'Santa Rally' Could Spark Bitcoin to $56K by Year-End; PayPal Faces SEC Scrutiny

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'CoinDesk Daily' host Jennifer Sanasie breaks down the hottest topics in the crypto industry today, including a new price prediction that bitcoin (BTC) could rise to $56,000 by Dec. 31, in line with its record of maintaining bullish momentum in final months of the year. FTX founder Sam Bankman-Fried's trial is wrapping up.

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest topics in the crypto industry today, including a new price prediction that bitcoin could rise to $56,000 by Dec. 31, in line with its record of maintaining bullish momentum in final months of the year.Bitcoin's price could get some holiday. Cheer and Saman Man Fried's fate will soon be left in the hands of 12 jurors. You're watching coin desk daily. I'm your host, Jen Sani.

Beman Fried known for his jitters spent his final few moments of his team's closing arguments still staring at his parents and drinking gulps of water in closing arguments. Defense said, quote, Sam did his best to start and operate two multi billion dollar businesses in a new market while prosecutors reiterated that Fx's collapse meant thousands of people lost billions of dollars.

 

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