Ripple's stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar.
This week's crypto calendar is packed with major events and bullish stories, including the potential approval of Ripple's Stablecoin, XRP overthrowing BNB with a $100 billion market cap, XLM's 50% surge following a Grayscale Stellar Lumens Trust filing, and FIFA's new NFT game. Additionally, Binance has delisted eight altcoin trading pairs from its spot market, while MicroStrategy is planning to add more Bitcoin to its portfolio.
A recent dip in Bitcoin's price to the low $90,000s, a prominent crypto analyst is confident that the cryptocurrency has yet to enter its most explosive phase. Known for accurately predicting past Bitcoin trends, pseudonymous trader Dave the Wave tells his 147,300 followers on X (formerly Twitter) that the world's leading digital currency is still on track to soar into the six-figure territory in the near future.
Ripple Labs' XRP has once again returned to the top five cryptocurrencies by market capitalization. Data from CoinGecko shows that XRP beat Binance Coin (BNB) in terms of market capitalization, with XRP having a market capitalization of $100 billion above BNB's $94 billion.
Ripple's XRP is showing strong movement in the current bull run, continuing its upward trend. XRP is currently trading above the crucial $1.50 level and is up by more than six percent in the last 24 hours. The altcoin has gained 20 percent in the past week and is now eyeing to break the $1.
Ripple labs is preparing to launch its regulated stablecoin, RLUSD, following indications that New York's top financial regulator, the Department of Financial Services (NYDFS), is poised to approve the product. If approved, Ripple will be able to issue its stablecoin under a limited-purpose trust charter.
Although currently undergoing a brief correction after almost touching the $100,000 price level, technical analysis has shown the emergence of a bullish pattern on the Bitcoin price chart. Notably, the correction has given rise to the formation of a bullish pennant on the 3-day candlestick Bitcoin price chart.
Boyaa now holds more than 3k BTC after converting Ethereum into Bitcoin
CryptoQuant community analyst Maartunn highlighted that XRP's current price increase is a “leverage-driven pump,” with a similar event in the past ending in a 17% correction. According to CryptoSlate data, XRP was priced at $1.72 as of press time, up 16.
Cryptocurrency markets are closing Friday strong, with Bitcoin's performance paving the way for altcoin gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,590 +2.8% Ethereum (CRYPTO: ETH) $3,600 +1.0% Solana (CRYPTO: SOL) $242.66 +2.8% Dogecoin (CRYPTO: DOGE) $0.4355 +9.6% Shiba Inu (CRYPTO: SHIB) $0.00002621 +4.0% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 22.6% and daily active addresses falling by 8%.
Ripple is on the brink of launching its regulated stablecoin, RLUSD, with approval from the New York Department of Financial Services (NYDFS) expected soon.
Two popular altcoins are surging in price after receiving surprise listings from US-based crypto exchange platform Bitstamp. In a new blog post, the crypto exchange says that its US branch is adding support for smart contract platform Solana (SOL) and Pepe (PEPE), a frog-themed meme asset built on top altcoin Ethereum (ETH).
Crypto exchange Bitstamp announced it will list Solana (SOL) and PEPE in the US
Ripple has secured a major win in the class action suit against the crypto firm, XRP II LLC, and CEO Brad Garlinghouse. This win provides a bullish outlook for the XRP price, which analysts say is well primed for another leg to the upside.
Bitcoins meteoric rise of 158.9% places it far ahead of crude oil on Bloombergs scorecard. Mike McGlone points to rapid technological advancements and geopolitical pressures as driving forces, signaling major market shifts as 2025 approaches.
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
Recently, XRP has been on a robust positive run; some predict that the altcoin will hit $2 in the following weeks. This hope coincides with increasing whale activity, as technical signs suggest that the price might cross significant barrier levels.
XRP moves closer to $2 as new partnerships and a fresh round of trading volumes help send the altcoin to a new 2024 price high.
Boyaa's stash of 3,183 Bitcoin is worth $310 million as of this writing, making the firm Asia's largest BTC treasury reserve holder.
Ripple's dollar-backed stablecoin, RLUSD, is officially on track for its December 4 debut in New York. The New York Department of Financial Services (NYDFS) is reportedly ready to approve the new product, clearing Ripple to enter the highly regulated New York finance market.
Ripple's XRP has flipped BNB to become the fifth-largest cryptocurrency by market capitalization. XRP's market cap reached $99 billion on Friday, its highest in over three years.
The co-founders of the crypto analytics platform Glassnode believe that Bitcoin (BTC) may start heading higher after retracing to the low $90,000s based on one metric.
