Latest Cryptocurrency News (Past 24 Hours)
Market Movements:
1. Bitcoin (BTC): After recently touching $100,000, Bitcoin’s price has slightly cooled down to around $98,000. The market reflects some profit-taking by long-term holders who sold over 728,000 BTC in the past 30 days.
2. Ethereum (ETH): Ethereum surged over 10%, reaching $3,660, driven by bullish trading sentiment. This marks its strongest single-day performance in weeks.
3. Ripple (XRP): XRP climbed 11% to $1.49, breaking out of a 10-year resistance pattern, fueled by positive market sentiment and upcoming regulatory clarity.
DeFi and Altcoins:
Kernel Restaking Investment: Cypher Capital announced a strategic investment in Kernel’s restaking infrastructure, emphasizing the growing interest in innovative staking solutions in DeFi.
Meme Coins: DOGS, a popular meme coin, collaborated with NGOs to support homeless stray rescues, reflecting continued niche market appeal.
Regulatory and Legal Updates:
1. Global Adoption:
A Suriname presidential candidate has pledged to adopt Bitcoin as legal tender if elected, showing Bitcoin’s increasing geopolitical influence.
India is exploring CBDCs and cross-border mobile payment systems, showcasing the country’s progressive stance on blockchain technology.
2. United States:
SEC Chair Gary Gensler plans to step down in January 2025. This could pave the way for more crypto-friendly leadership under the next administration.
Congress has received over $245 million in campaign contributions from crypto-related PACs, highlighting strong industry lobbying efforts.
Notable Industry Updates:
1. Institutional Interest:
Mastercard and J.P. Morgan announced a collaboration on seamless blockchain-based global payments, signaling strong institutional backing for crypto innovation.
MicroStrategy reiterated its bullish stance despite the recent dip, with founder Michael Saylor forecasting significant shareholder returns from Bitcoin holdings.
2. Crypto Events:
Ripple CEO Brad Garlinghouse secured a feature on “60 Minutes,” boosting XRP visibility.
Black Friday deals on cold wallets like Trezor and Ledger highlight consumer interest in securing crypto assets.
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