Crypto News
XRP Hits 7-Year High Above $3 as Large Holders Accumulate $3.8B of Tokens
XRP, the native token of the XRP Ledger network closely related to Ripple, surged to a six-year high on Wednesday as bitcoin (BTC) rallied to $100,000, with traders encouraged by this morning's highly-anticipated U.S. CPI inflation data report.The token briefly topped $3 during early U.S. trading session for the first time since early 2018 January, before slightly paring gains. Recently changing hands at $2.95, it was 11% over the past 24 hours, outperforming bitcoin's (BTC) 3.6% and the broad-market benchmark CoinDesk 20 Index's 6.7% advances during the same period.XRP has been among the best-performing tokens, with a 488% gain since Donald Trump's election victory. It has now become the largest cryptocurrency by market capitalization behind BTC and Ethereum's ether (ETH),...
Oklahoma Becomes Latest State to Consider Bitcoin Reserve Bill
The bill’s Republican sponsor said that Oklahoma's Bitcoin initiative follows President-elect Donald Trump’s “vision for digital assets.”Source link
Bitcoin’s Correlation With Nasdaq 100 Hits Two-Year High Amid Inflation Concerns
Trading patterns in equity markets reveal that investors are bracing for increased volatility as the latest U.S. inflation report is set to be released. Bitcoin Moving in Tandem With Tech Stocks The correlation between bitcoin and U.S. technology stocks has surged to a two-year high, underscoring how the equity market’s response to the upcoming U.S.Source link
Eight U.S. Blockchain Lobby Groups Unite Ahead of Trump’s Crypto Friendly Regime
With only a handful of days remaining until the second inauguration of U.S. President-elect Donald Trump, crypto policy groups are readying to kick things into higher gear.Blockchain associations from eight U.S. states announced on Tuesday the creation of the North American Blockchain Association (NABA), an organization aiming to provide cohesive crypto policy recommendations to the federal government.“A few years ago Arry Yu and I led an effort to provide more information and best practices sharing between state associations,” Lee Bratcher, president of the Texas Blockchain Council and a member of NABA’s board of directors, told CoinDesk. “NABA is the formalization of that process in which each state association is independent and retains agency but can act in concert with...
Bitcoin Surges Above $100K as Inflation Fears Fade Ahead of Trump’s Inauguration
Bitcoin topped $100,000 on Wednesday, showing renewed strength ahead of President-elect Donald Trump's return to the White House.Source link