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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.
BlackRock's iShares Bitcoin Trust (IBIT) continues to lead the way with inflows of $5.4 billion in November alone. The post Bitcoin ETFs See Record Monthly Inflows of $6.2B as BTC Price Nears $100K appeared first on Cryptonews.
One of the top Hong Kong-based gaming companies, Boyaa Interactive, has converted $49.48 million worth of Ethereum into Bitcoin. The gaming company has now become the largest corporate Bitcoin holder in Asia.
Altcoins like Solana (SOL), Dogecoin (DOGE), and Render (RENDER) are showing strong momentum as Bitcoin nears $100,000. Solana recently hit a new all-time high and continues to attract users and trading volume.
Ripples RLUSD stablecoin nears NYDFS approval, offering a stable alternative to XRP and positioning Ripple in the regulated stablecoin market. The post Ripple's RLUSD stablecoin set to enter the US crypto market appeared first on Crypto Briefing.
With Bitcoin's dominance sustained by institutional and ETF flows, altcoins will have to rely on exchanges for the next altseason or find new strategies to attract capital.
The UK Court of Appeal has ended Craig Steven Wright's bid to overturn the decision that dismissed his claim to the title of Satoshi Nakamoto, the pseudonym of the Bitcoin creator, to an end.
Renowned crypto enthusiast Max Avery offered insights into the evolving landscape of the cryptocurrency industry, specifically addressing the fading suppression tactics against XRP. Avery believes that, over time, XRP's resilience in the face of regulatory pressure and its disruptive role in cross-border payments have positioned it to play a central part in the future of finance.
XRP has witnessed an impressive surge, climbing 16.4% in the last 24 hours to reach $1.72. This rally positions XRP as the fifth-largest cryptocurrency by market capitalization, with bullish trends evident across all timeframes. XRP On the daily chart, XRP exhibits a robust uptrend, having risen from $0.50 to $1.
PEPE coin has relied on whale support to break key resistance, but an emerging shift may soon weaken this backing.
Davinci Jeremie, the early Bitcoin advocate who famously urged people to buy BTC when it was just $1 over a decade ago, has set his sights on another cryptocurrency.
Two XRP whale transactions totaling $219 million have captured global attention amid Ripples advancing lawsuit against the SEC. XRP surged 13%, reaching $1.65 as the market reacts to positive legal signals and growing investor confidence.
Bitcoin price struggles to overtake $100,000, but the predictable price action is creating a path forward for many altcoins.
Crypto prices traded higher on Friday for most assets as Bitcoin (BTC) targeted the $100,000 milestone again following last week's failed attempt. Algorand, Peanut the Squirrel and XRP are among top performers on the day. Market data shows the global cryptocurrency market cap rose to $3.
In an unexpected turn of events, Ripple's official YouTube channel has been removed just as XRP hit its highest price of the year. The removal of the YouTube channel has raised eyebrows in the cryptocurrency community, especially given the timing of this decision.
The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin through a so-called limited purpose trust charter.
XRP tokens worth $225 million are on the move as the Ripple token flips BNB to become the fourth-most-valuable coin in crypto. Find out more The post XRP Worth $225m in Mystery Move as Ripple Token Flips BNB And Price Soars to $1.76, Next Stop $5? appeared first on Cryptonews.
Shiba Inu (SHIB), a leading meme coin, has gained notable traction this month, riding on a wave of market optimism. Over the past year, SHIB's value has surged by an impressive 200%, highlighting its resilience and strong community backing.
Bitcoin's recent rebound fuels renewed hopes for a $100K breakout as market sentiment ticks up.
Ripple (XRP) price has surged over 230% in the past 30 days, reaching its highest levels since 2018. The strong uptrend, supported by bullish indicators like RSI and CMF, suggests the potential for further gains.
Ripple's native cryptocurrency, XRP, became one of the top five cryptocurrencies by market cap for the first time amid bullish industry sentiment.
Grayscale Investments' head of research Zach Pandl expects Ether to benefit more than Bitcoin as Donald Trump takes the office in January. Trump has already promised regulatory clarity and more accommodative policies for digital assets.
Bitcoin CME futures have surged past $100,000 for the second time in just five days, signalling robust institutional demand and fueling optimism for the cryptocurrency's spot price to achieve the same milestone.
Renowned trader Gareth Soloway, who has over 25 years of market experience, shared his price predictions for Bitcoin over the next few years. Drawing parallels to his experiences during the dot-com bubble, Soloway highlighted the importance of learning to read charts and adapting strategies, likening it to becoming “the casino instead of the gambler.