BTC/USD: Bitcoin Prices Seesaw Near Six Figures in Stomach-Churning Volatility

Also, Donald Trump said this morning he’s tapping venture capitalist and podcast host David Sacks to be the “White House AI & Crypto Czar.”

• Bitcoin prices BTCUSD retreated back under the landmark $100,000 early Friday with traders experiencing the token’s wild swings and notorious stomach-churning volatility. In head-spinning seesaw motions, the OG crypto yesterday peaked at an all-time high of $103,700 a piece before sliding more than 6% to close the session at a 1.6% daily loss at $96,900 a pop. In other words, crypto traders still need that winning close above the six figures.
• Donald Trump might just have the answer. The President-elect is keeping busy by forming an A-team of crypto advocates to lead the efforts at the White House. Earlier this week, Trump selected former SEC commissioner Paul Atkins to replace current SEC Chair Gary Gensler. This is one of the key drivers to yesterday’s crypto rally. A new pick today promises even more growth for the crypto industry in the US.
• Trump has tapped venture investor and podcast host David Sacks to be the “White House AI & Crypto Czar.” In a post on his social media platform Truth Social, Trump wrote that “David will focus on making America the clear global leader in both areas.” “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Sacks was a major Trump supporter earlier this year.