Bitcoin’s wait to smash through the $100,000 level happened in style during the early Asian trading session on Dec. 5.
The price of Bitcoin pierced through the sell wall to hit a new record high above $103,000 amid positive crypto news.
Meanwhile, as several altcoins nudged higher amid the bullish sentiment, iDEGEN marked another milestone as its token sale attracted buyers.
Bitcoin hits $103 amid SEC chair news
With news that Donald Trump had picked pro-crypto former US Securities and Exchange Commission (SEC) commissioner Paul Atkins as the next SEC chair, Bitcoin price surged to a new all-time high of $103,679.
The more than 7% spike also helped several altcoins higher, with gains for Ethereum to above $3,800 and Bitcoin Cash to above $611.
Bitcoin’s surging run has the flagship cryptocurrency now up more than 140% in the past year.
The digital asset continues to attract institutional money and analysts say the return of retail buyers could signal further gains.
Crypto analyst Miles Deutscher predicts that BTC could go on to target $120k. The analyst posted on X:
“The ideal scenario for $BTC would be closing above on the daily, consolidating for a few days between 100 -105, then smashing to $120k.”
iDEGEN: Analyst says AI agent to see action
The crypto market has been bullish since President-elect Donald Trump won re-election in November. On Wednesday, Trump picked Paul Atkins as the next SEC chair to replace Gary Gensler.
While the market anticipated the move following earlier reports, confirmation of the selection late Wednesday helped catalyze BTC’s uptick.
Now analysts say the rest of the market could be about to go parabolic.
Investors who might have missed the early trend will pile into coins that promise huge gains.
Memecoins and AI tokens stand out as among the sectors poised for fresh rallying, with analysts saying it’s just a start for the latter. Deutscher summarised in a post on X:
The next leg will belong to:
Utility: $ETH, RWA, L1s
AI: Agents, infra
Popular CEX coins
Then once utility cools off, memes will have another run (next year).
Lock in.
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What sets iDEGEN apart?
iDEGEN, an AI agent project that’s taking the market by storm, is seeing lots of positive action as the dynamic presale gathers pace.
AI agents can do pretty much anything.
Look at what Terminal of Truth and Zerobro have recently shown with Goateus Maximus (GOAT) and ZEROBRO respectively.
GOAT rose more than 7,000% after ToT posted about the meme coin.
The iDEGEN project is taking this to the next level with an agent “AI born but degen raised”.
What it means is that rather than come loaded with AI wits for all manner of sh*tposting, iDEGEN is a blank slate getting its training from degens on X – all from scratch.
iDEGEN will learn everything it will ever know from the training and interactions it masters from degens. The AI agent posts every 60 minutes, replying to every mention and tag as it grows its knowledge of the crypto degen market.
Investors eyeing the next GOAT token are thus buying IDGN. The native iDEGEN token is currently available via a dynamic auction. The presale has so far raised $2.3 million, with over 415 million tokens sold. The $IDGN price is $0.00636.
Interested in iDEGEN? Check out the official website.
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