Crypto Rollercoaster: SEC Drops Charges, Bitcoin Nears $100K—Hold Onto Your Wallets! 🎢💰

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What to know:

  • Coinbase shares are doing the cha-cha with a 5% pre-market jump because the SEC is finally taking a chill pill and dropping charges against the exchange. Robinhood decided to join the party with a 4% gain. 🎉
  • Tokens that the SEC once labeled as securities are now feeling like the cool kids at school, gaining ground as the mood in the crypto playground improves. 😎
  • Bitcoin is strutting its stuff, adding to previous gains and getting dangerously close to that $100,000 mark. Someone call the paramedics, because this is getting intense! 🚑

So, Coinbase (COIN) shares are jumping like they just heard their favorite song on the radio—up 5% ahead of Friday’s market opening! Why? Because the U.S. Securities and Exchange Commission (SEC) is finally ready to drop the charges against our beloved crypto exchange. Can I get a “Hallelujah”? 🙌

Meanwhile, the broader crypto market is also climbing higher, with Bitcoin (BTC) nearing that elusive $100,000 for the first time since early February. The Coindesk 20 Index, which sounds like a fancy cocktail but is actually a broad-market benchmark, is up 1.7% over the past 24 hours. Cheers to that! 🍹

And let’s not forget, the SEC’s potential withdrawal is like a breath of fresh air for the digital asset industry. It’s a milestone that could send crypto prices and stocks related to digital asset trading soaring. So, buckle up, folks! The crypto ride is just getting started! 🎢💸

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2025-02-21 17:25