#XRP

‘Insane’ 719% Rally for XRP in the Cards Amid Clean Bullish Technical Setup

A widely followed crypto strategist believes that massive rallies are on the table for payments-focused altcoin XRP.
Pseudonymous analyst Credible tells his 448,500 followers on the social media platform X that XRP appears to be gearing up for wave three of its five-wave surge on the four-hour chart.
Credible practices the Elliott Wave theory which states that a bullish asset tends to witness a five-wave rally where wave three represents the longest and steepest part of the surge.
Credible shares a chart that outlines XRP’s path to $20 before its five-wave rally comes to a conclusion.
“And for non-traders, you just need to zoom out a little so you don’t forget the big picture.
Structure on XRP here looks so freaking clean and bullish, it’s actually insane.
Forget what happens on these lower timeframes. It’s noise (for a non-trader), the big picture is incredibly and unequivocally bullish.”

At time of writing, XRP is trading for $2.44, indicating a potential rise of 719% if the altcoin hits the massive price target.
Zooming in, Credible believes it is within the realm of possibility for XRP to revisit a support level below $2 before taking off to new all-time highs.
“XRP looking solid here, fresh local demand formed in the ORANGE zone.
Any retests of that zone should be good long opportunities for those looking for an entry.
Based on the trader’s chart, he appears to predict that XRP will first rally above $3 before witnessing a deep corrective move.

 
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#BTC

Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies

The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin (BTC) to new heights.
In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto asset by market cap will continue to rally.

“I think that Bitcoin is going to continue to go up as long as the government keeps printing money. So at the same time that Trump has been elected and has stepped into the White House, saying that he’s going to be the ‘first Bitcoin president’ – which obviously is very bullish for the asset class – you also see that the national debt is exploding in the last 100 days or so.”

According to Pompliano, investors and institutions are increasingly using the flagship digital asset as a store of value and as a means of countering inflation, noting that the US national debt is “out of control.”
“If you overlay [the rising national debt and BTC’s price], they’re like married together forever because ultimately what I think is happening is people [are] realizing the national debt leads to debasement of the currency and so if Bitcoin is a store of value, they are hiding from dollars and they’re going into Bitcoin…
I mean we were adding $1 trillion every 100 days or so [to the debt], which obviously is out of control…
You have tons of financial institutions and corporations who are saying, ‘Well hold on a second, let’s go buy a lot of Bitcoin.’ So you have a finite asset with tons of demand coming in and that’s leading to higher prices.”

Bitcoin is trading for $104,607 at time of writing, a 3.01% increase during the last 24 hours while the US national debt is currently at $36.13 trillion, according to the US Treasury Department.

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#BTC

Bitcoin (BTC) Could Skyrocket to $800,000 Next Year

The founder and chief executive of the crypto advocacy group The Digital Chamber has a big Bitcoin (BTC) price prediction for 2025.
Crypto lobbyist Perianne Boring tells Fox Business in a new interview that President-elect Donald Trump’s future approach to the sector could send BTC skyrocketing close to $1 million.
“The stock-to-flow model says it’s going to be at over $800,000 by the end of next year. If Donald Trump is successful in putting forward a lot of the proposals that he’s proposed to the community, the sky is the limit because Bitcoin has a fixed supply.” 
The stock-to-flow (S2F) model, which was traditionally used for traditional commodities before being adapted to Bitcoin, predicts the performance of an asset based on the idea that price increases as the asset becomes more scarce.
After expressing skepticism about Bitcoin and crypto during his previous presidential term, Trump spent the past year on the campaign trail promising to protect and grow the digital asset sector.
At campaign events over the summer, the former president and now president-elect promised to fire Securities and Exchange Commission (SEC) Chair Gary Gensler on his first day in office and end policies that prevent crypto investors and companies from using digital assets. After Trump’s victory, Gensler announced he would step down from his post in January.
The former president also said the US would stop selling its trove of seized Bitcoin on the open market and instead strategically hold the asset as an investment.

