<\/p>\n\n\n\n
Bitcoin began the week trading in a tight range, hovering just below the psychological $100,000 mark. The cryptocurrency market was influenced by optimism surrounding potential pro-crypto policies under the incoming Trump administration, while XRP saw a significant surge on speculation of favorable regulatory developments.<\/p>\n\n\n\n
Bitcoin traded at $96,513.2 as of early Monday, up 0.2% but still shy of its recent peak of over $99,000. The world’s largest cryptocurrency has been rangebound between $90,000 and $100,000 over the past two weeks, reflecting some profit-taking after reaching record highs.<\/p>\n\n\n\n
The recent rally was buoyed by expectations of friendlier U.S. crypto policies under President-elect Donald Trump, who has pledged to make the U.S. a leader in digital assets. Trump’s potential policy shifts, including appointing pro-crypto officials to key regulatory positions, are being closely watched.<\/p>\n\n\n\n
Despite these developments, traders are awaiting more clarity on how these policies might materialize, including the possibility of a “Bitcoin Strategic Reserve” and shifts in regulatory oversight.<\/p>\n\n\n\n
XRP was the standout performer, surging nearly 33% to $2.46 and overtaking Tether to become the third-largest cryptocurrency by market capitalization at $140.13 billion.<\/p>\n\n\n\n
The rally was driven by speculation that the SEC might drop its long-standing lawsuit against Ripple following SEC Chair Gary Gensler’s impending resignation. Reports suggest that Trump may appoint Paul Atkins, a pro-digital asset advocate, to lead the SEC.<\/p>\n\n\n\n
Additionally, traders speculated on the potential transfer of crypto regulation from the SEC to the Commodity Futures Trading Commission (CFTC), which is perceived to adopt a more lenient stance on the sector.<\/p>\n\n\n\n
Altcoins showed mixed performance as traders weighed Trump\u2019s protectionist trade rhetoric against potential crypto-friendly policies:<\/p>\n\n\n\n
Bitcoin’s rangebound behavior indicates a consolidation phase, as traders look for stronger catalysts. The broader crypto market appears to be awaiting policy clarity from the incoming administration, which could significantly influence regulation and market dynamics.<\/p>\n\n\n\n
XRP\u2019s recent rally highlights the potential impact of regulatory developments on individual tokens. If Trump\u2019s administration delivers on its promises for crypto-friendly reforms, the market may see renewed bullish momentum.<\/p>\n\n\n\n
As the global trade environment evolves and regulatory landscapes shift, cryptocurrencies remain poised for potentially volatile moves in the weeks ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin began the week trading in a tight range, hovering just below the psychological $100,000 mark. The cryptocurrency market was influenced by optimism surrounding potential pro-crypto policies under the incoming Trump administration, while XRP saw a significant surge on speculation of favorable regulatory developments. Bitcoin Maintains Range Near All-Time Highs Bitcoin traded at $96,513.2 as …<\/p>\n","protected":false},"author":9,"featured_media":53219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,8060],"class_list":["post-108849","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-profit-taking"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=108849"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108849\/revisions"}],"predecessor-version":[{"id":108850,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108849\/revisions\/108850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53219"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=108849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}