: What's Behind It?

After hitting a new ATH of $103,679 last December 5, Bitcoin (BTC) is feeling very merry after a “Santa rally”. At the time of writing, BTC cooled down to $98,148.30 reflecting a 5.1% dip in the last 24 hours. Could this bullish streak be the signal for Bitcoin to stay above the $100,000 mark?

A graph from CoinMarketCap showing Bitcoin’s price movement after hitting a new ATH.

A graph from CoinMarketCap showing Bitcoin’s price movement after hitting a new ATH.

Donald Trump's appointment of Paul Atkins as SEC Chair, a known crypto advocate, marks a pivotal shift in U.S. financial policy. Bitcoin surged past $100,000 following the announcement, reflecting optimism for a lighter regulatory approach that could drive innovation and broader adoption of digital assets.

The ever-passionate Bitcoin advocate and founder of MicroStrategy, Michael Saylor, is turning up the heat on his bullish predictions. He confidently claims Bitcoin will never dip below $60,000 again, expects it to break six figures by 2025, and sees the $1 million mark as an inevitable milestone for BTC.

READ MORE   5 Best Altcoins for the 2025 Bull Run: BlockDAG, Ethereum, Cardano, Polygon, & Avalanche—Which Will Explode Next?

Bitcoin hinges on the policy directions of the new SEC chair and the broader economic strategies of a Trump administration in 2025, leaving market observers to speculate on potential regulatory shifts or market trends. On the other hand, JetBolt is making a splash into the crypto scene with its explosive presale.

Is JetBolt the Next Big Thing? 100 Million Tokens and More

As the crypto market continues to evolve, a game-changing new altcoin is making waves in Web3: JetBolt (JBOLT).

JetBolt is turning heads with its innovative zero-gas technology, powered by Skale, which eliminates gas fees—a longstanding pain point in blockchain transactions. This breakthrough not only makes everyday transactions more affordable but also gives developers a cost-effective way to create decentralized applications (dApps), unlocking new possibilities for the ecosystem.

Fueling more excitement, JetBolt’s Web3 wallet redefines simplicity with features like WebAuthN and face ID authentication, enabling anyone to buy JetBolt tokens with a credit card and a range of cryptocurrencies. It also gives users control over their assets with the fully non-custodial feature.

JetBolt’s staking platform adds another layer of excitement by blending simplicity with a social twist. Unlike traditional staking systems, JetBolt rewards users for staking and engaging with friends on the platform, transforming staking into a fun and community-driven activity that appeals to both newcomers and seasoned crypto enthusiasts.

The presale has been a massive hit, selling over 100 million tokens and counting. JetBolt drives demand with strategic benefits; one of them is the alluring offer of Alpha Boxes. Early adopters can claim up to 25% in bonus tokens through Alpha Boxes or bulk purchases, attracting both casual buyers and crypto whales.

READ MORE   Aptos and Ethereum Classic Anticipate Incoming Rally, As Presale Star KangaMoon Nears $5M

With its presale success and innovative edges, JetBolt is positioning itself as one of the best newcomers in the upcoming altseason, earning the attention of crypto whales ready to jump on the JetBolt bandwagon.

Why Is The Price of BTC Going Up? Analysis of Why Bitcoin and JetBolt are Surging

Final Thoughts: Why Bitcoin and JetBolt are Surging

Bitcoin remains the crypto king as it cements its position following the record-breaking ATH, while JetBolt emerges as a rising star in the altcoin space. Bitcoin's historic rally, fueled by a crypto-friendly environment and renewed institutional confidence, is setting the stage for what could be a transformative era in digital assets.

JetBolt’s undeniable unique advantage is carving a niche backed by its zero-gas technology and innovative staking platform, suggesting that it’s an altcoin worth watching closely.

As both Bitcoin and JetBolt take center stage, the crypto landscape seems primed for even greater milestones ahead. Whether it's Bitcoin’s march toward new heights or JetBolt's rise as a Web3 trailblazer, the coming months prepare a thrilling ride for the crypto community.

To learn more about JetBolt’s features and presale, visit:

Official Website: https://jetbolt.io/

X/Twitter: https://x.com/jetboltofficial

Telegram: https://t.me/jetboltcoin

This content is not intended as financial advice. Cryptocurrencies are highly volatile and speculative assets. Always conduct thorough research before making any decisions related to cryptocurrency.

This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology-focused audience. Please note that Brand Press content is created independently of Techpoint Africa's editorial team.

Interested in reaching our dynamic readership? Connect with us at business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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