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#JPMorgan

Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo

Billionaire Warren Buffett is now betting a whopping $120 billion on just two assets.
The chairman and CEO of Berkshire Hathaway has allocated 40.1% of the firm’s portfolio to Apple (AAPL) and American Express (AXP), according to new SEC filings.
Berkshire initiated its investment in Apple back in 2016 and has adjusted its holdings multiple times, including significant reductions this year.
And the firm’s steady exposure to American Express comes despite a years-long departure from the US banking sector and a multi billion-dollar exodus from positions in Bank of America (BAC), JPMorgan Chase and Wells Fargo.
Buffett has held American Express stock since the mid 90’s and has said he’ll never sell it, touting its strong brand, loyal customer base, wide economic moat and consistent profitability.
As Buffett continues to sell Bank of America shares, BAC now sits in the number three position in Berkshire’s portfolio, with about $35 billion invested, representing 11.7% of the portfolio.
Overall, Buffett continues to exercise caution in the markets, with Berkshire now sitting on $325 billion in cash and equivalents, nearly double the amount at the end of 2023.
Berkshire has about $300 billion invested – here’s a look at the firm’s top 10 positions at time of publishing.
Apple Inc (AAPL) – $74.4 billion Held, 24.8% of PortfolioAmerican Express Co (AXP) – $45.8 billion Held, 15.3% of PortfolioBank of America Corp (BAC) – $35.0 billion Held, 11.7% of PortfolioCoca-Cola Co (KO) – $25.2 billion Held, 8.4% of PortfolioChevron Corp (CVX) – $18.3 billion Held, 6.1% of PortfolioOccidental Petroleum Corp (OXY) – $12.2 billion Held, 4.1% of PortfolioMoody’s Corp (MCO) – $12.1 billion Held, 4.0% of PortfolioKraft Heinz Co (KHC) – $10.3 billion Held, 3.4% of PortfolioChubb Ltd (CB) – $7.5 billion Held, 2.5% of PortfolioItochu Corporation (8001:TYO) – $5.9 billion Held, 2.0% of Portfolio

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#BTC

VanEck Predicts $4,000,000,000,000 Explosion in DeFi Volumes for 2025 

In a new report detailing its predictions for 2025, VanEck analysts say decentralized exchange (DEX) volumes will capture a fifth of centralized exchange (CEX) spot trading volumes.
“Despite record-high decentralized exchange (DEX) trading volumes, both in absolute terms and relative to centralized exchanges (CEXs), decentralized finance (DeFi) total value locked (TVL) remains 24% below its peak.
We anticipate that DEX trading volumes will surpass $4 trillion in 2025, capturing 20% of CEX spot trading volumes, driven by the proliferation of AI (artificial intelligence)-related tokens and new consumer-facing DApps (decentralized apps).
Additionally, the influx of tokenized securities and high-value assets will catalyze DeFi growth, providing fresh liquidity and broader utility. As a result, we project DeFi TVL to rebound to over $200 billion by year-end, reflecting the rising demand for decentralized financial infrastructure in an evolving digital economy.”
The analysts also forecast that the broader crypto bull market will persist through 2025, with a correction beginning sometime in the first quarter. Once the correction is finished, VanEck has bullish price targets for some of the top crypto assets by market cap.
“We believe the crypto bull market will persist through 2025, reaching its first peak in the first quarter. At the cycle’s apex, we project Bitcoin (BTC) to be valued at around $180,000, with Ethereum (ETH) trading above $6,000. Other prominent projects, such as Solana (SOL) and Sui (SUI), could exceed $500 and $10, respectively.
Following this first peak, we anticipate a 30% retracement in BTC, with altcoins facing sharper declines of up to 60% as the market consolidates during the summer. However, a recovery is likely in the fall, with major tokens regaining momentum and reclaiming previous all-time highs by the end of the year.”

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#BTC #ScamRiskWarning #USDT

Crypto Trader Sentenced to Prison in the US for Tax Evasion

On December 12, the Western District of Texas sentenced local resident Frank Ahlgren III to two years in prison for falsely reporting income from the sale of Bitcoin.
“Frank Ahlgren III made millions buying and selling Bitcoin. But instead of paying the taxes he knew he should have, he lied to his accountant about the size of a significant portion of his profits and attempted to hide the rest,” the US Department of Justice noted.

