XRP News Today: XRP Flips Solana on RLUSD News as BTC Hovers Below $100k

The place do you suppose XRP is headed subsequent? Click on right here for our newest XRP information, market insights, and unique professional evaluation.

Bitcoin Hovers Beneath $100,000 on Provide-Demand Traits

BTC supply-demand traits remained a tailwind on Sunday, with traders probably contemplating November’s US BTC-spot ETF circulate traits. The US BTC-spot ETF market registered internet inflows of $6.68 billion in November, the most important since launching in January 2024.

Sentiment towards US President-elect Trump’s marketing campaign pledges has fueled BTC-spot ETF demand, supporting BTC’s transfer to an all-time excessive of $99,318.

On the marketing campaign path, Trump pledged to make BTC a US strategic reserve asset, making the US authorities a BTC HODLER. The US authorities turning into a BTC HODLER would mitigate oversupply danger. The US authorities at the moment has a 208,109 BTC stockpile, equal to $20.26 billion.

Nonetheless, Trump’s nominations for the SEC and Commodities Futures Buying and selling Fee Chairs can be essential. The companies should implement applicable regulatory tips.

Trump’s US Treasury Secretary nomination, Scott Bessent, was a serious step towards making BTC a strategic reserve asset. In July 2024, Bessent highlighted the significance of the crypto market to US traders whereas criticizing the Democratic Occasion’s anti-crypto stance.

Congress, the Federal Reserve, the Treasury Division, and the President should approve BTC as a strategic reserve asset.

Whereas BTC continues to hover beneath the coveted $100k mark, betting platform Kalshi continues sending bullish BTC value indicators. On Monday, December 2, the possibilities of BTC hitting $100k by December 31 stood at 77%. This was up from 59% earlier than Thanksgiving.

Bitcoin (BTC) Worth Prediction

On Sunday, BTC gained 0.79%, partially reversing a 1.14% loss from Saturday, closing at $97,026. Considerably, BTC prevented a drop beneath the $95,000 mark for the third consecutive session.

Close to-term BTC value traits will probably rely on Trump’s SEC and CFTC nominations. Professional-crypto Chairs might increase hopes that BTC will grow to be a US strategic reserve asset and drive BTC above $100,000.