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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
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Post your insights and trading strategie
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CEO Ripple Praises Trump's Choice of Electronic Currency Treasury
Ripple's CEO, Brad Garlinghouse, has shared good news with XRP and the cryptocurrency community in general. Garlinghouse revealed that Donald Trump has finally appointed Scott Bessent, a renowned speculative fund manager with a supportive stance on cryptocurrencies, as the next Treasury Secretary. With Bessent's track record and Garlinghouse's optimism, this could signal the end of the long-running battle between Ripple and the SEC and open up new opportunities for the industry. Who is Scott Bessent? Scott Bessent, the founder of Key Square Group, has been appointed by Trump to head the US Treasury. With a background on Wall Street and experience working with George Soros, Bessent has a wealth of financial knowledge. He is also an early supporter of Trump's 2024 presidential campaign. Bessent has voiced support for Trump's plan to create a strategic Bitcoin reserve fund. He shares Trump's vision of promoting US competitiveness and addressing trade imbalances. Trump emphasized that Bessent will promote policies in line with the "America First" agenda. But Trump didn't stop there, he also nominated Representative Lori Chavez-DeRemer as the US Secretary of Labor to improve wages and restore employment in the manufacturing sector. Ripple CEO: Bessent, the perfect choice! In addition, Ripple CEO Brad Garlinghouse tweeted his support for Scott Bessent as the US Secretary of the Treasury. He believes that Bessent is the perfect choice, especially in promoting innovation and supporting cryptocurrencies.
Garlinghouse believes that Bessent could be the most crypto-friendly Secretary of the Treasury the United States has ever had. Garlinghouse believes Bessent can help shape policies that promote growth in the cryptocurrency industry, creating a more favorable legal environment for digital currency. XRP price reaction This announcement has had a significant impact on the XRP market. In response, the price of XRP soared by over 60%, reaching $1.56. This strong increase highlights the growing optimism in the cryptocurrency space, driven by the potential for a more crypto-friendly environment under Bessent's leadership. What's next for Ripple in relation to the SEC? With Gary Gensler preparing to leave the SEC in January 2025, speculation about the future of the Ripple vs. SEC lawsuit is increasing.
Attorney Jeremy Hogan, who supports XRP, believes that the case could be resolved in the spring or early summer of 2025. If Bessent's appointment leads to more favorable policies, the case could ultimately come to a close.