According to law enforcement, the man had been buying Bitcoin since 2011. In 2015, he purchased about 1,366 BTC on Coinbase for less than $495.56. In October 2017, Ahlgren sold 640 BTC for $3.7 million and used the proceeds to buy a house in Utah.
When preparing his 2017 tax return, he significantly inflated the price he paid for his bitcoin. According to the Justice Department, it was higher than the market high before he bought the house.

In 2018 and 2019, Ahlgren failed to report $650,000 in bitcoin sales. Instead, he tried to hide the transactions by moving the coins through different wallets and crypto mixers.
In total, Ahlgren failed to pay about $1 million in taxes. According to the court, he will have to repay the amount to the government.

“Ahlgren will serve time because he believed his cryptocurrency transactions were untraceable. This case shows that no one is above the law,” said Acting Special Agent in Charge Lucy Tan of the IRS Investigative Division.

She added that this is the first criminal tax evasion case “focused solely on cryptocurrency.”

$BTC $USDC

#XRP #ripple

RLUSD Stablecoin Receives Final Approval From New York Regulators

Ripple Labs’ newest stablecoin product has received final approval from a prominent New York regulator.
In a post on the social media platform X, Ripple chief executive Brad Garlinghouse says that Ripple USD (RLUSD) – the firm’s new dollar-pegged crypto asset – has been approved by the New York Department of Financial Services (NYDFS).
“This just in… we have final approval from NYDFS for RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from Ripple first.”
Ripple originally planned to launch RLUSD on December 4th. However, as of now, there is no official release date for the stablecoin, though Ripple says it’s rolling it out “soon.”
“RLUSD is launching soon! Stay vigilant and report any impersonations or scams.”
News of the approval had little impact on XRP, the digital asset associated with Ripple, as it is for $2.43 at time of writing, a 5% decrease during the last 24 hours.
In November, the payments platform announced exchange partnerships for RLUSD, including popular crypto firms Bitstamp and MoonPay.
In August, Ripple kicked off beta testing for the stablecoin on the XRP Ledger and the Ethereum (ETH) mainnet.
Ripple first announced its intentions to launch RLUSD in April. However, about a month later, the U.S. Securities and Exchange Commission (SEC) – which sued Ripple in 2020 for allegedly selling unregistered securities – said that RLUSD also qualifies as an unregistered security.
Ripple Labs won its lawsuit against the SEC in 2023 when the judge in the case ruled that the company’s automated, open-market sales of XRP did not constitute security offerings.

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#SEC

SEC Commissioner Hester Peirce Says Trump Adminstration Should Do Three Things To Boost Crypto Industry

Hester Peirce, the crypto-friendly commissioner at the Securities and Exchange Commission (SEC), says US regulators can do three things to help the digital asset industry.
In a new interview on Fox Business, Peirce argues that the first step is to stop trying to prevent crypto from accessing the services it needs to move forward, like custody.
“Point two is provide clarity around which things are not within the SEC’s ambit. So which things are not securities and which people don’t have to think about the SEC’s regulatory framework.” 
Peirce, a Republican, says the third step is for regulators to work with crypto firms to determine where existing regulations apply and “where adjustments need to be made.”
“And that needs to be a group exercise. That needs to be done in the public so that everyone can participate in it. And I think we can get to a good place and do that relatively quickly. I mean all of these things do take time, but I think if we put our minds to it we can get to a better place, and I’m hoping that won’t take too long.” 
Peirce and fellow Republican SEC Commissioner Mark Uyeda have often criticized SEC Chair Gary Gensler for his active approach toward the crypto sector. Both have also dissented against multiple SEC enforcement actions.
Under Gensler’s leadership, the securities watchdog launched high-profile enforcement actions against many crypto firms, including industry giants Binance, Kraken, Coinbase, Ripple Labs, Uniswap Labs and Consensys.
After Donald Trump’s election victory last month, Gensler announced he would step down in January, on the president-elect’s inauguration day. The SEC chair’s term was set to run until 2026.

