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Bitcoin reaches all-time high of $100,000 on optimism over Trump's SEC pick

Bitcoin prices have reached an all-time high of $100,000, after a brief pause seen in the recent rally, that has been powered by the anticipation that Trump 2.0 administration will be friendlier to the digital asset.

President-elect Donald Trump's decision to nominate a crypto advocate as the next head of the US Securities and Exchange Commission (SEC) seems to have propelled Bitcoin to the all-time high level.

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Donald Trump has promised to appoint regulators more agreeable to the digital asset industry, and has plans for a strategic stockpile of Bitcoin. The recently concluded US election also saw candidates supportive of cryptocurrencies emerge as lawmakers.

The market capitalization of the crypto asset is now just shy of $2 trillion level. To put this in context, Nvidia and Apple's market capitalisation is just over $3.5 trillion and $3.6 trillion respectively.

The market capitalization of all the gold in the world is roughly $17.7 trillion.

The enthusiasm around bitcoin is expected to continue, especially in anticipation of supportive policies from the incoming Trump administration, which is encouraging a favourable environment for the digital asset.

$XRP
Ripple’s XRP hits 6-year highs: Could it challenge Ethereum’s no. 2 spot? Analysis and predictions

XRP’s price is on fire, surging 350% in 2024 — what’s fueling this rally, and could it be setting the stage to surpass Ethereum?

XRP (Ripple)
has been riding a massive bullish wave, with the price of XRP surging to an incredible 6-year high of $2.71 on Dec. 2, up from just $0.61 at the start of the year, reflecting nearly 350% gains for early 2024 investors.

This bullish momentum has led XRP to dethrone Tether
as the third-largest crypto by market cap, with XRP currently sitting at a market cap of $154 billion compared to Tether’s $134 billion.

Even with a slight retrace to $2.68 as of this writing, XRP has posted a remarkable 90% gain in just the past week, making it the second best-performing crypto among the top 100 coins by market cap.

Ripple’s recent rally aligns with the election of Donald Trump as the 47th president of the U.S., the resignation of Gary Gensler as SEC chair, and a growing sense of optimism in the crypto community.

Gensler’s departure marked the end of a regulatory era that many in the industry felt was overly combative, and Ripple, which has been embroiled in a long-standing legal battle with the SEC, seems to be emerging as a major beneficiary of this shifting dynamic.

But that’s not all. According to data from CoinGlass, XRP experienced $85.5 million in future contract liquidations in the past 24 hours, outpacing even Bitcoin’s nearly $73 million. Interestingly, about $55 million of these liquidations were shorts — bets that XRP’s price would fall.

Ripple’s XRP hits highs: Could it challenge Ethereum’s no. 2 spot? Analysis and predictions - 1
Liquidations occur when traders betting on price movements (either up or down) can no longer maintain their positions due to market shifts, and the fact that so many short positions were wiped out indicates a strong bullish sentiment as prices rose dramatically, forcing these traders to exit
#XRPReclaimsTop3 #XRPTrends #Xrp🔥🔥

Binance has revealed plans to support the upcoming Wise Monkey airdrop, which looks to reward holders of ApeCoin and Floki.

This development, which will distribute portions of the Wise Monkey supply, is part of a collaborative effort involving Floki, the Ape Accelerator, and other notable blockchain entities to introduce new energy to the crypto ecosystem.

According to Binance’s announcement, the airdrop will use wallet snapshots to determine eligibility. For holders of ApeCoin
ape
10.91%
ApeCoin, the snapshot occurred on Nov. 29 at 00:00 UTC. Meanwhile, Floki FLOKI
floki
-1.04%
FLOKI holders will have their snapshot on Dec. 15, at 00:00 UTC.

Binance confirmed that the distribution will follow a specific ratio. Particularly, for every 1 FLOKI held, a market participant will receive 0.35 MONKY, while each 1 APE token will equal 804,828 MONKY.

To qualify for the airdrop, users must hold at least 1 FLOKI or 1 APE. Any balances below this threshold, including those in trade, withdrawals or deposits at the time of the snapshot, are excluded.

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The exchange stressed that eligible balances include holdings in Binance funding and spot wallets, as well as certain flexible accounts like Simple Earn. However, liabilities in margin accounts and borrowed tokens are ineligible.

Wise Monkey airdrop
The Wise Monkey token gets its inspiration from the proverb “See No Evil, Hear No Evil, Speak No Evil.” The meme coin will launch on the Binance Smart Chain later this month.

FLOKI and APE holders stand to receive portions of the supply. The project plans to allocate 35% of the supply to the Floki community, with 27% set to be airdropped to holdings on supported centralized exchanges and on-chain holdings. Meanwhile, 10% of the supply will go to APE holders.
#floki #Ape
Binance’s recent support comes on the back of a similar move from While the token distribution is confirmed, its listing on Binance for trading is subject to the platform’s rigorous review process, and no guarantees have been made.

Father Of Crypto #satoshiNakamato

#WeAreAllSatoshi #BTCUptober

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BTC 70,000$ Soon 💰💰💰💰
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