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Este artículo también está disponible en español. The price of Bitcoin is back and trading above $95,000 after surging 2.70% from the previous day’s close. The asset’s recovery is a welcome development for holders and investors, who have witnessed a two-day decline, dipping to $90k on November 27th. Related Reading Bitcoin’s price surge happened after the market witnessed Tornado Cash’s major court victory. A US Appeals Court reversed a 2022 decision, saying that the Treasury Department acted beyond its authority when it imposed sanctions on the crypto mixing platform. Coinbase joined in the celebration over the court victory since it’s one of the crypto exchanges that supported Tornado Cash. With the recent Tornado Cash court win and favorable macroeconomics, one analyst boldly offers a price prediction for Bitcoin. In a Twitter/X post on the Angry Crypto Show, Cardano’s Charles Hoskinson believes that the world’s top digital asset can hit $250,000 to $500,000 in 12 to 24 months. BREAKING: #Cardano $ADA Founder Charles Hoskinson says “it is my belief that #Bitcoin will go to $250,000 to $500,000 within 12 to 24 months, because of inflows and interest. $BTC is the store of value for the Internet, and will remain in that role now that it has a DeFi layer.” pic.twitter.com/1txPQV61Nl — Angry Crypto Show (@angrycryptoshow) November 26, 2024 Tornado Cash Court Victory Boosts Bitcoin Price In a post by Paul Grewal at Twitter/X, Tornado Cash’s court victory was a “win for privacy.” Grewal reported that the Treasury Department’s sanctions on the crypto mixing platform were unlawful. He added that the recent court decision was a victory for the crypto sector and those supporting freedom. Privacy wins. Today the Fifth Circuit held that @USTreasury’s sanctions against Tornado Cash smart contracts are unlawful. This is a historic win for crypto and all who…

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Filed under: News - @ November 29, 2024 1:23 am