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#BTC

Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,’ Touts Benefits of Tokenization

The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin (BTC) to gold.
In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators.
“The use case of digital assets continues to evolve, but interest has proceeded along two main tracks. Primary use case for Bitcoin seems to be a store of value also known as ‘digital gold’ in a decentralized finance (DeFi) world; speculative interest seems to have played a prominent role in the growth of digital tokens thus far.”
According to the Treasury Department, real-world asset tokenization – which allows investors to represent their physical assets with tokens – has the potential to change the financial landscape and disrupt trading in traditional markets.
“Tokenization has the potential to unlock the benefits of programmable, interoperable ledgers to a wider array of legacy financial assets… The benefits of tokenization extend far beyond and are independent of native crypto assets like Bitcoin as well as the public, permissionless blockchain technology those assets have popularized.”
The report also says some of the main benefits of tokenization include easy fractional ownership of digitized assets, streamlined composability of bundled assets and automated executions using smart contracts.
However, the agency notes that lawmakers will eventually have to create guidelines for tokenized assets.
“Legal and regulatory landscape will need to evolve alongside advances in tokenization of legacy assets.”

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#BTC

Bitcoin Primed To Keep Appreciating Against US Dollar Forever, According to Michael Saylor – Here’s His Outlook

The executive chairman and co-founder of enterprise software firm MicroStrategy, Michael Saylor, believes Bitcoin (BTC) will always appreciate against the US dollar.

“It’s still less than $1 million a coin. You’re getting a 90% discount from $1 million a coin. I’m sure that I will be buying Bitcoin at $1 million a coin, probably a billion dollars a day of Bitcoin at $1 million a coin. And so I think it’s a very simple idea. Just keep buying Bitcoin with your spare capital. It’s going to appreciate against the dollar forever.”

Saylor predicts that Bitcoin will grow in value by a decreasing annual recurring revenue (ARR) percentage in the coming years. He has said Bitcoin may hit $13 million a coin in 2045.
“I don’t chart it month-by-month, but I noticed that it’s been a 60% ARR for the past four years, and even before that point, and my model is generally that it will grow at 60% ARR decelerating to 20% ARR over 21 years. So if you start to crank in 60% and 58% and 56% and 54%, and you put that on a scale, absent the cycle cyclical volatility, you get to a forecast which makes sense.”
Saylor also predicts that Bitcoin will see less volatility than in the past as the market has matured and adoption increased, such as through the spot BTC exchange-traded funds, which launched earlier this year.
He says he doesn’t expect anything like the “80% drawdown in the depth of the crypto winner from $66,000 to $16,000” to happen again.
“The market right now is driven by the ETFs, driven by the options market, driven by companies like MicroStrategy, driven by the global adoption. So I think what you’ll see is you will still see volatility, but you won’t see the extreme drawdowns of the last cycle. You’ll see a more gentle volatility. It’ll surge up, it’ll come back.”

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#ScamRiskWarning

Hackers Infect 8,000,000 Smartphones As ‘SpyLoan’ Drains Bank Accounts, Steals Sensitive Data for Extortion: McAfee Alert

Cybersecurity firm McAfee says it’s identified a “significant global increase” in a smartphone hack that triggers extortion, harassment and drains bank accounts.
McAfee says hackers are increasingly deploying a group of malicious financial apps containing “SpyLoan” malware, posing a serious threat with more than eight million active installations around the world.
The apps are on Google Play and use the names, logos, brand colors and interfaces of well-known financial institutions.
Once installed, users are asked for sensitive personal information and documents.
“Users are prompted to provide sensitive legal identification documents and personal information, banking accounts, employee information along with device data that is exfiltrated from the victim’s device.”
The privacy terms of the predatory loan apps are extensive and require users to allow access to data such as text messages, call logs and contact addresses. The information is sometimes used as a tool to enforce repayment of loans, according to McAfee.
“Users have reported alarming experiences, such as:
– Receiving threatening calls and death threats for delayed payments.
– Having personal photos and IDs misused to intimidate them.
– The app accesses their contacts to send harassing messages to friends and family.”
The firm says users of the predatory loans are experiencing rampant cases of privacy violations.
“Personal information is exploited for blackmail or sold to third parties. This might include sextortion with victims’ pictures that can be exfiltrated or created with AI.”
The predatory loans offered by the malicious apps are expensive while the loan terms lack transparency.
“Hidden Fees and High Interest Rates: Users receive less than the promised loan amount but are required to repay the full amount plus exorbitant fees within a short period.

