Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80,000 being possible after the $100,000 is surpassed.

<div><div><h2><strong>Happy Friday!</strong></h2><p>Excitement is building in the crypto community as Galaxy Digital CEO Mike Novogratz asserts that Bitcoin's climb to $100,000 is just the beginning. However, he warns that the current market's heavy leverage could lead to a potential correction down to $80,000 after hitting this milestone. In another significant development, former President Donald Trump is set to establish a Crypto Advisory Council to create a Strategic Bitcoin Reserve, which could influence U.S. crypto legislation and attract major players in the industry. Additionally, FTX is on track to unveil its repayment plan in January 2025, offering hope for those impacted by its previous collapse. Dive into these key stories shaping the future of cryptocurrency!</p><p><strong><span>🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here  </span><a href="https://t.me/cryptoslate_web3" rel="" target="_blank">https://t.me/cryptoslate_web3</a><span>. </span></strong><em>We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.</em></p><p><span>The global crypto market cap is </span><strong>$3.28 trillion</strong><span>, with a 24-hour volume of </span><strong>$219.39 billion</strong><span>. The price of Bitcoin is </span><strong>$98,501.40</strong><span>, and BTC market dominance is </span><strong>59.4%</strong><span>. The price of Ethereum is </span><strong>$3,301.18</strong><span>, and ETH market dominance is </span><strong>12.1%</strong><span>. The best-performing sector is </span><strong><a href="https://cryptoslate.com/cryptos/gambling" rel="" target="_blank">Gambling</a></strong><span>, which gained </span><strong>12%</strong><span>. The Crypto Fear &amp; Greed Index is currently </span><strong>Extreme Greed (94)</strong><span>.</span></p><h2><strong>📰 Top News</strong></h2><div><figure><a href="https://cryptoslate.com/galaxy-digital-ceo-mike-novogratz-says-bitcoin-reaching-100000-is-just-the-start/" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/23/d03gtmdboo44.png'/></picture></div></a></figure></div><h4><strong><a href="https://cryptoslate.com/galaxy-digital-ceo-mike-novogratz-says-bitcoin-reaching-100000-is-just-the-start/" rel="" target="_blank">Galaxy Digital CEO Mike Novogratz says Bitcoin reaching $100,000 is ‘just the start’</a></strong></h4><p>Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80,000 being possible after the $100,000 is surpassed.</p><h4><strong><a href="https://cryptoslate.com/trumps-crypto-advisory-council-to-setup-promised-strategic-bitcoin-reserve-report/" rel="" target="_blank">Trump’s Crypto Advisory Council to setup promised Strategic Bitcoin Reserve – Report</a></strong></h4><p>Major U.S.-based crypto companies are seeking a seat at the council, which will advise on crypto policy and work with Congress on legislation.</p><h4><strong><a href="https://cryptoslate.com/ftx-on-track-to-rollout-repayment-plan-in-january-2025/" rel="" target="_blank">FTX on track to rollout repayment plan in January 2025</a></strong></h4><p>The final arrangements will be concluded next month, with the repayments set to start as early as 2025 starts.</p><div><figure><a href="https://honorvsmadness.com/" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/23/cxvptmdboota.png'/></picture></div></a></figure></div><h3><a href="https://honorvsmadness.com/" rel="" target="_blank">GrimGold ($GG) TGE Is Live – Elevate Your Gameplay Today!</a></h3><p>GrimGold is live on Ethereum! Here's your chance to earn high-value NFTs, stake for rewards &amp; shape the future of HvM. #ad</p><h2><strong>📈Latest Insights</strong></h2><ul><li><p><strong><a href="https://cryptoslate.com/insights/us-bitcoin-etfs-surpass-100-billion-pose-challenge-to-largest-bitcoin-holders/" rel="" target="_blank">US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders</a></strong></p></li><li><p><strong><a href="https://cryptoslate.com/insights/bitcoin-etfs-bring-in-over-6-billion-in-november-after-another-1-billion-day/" rel="" target="_blank">Bitcoin ETFs bring in over $6 billion in November after another $1 billion day</a></strong></p></li><li><p><strong><a href="https://cryptoslate.com/insights/solana-hits-new-264-all-time-high-as-dex-volume-reaches-100-billion-monthly-milestone/" rel="" target="_blank">Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone</a></strong></p></li></ul><div><figure><a href="https://evervaluecoin.com/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=CryptoSlate&amp;utm_id=CryptoSlate" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/23/s8urtmdboo9z.png'/></picture></div></a></figure></div><h3><a href="https://evervaluecoin.com/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=CryptoSlate&amp;utm_id=CryptoSlate" rel="" target="_blank">Transform DeFi with EverValue's Bitcoin-Backed Token</a></h3><p>EverValue's Bitcoin-backed EVA token drives DeFi growth, raising 75+ BTC &amp; 120K USDT, with 100+ BTC in its Burn Vault. #ad</p><h2><strong>🗞️ More News</strong></h2><ul><li><p><strong><a href="https://cryptoslate.com/us-court-strikes-down-controversial-sec-dealer-rule/" rel="" target="_blank">US court strikes down controversial SEC ‘dealer’ rule</a></strong></p></li><li><p><strong><a href="https://cryptoslate.com/sec-chair-gary-gensler-to-step-down-on-jan-20/" rel="" target="_blank">SEC Chair Gary Gensler to step down on Jan. 20</a></strong></p></li><li><p><strong><a href="https://cryptoslate.com/charles-schwab-to-enter-spot-crypto-market-once-regulations-improve/" rel="" target="_blank">Charles Schwab to enter spot crypto market once regulations improve</a></strong></p></li><li><p><strong><a href="https://cryptoslate.com/institutions-using-bitcoin-to-support-pension-funds-adding-btc-to-loans/" rel="" target="_blank">Institutions using Bitcoin to support pension funds, adding BTC to loans</a></strong></p></li><li><p><strong><a href="https://cryptoslate.com/weak-euro-fuels-bitcoins-standout-performance-in-eurozone/" rel="" target="_blank">Weak euro fuels Bitcoin’s standout performance in Eurozone</a></strong></p></li></ul></div></div>