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CFTC Approval Brings Bitcoin Spot ETF Options Closer to Launch, Bitcoin Eye $100K #btc70k #ETHETFsApproved
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Ripple CEO Garlinghouse Takes Aim At Gary Gensler As XRP Hits $0.92 Ripple CEO Brad Garlinghouse has shed light on the factors behind XRP’s remarkable 70% rally, which propelled its price to a two-year high of $0.9193. He attributes the surge to a combination of pro-crypto policies under the new administration, Robinhood’s relisting of XRP, and easing regulatory constraints in the U.S. Garlinghouse also welcomed 18 state attorneys’ involvement in lawsuits challenging the SEC’s approach to crypto regulation. He further criticized the SEC’s actions as stifling U.S. innovation but expressed optimism that the changing regulatory wave would enable significant growth for U.S.-based crypto assets. Trump as a “Crypto President” Fuels Market Optimism In an interview with FOX Business, Garlinghouse referred to President-elect Donald Trump as a “crypto president,” commending his support for blockchain innovation and entrepreneurship. He described the post-election environment as transformative for the cryptocurrency sector, emphasizing Trump’s embrace of crypto. “The crypto industry has embraced Trump, and Trump has embraced the crypto industry. I think it’s very genuine,” Garlinghouse remarked. This optimism has extended to U.S.-linked cryptocurrencies like Solana (SOL) and Cardano (ADA), which have also experienced significant growth since Election Day. Garlinghouse highlighted that regulatory clarity is reducing pressures on these assets, allowing them to thrive.
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$ADA Approaching the key zone. I think it's good to take some off here and let the rest run.
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XRP has been making a comeback in the cryptocurrency market, recently hitting a high of 91 cents, sparking renewed excitement among investors. The surge has many speculating that XRP could soon reach $1, marking a major milestone for the digital asset. Here’s a closer look at the current trends surrounding XRP and what could be next for the cryptocurrency. XRP’s Strong Weekly Performance According to CoinMarketCap, XRP has surged 71% in the past seven days, standing out among the top-performing assets. While meme coins like Dogecoin, Pepe, and Floki are leading the market in short-term gains, XRP’s impressive rally is drawing attention as a potential breakout asset. This strong momentum comes at a time when Ripple’s USD stablecoin listings are beginning to gain traction, further fueling optimism about XRP’s future. Analysts suggest that these developments could be a sign of bigger things to come. A Long-Awaited Breakout? On The Paul Barron Network, Tim Warren, Host of Investing Broz said that while many have written off XRP as a “boring” or stagnant coin, the recent price action suggests that XRP could be entering a new bullish phase. The cryptocurrency has been in a long-term downtrend, with periods of low volatility and consolidation. However, after years of price constriction, XRP appears to have broken out above its long-standing resistance level for the first time in over four years. This breakout is being viewed as a potential sign that XRP could be shifting from a bearish to a bullish trend, with some analysts predicting that the price could rise significantly in the coming months.
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