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$USDC

#BTC #Bitcoin #Binance

Bitcoin (BTC) Competes With Gold, Not the US Dollar: Fed Chair Jerome Powell

U.S. Federal Reserve Chair Jerome Powell thinks Bitcoin (BTC) is more akin to gold than the US dollar.
At the New York Times DealBook summit this week, Powell was asked whether the public’s interest in BTC represents a lack of faith in the US dollar.
Says the Fed chair,
“I don’t think that’s how people think about it. People use Bitcoin as a speculative asset, right? It’s like gold. It’s just like gold, only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar, it’s really a competitor for gold. That’s really how I think of it.” 
President-elect Donald Trump reportedly has no objections to Powell serving the remainder of his term as Fed chair until May 2026.
Trump nominated Powell during his first term, but the two clashed several times, leading to the then-45th US president threatening to remove the Fed chair from office.
Powell ended up keeping his post, however, and he was reappointed to a second four-year term by President Joe Biden in 2022.

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$BTC

#BTC🔥🔥🔥🔥🔥

Ancient Bitcoin Whale Dormant for 11 Years Suddenly Transfers $257,450,000 in BTC: On-Chain Data

An ancient Bitcoin wallet suddenly sprung to life this week and moved more than $257 million worth of BTC after 11 years of slumber.
The crypto tracker Lookonchain first spotted the unknown address, which moved 2,700 BTC to another wallet on Tuesday.
The long-dormant wallet received the trove of BTC in December 2013, when the top crypto asset only cost $625.84. BTC was priced at $95,361 at the time of Tuesday’s transfer, meaning the USD value of the wallet’s holdings skyrocketed by a staggering 15,137.4% in 11 years.
Data from BitInfoCharts indicates the long-dormant wallet did receive trace amounts of Bitcoin a handful of times over the last 11 years, though those transactions appear to be the result of dusting attacks.
Dusting attacks involve hackers and scammers sending minuscule amounts of cryptocurrency (dust) to numerous personal wallets in an attempt to break the wallet holders’ privacy.
The scammers then try to trace the transactional activity of targeted wallets in order to identify the people or companies behind them.

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#Xrp🔥🔥 #RippleUpdate #LEDGER #xrp

XRP Ledger Developers Make Changes to Blockchain Amid Sudden XRP Mania

Developers working on the XRP Ledger have agreed on major changes to the XRPL in response to the blockchain’s recent surge in popularity.
According to developer WietseWind on the social media platform X, XRPL Labs changed the configuration of its validator last month to lower fees and reserve requirements in anticipation of rising activity on-chain.
“There have been several discussion threads about Reserves and Fees on the XRPL.
On behalf of XRPL Labs I just changed the configuration of our validator, to be enabled the next validator restart.”
According to the developer, the adjustments aim to lower barriers for new users, including a significant reduction in the required reserves.
As of December 2nd, reserve requirements for XRPL users have now been lowered from 20 to 1 XRP.
According to pseudonymous XRPL developer Vet, the move has freed up excess XRP for traders.

“XRP Ledger reserves just dropped!
Activating an XRP account cost now 1 XRP
Holding a Token Trustline only 0.2 XRP
Excessive XRP is now freed up in your account that you can spend now!!”
Developers say the changes will make it more affordable for users to participate in the XRP Ledger ecosystem, thus broadening the blockchain’s user base.
Ripple CTO David Schwartz also asked validators to upgrade to  2.3.0 of rippled, the reference server implementation of the XRP Ledger.
The move comes at a time when XRP’s value has soared to $2.65, its highest level since 2018. XRP is worth $2.51 at time of writing, up 82% from a week ago.

