Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,346)
  • Analysis (1,534)
  • Bitcoin (2,117)
  • Blockchain (1,234)
  • DeFi (1,452)
  • Ethereum (1,461)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,495)
  • Press Releases (1)
  • Reddit (769)
  • Regulation (1,396)
  • Security (2,009)
  • Thought Leadership (2)
  • Uncategorized (2)
  • Videos (41)
Hand picked
  • Presidential Crypto Push: Trump Media’s $3 Billion Fundraise Could Spark Institutional FOMO
  • Curve Dao drops by 9%, but long -term investors can save CRV – How?
  • The soil price jumps 4.77% as an increase in Solana ETF approval ratings
  • Tether acquires a participation of 31.9% in Elementary Altus
  • A gamified and transparent platform for chain engagement
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Regulation»slides below $96,000, XRP jumps on regulatory hopes By Investing.com
Regulation

slides below $96,000, XRP jumps on regulatory hopes By Investing.com

December 3, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bitcoinethereumdogecoinripplelitecoin 800x533 L 1637104843.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


Investing.com–Bitcoin fell slightly on Monday after falling into a trading range just below the coveted $100,000 level, while XRP performed particularly well on speculation that the SEC may drop its lawsuit against the transmitter.

The world’s largest cryptocurrency has fallen into a trading range between $90,000 and $100,000 over the past two weeks, after hitting a series of record highs. While Bitcoin still remained within sight of a peak above $99,000, some optimism about its prospects cooled in anticipation of new signals on US politics.

slipped 1.4% to $95,864.0 as of 8:55 a.m. ET (1:55 p.m. GMT). The recent rebound in crypto markets has been primarily driven by optimism over Donald Trump’s presidency, which is expected to result in more favorable crypto regulation.

Bitcoin hit by some profit-taking, traders seek clear policy

Bitcoin’s limited performance over the past two weeks has also been driven by a measure of profit-taking at record levels.

Traders were now seeking more clarity on what Trump’s policies would mean for crypto, after he promised to make the United States the crypto capital of the world, and even floated the idea of ​​a strategic Bitcoin reserve.

Trump’s picks for Treasury Secretary and Commerce Secretary both have pro-crypto views, while reports suggest he may also choose a pro-crypto candidate to chair the Securities and Exchange Commission.

XRP Becomes Third Largest Crypto on SEC Speculation

surged more than 28% to $2.44 on Monday, making the stablecoin the third-largest cryptocurrency by market capitalization, at around $139 billion, according to data from Coinmarketcap.

The token has been largely fueled by speculation that an imminent change in leadership at the SEC would see the regulator drop its long-running lawsuit against XRP issuer Ripple.

SEC Chairman Gary Gensler has said he will resign when Trump takes office in January, with recent reports suggesting former Commissioner Paul Atkins could replace him. Atkins has openly expressed his support for digital assets.

Traders also speculated that Trump could shift crypto regulation to the SEC’s Commodity Futures Trading Commission. The CFTC should take a less strict stance when it comes to regulating the industry.

Crypto Price Today: Altcoins Are Limited

Broader cryptocurrency prices were mostly range-bound Monday as traders looked for more clues on policy. Risk appetite was also dented by Trump’s threat to impose high tariffs on BRICS bloc countries.

The world’s No. 2 crypto fell more than 2% to $3,620.1.

plunged more than 5% while it rose about 3%. During this time, it increased by 4.2%.

Among meme tokens, lost 1.5%.

MicroStrategy buys more BTC

Business intelligence firm MicroStrategy Incorporated (NASDAQ:) continues to expand its Bitcoin holdings, acquiring 15,400 BTC for approximately $1.5 billion between November 25 and December 1. According to an 8-K filing with the SEC on Monday, the average purchase price was $95,976 per coin. Bitcoin.

This acquisition coincided with the company’s sale of an additional 3,728,507 shares during the same period, increasing the equivalent amount. As of Dec. 1, MicroStrategy said about $11.3 billion of remaining shares were available for sale as part of its $21 billion stock offering plan. Combined with $21 billion in fixed income, the company aims to raise $42 billion over the next three years to fund further Bitcoin purchases.

With this latest acquisition, MicroStrategy now owns 402,100 BTC, valued at over $38 billion. The total cost of the company’s Bitcoin investments stands at an average cost of $58,263 per BTC, including associated fees, totaling approximately $23.4 billion, according to co-founder and executive chairman Michael Saylor.

Ambar Warrick contributed to this report.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTop 5 things to know about the crypto market this week
Next Article Everclear Reports Strong Mainnet Beta Performance; DAO Approves New Tokenomics and CLEAR Token Migration

Related Posts

Regulation

Cryptography regulations: Biden against Trump – a regulatory rumble in the digital arena

June 12, 2025
Regulation

Barron’seu Crypto Regulation hampered by national defects The first regulation of cryptocurrencies on the EU scale was supposed to impose a certain harmony, but the disparities in implementation by the member countries have …. 5 hours ago

June 12, 2025
Regulation

Our crypto illusion

June 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

The soil price jumps 4.77% as an increase in Solana ETF approval ratings

June 12, 2025

Can the vision of XRP Ledger – manage 14% of fast payments by 2030?

June 12, 2025

Correction in an increasing asset could trigger rallies for the Altcoin markets, according to analyst Michaël Van de Poppe

June 12, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,436.79
ethereum
Ethereum (ETH) $ 2,732.55
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.24
bnb
BNB (BNB) $ 661.85
solana
Solana (SOL) $ 157.81
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.186928
tron
TRON (TRX) $ 0.274923
staked-ether
Lido Staked Ether (STETH) $ 2,732.07