Summary:
Bitcoin is approaching the $100,000 milestone amid renewed ETF interest.
XRP surges to $2.44, up 69% in the past week, driven by ETF speculation.
Shiba Inu sees a 13% increase, becoming a top 10 cryptocurrency.
Chainlink partners with Trump's initiative, trading at $21.37 after a 20% rise.
Hedera files for an HBAR ETF, trading at $0.2815 with 75% growth recently.
Bitcoin's Momentum Towards $100K
Bitcoin (BTC) is once again gaining momentum towards the highly anticipated $100,000 milestone, overcoming earlier resistance. This renewed push is fueled by a surge in investment in Bitcoin ETFs, igniting fresh enthusiasm among market participants. The ripple effect of this activity is being felt across the broader cryptocurrency market, with rising optimism and increasing valuations as investors eye further price gains.
On November 22, Bitcoin reached $99,645, but has since shown signs of hesitation, trading at $96,000, marking a 2% decline over the past week. Traders and analysts speculate whether Bitcoin will finally breach the elusive six-figure barrier in the coming days.
XRP's Remarkable Rally
XRP, the native token of the XRP Ledger, has skyrocketed to its highest level since May 2021, peaking at $2.44. This rally is fueled by speculation surrounding a potential XRP ETF. Recently, WisdomTree registered an XRP ETF in Delaware, adding to the momentum. Currently, XRP is trading at $2.44, reflecting an impressive 69% gain in the past week.
Shiba Inu's Rise
Shiba Inu (SHIB) has seen a notable surge, propelling the memecoin into the top 10 cryptocurrencies by market capitalization. It is currently trading at $0.00002921, reflecting a 13% increase over the past week. If you had invested $100 in Shiba Inu in November 2020, it would now be worth an astonishing $52,288,492!
Chainlink's Growing Influence
Chainlink (LINK) is designed to bridge blockchain networks and real-world data. Recently, President-elect Donald Trump announced a partnership with Chainlink for his crypto initiative, World Liberty Financial. Currently, LINK is trading at $21.37, reflecting a 20% rise over the past week.
Hedera's ETF Aspirations
Hedera is on a remarkable upward trajectory as Canary Capital has filed an S-1 registration with the U.S. SEC to launch an HBAR ETF. If approved, this ETF could provide investors with streamlined exposure to Hedera's price, currently trading at $0.2815, reflecting a 75% growth over the past week.
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