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$XRP

#MemeWatch2024 #altcoins❗️ #Solana⁩ #meme_coin #SolanaInvesting

Trader Turns $160 Into $6,140,000 on New Under-the-Radar Solana-Based Memecoin in Just 12 Days: Lookonchain

Blockchain tracker Lookonchain says one savvy crypto trader is enjoying a chill 38,399x return on a new memecoin.
According to Lookonchain, one anonymous trader is enjoying humongous gains from a Just a Chill Guy (CHILLGUY), a Solana (SOL)-built memecoin based on a viral cartoon.
“Turned $160 into $6.14M, ??a 38,399x return!
12 days ago, this trader spent only 0.75 SOL($160) to buy 12.5M CHILLGUY on http://Pump.fun, and then sold 2.8M CHILLGUY for 149 $SOL ($35.4K). CHILLGUY
The trader still holds 9.62M CHILLGUY($6.1M), with a total profit of $6.14M!”

CHILLGUY has been one of the most viral memecoins of the last month.
Last week, the illustrator behind the viral “Chill Guy” meme warned CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues.
Chill Guy creator Phillip Banks took to the social media platform X to threaten legal action against unauthorized, for-profit uses of his viral cartoon.
“Just putting it out there, chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.”
CHILLGUY is trading for $0.461 at time of writing, up 16.1% from a week ago. Following Banks’ tweet, CHILLGUY fell about 54%. The extremely volatile memecoin was created less than two weeks ago.

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$SOL $MEME

#Xrp🔥🔥

‘Start of a Larger Move’: Analyst Predicts New All-Time High Rally for XRP Into Pure Mania – Here’s His Target

A widely followed cryptocurrency analyst and trader believes the top is not yet in for one red-hot large-cap altcoin.
The analyst pseudonymously known as Credible Crypto tells his 443,500 followers on the social media platform X that payments-focused crypto asset XRP could surge more than 65% from its current value.

Credible Crypto practices the Elliott Wave theory, an advanced technical analysis approach that tries to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset goes through five major waves with each wave having its own five sub-waves.
“It was indeed the start of a larger move to the upside. At this point it looks like we are already well within our third sub-wave now (green structure), with the second sub-wave being short and sweet (red box). First sub-wave of the larger third sub-wave looks to be complete but we have two more waves within this third sub-wave to go, which should smash prior all-time high. People already calling tops on XRP, but in my opinion, I think we are just getting warmed up. The ascent is going to be pure mania.”

The analyst also suggests that XRP has formed a bullish flag pattern on the monthly chart.
In technical analysis, a bull flag is viewed as a continuation pattern, indicating that an asset is consolidating and gearing up for a fresh rally.
“Eight-four months of sideways price action on XRP erased in a single, monthly candle. Legendary.”

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#Xrp🔥🔥 #ETF✅ #Tether

XRP Outruns Entire Crypto Market in Explosive Rally Near All-Time Highs As WisdomTree Gears Up for New ETF

Payments-focused crypto asset XRP has suddenly broken out in price, surpassing the market cap of Solana (SOL) and Tether’s USDT after outperforming the market.
XRP hit a price of $2.81 early on Monday and has since retraced slightly to $2.68, giving it 424% gains in the last 30 days.
At time of writing, XRP has a market cap of $152.5 billion and a fully diluted valuation of $257.4 billion, making it the third-largest crypto asset.
Last week, reports surfaced from Fox News’ Eleanor Terret that global exchange-traded fund (ETF) giant WisdomTree had filed for a spot XRP ETF product in the state of Delaware.
Now, official filings with the SEC for the product have been released for WisdomTree’s “WisdomTree XRP fund,” which aims to give investors exposure to XRP through issuing shares of the fund on the Cboe BZX Exchange.
The filing names Coinbase, the biggest crypto exchange in the US as the fund’s custodian.
“Coinbase serves as the XRP custodian and prime execution agent for several competing exchange-traded XRP products, which could adversely affect the Trust’s operations and ultimately the value of the Shares.”
Earlier in November, asset manager 21Shares also filed a Form S-1 registration statement with the SEC for a proposed product called “the 21Shares Core XRP Trust.” The trust aims to be a passive investment vehicle that tracks the price of XRP.
XRP hit an all-time high of $3.40 in January of 2018.

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#XRP

XRP Overtakes BNB To Become Fifth-Largest Crypto by Market Cap Following 298% Rally in November

Cross-border payments solution XRP is now the fifth-largest crypto by market capitalization after rallying by nearly 300% in just one month.
Data from CoinMarketCap shows that XRP’s market cap is now hovering at around $110 billion, well above BNB’s valuation of $94.422 billion.
BNB, the native asset of the Binance ecosystem, was the fourth-largest crypto asset at the start of last month while XRP was ranked seventh. But XRP furiously rallied from $0.491 on November 1st to $1.957 on November 30th, printing staggering gains of 298% in as little as 30 days.

XRP is now closing in on Solana (SOL). The layer-1 altcoin and Ethereum (ETH) rival is currently the fourth-largest crypto asset valued at $113.416 billion.
About six years ago, XRP stood as the second-largest crypto by market cap just behind Bitcoin (BTC). But things went downhill for the payments altcoin after the U.S. Securities and Exchange Commission (SEC) sued Ripple in December of 2020, alleging that the firm has been selling XRP as an unregistered security for years.
In July 2023, XRP exploded after Judge Analisa Torres ruled Ripple’s automated, open market sales of XRP are not securities. Judge Torres also tossed out the SEC’s allegations that Ripple executives Brad Garlinghouse and Chris Larsen personally conducted an unregistered securities offering by selling XRP.

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#Bitcoin

$1,100,000,000,000 of New Global Money Supply Injected Into Bitcoin and Other Assets in Two Years: Jamie Coutts

Real Vision’s head crypto analyst Jamie Coutts says that during the last two years, about $1.1 trillion of the world’s money supply has been fed into Bitcoin (BTC) and other assets.
In a new thread on the social media platform X, Coutts tells his 29,200 followers that the crypto king blossomed after the M2 money supply, a measure of the sum of cash and checking account balance plus savings deposits and money market mutual funds, bottomed out at $94 trillion in Q4 2022 before subsequently shooting up to $105 trillion.
“Global M2 bottomed at $94 trillion in Q4 2022 and has since climbed to $105 trillion. During this period, Bitcoin’s market cap 5x’ed, adding $1.5 trillion.
In other words, 10% of the new money supply has leaked from the fiat system into the emerging global reserve asset of Bitcoin (gold, equities etc have absorbed new money as well). What happens if M2 expands by the usual $30 trillion this cycle?”

Coutt’s chart suggests that by the end of 2026, the global M2 supply will be about $118 trillion, which could help push the growth of BTC.
According to the analyst, since the top crypto asset by market cap’s annual growth dwarfs that of the Fed’s balance sheet, the M2 money supply and real wages in the US, BTC may offer economic solutions for many.
“It’s pretty straightforward: for individuals, companies, and sovereigns, Bitcoin is one of the few ways out of this mess.”

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$BTC

#BTC #Bitcoin #BitcoinTrends"

500,000 Bitcoin Sold by Long-Term Holders As BTC Rallies Toward $100,000

Long-term holders have hawked more than 500,000 Bitcoin amid BTC‘s latest bull run, according to the crypto analytics firm Glassnode.
The firm notes in a new analysis that the long-term holder cohort reached its peak Bitcoin supply in September.
“Like all previous cycles, the Long-Term Holder cohort is taking advantage of inflowing liquidity and a strengthened demand side to recommence distribution of held supply at scale.”

Long-term holders have sold 507,000 BTC since that peak, but Glassnode notes that is a smaller level than the 934,000 Bitcoin spent during the rally into the March 2024 all-time high.
However, the long-term holder cohort is raking in record profit levels, according to the analytics firm.
“Long-Term Holders have a key role in the price discovery process, as they are a dominant source of previously dormant supply returning into liquid circulation. It becomes more prudent to assess the degree of profit-taking amongst this cohort as the bull market progresses, as they tend to become increasingly more active as prices rise.
Long-Term Holders are currently realizing a massive $2.02 billion in realized profit per day, setting a new ATH and eclipsing the previous one set in March. A robust demand side is required to fully absorb this supply overhang, which may require a period of re-accumulation to fully digest.”

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