#Bitcoin's #binance #TipAndGrow

The cryptocurrency sector valuation hit $3.48 trillion on Tuesday, reflecting a $40 billion increase.
Bitcoin price fell below $95,000 as investors increasingly lean towards altcoins.
In the derivatives markets, 216,337 traders were liquidated, with total liquidations coming in at $591.56 million.

Altcoin market updates: Bitcoin consolidates at $95K as Tron and Avalanche emerged as top performers
Bitcoin price consolidated around the $95,000 mark on Tuesday, as traders continue to rotate profits towards the altcoin markets. Positive sentiment surrounding potential altcoin ETF approvals in 2025 has sparked a major accumulation wave across the altcoin markets.

While XRP price retreated to find support at the $2.50 mark, Cardano (ADA), Avalanche (AVAX) and Tron (TRX) all registered considerable gains.
Tron (TRX) was the standout performer, scoring 25% gains and leapfrogging AVAX to become the 10th largest crypto asset by market capitalization.
Avalanche (AVAX) price surged 11% on Tuesday, after AVA Labs CEO hinted at potential collaboration with the Donald Trump administration.
Chart of the day: Blackrock hits 500,000 BTC Milestone
BlackRock’s IBIT spot Bitcoin ETF has reached a significant milestone, surpassing 500,000 BTC in assets under management (AUM). Launched on January 11, 2024, the fund has grown rapidly, now holding $48 billion worth of Bitcoin, approximately 2.38% of Bitcoin's total 21 million supply.

Blackrock (IBIT) ETF Holdings as of | Dec 3 2024 | Source: K3 research

“BlackRock surpassing 500,000 BTC is yet another huge milestone after a tremendous launch year. It remains the third strongest ETF instrument in the U.S. measured by YTD flow, ahead of Invesco's $314 billion behemoth QQQ.” - K33 Head of Research, Vetle Lunde

Monday's net inflow of 3,526 BTC, propelled IBIT past the 500,000 BTC milestone, means that BlackRock’s Bitcoin ETF has now surpassed MicroStrategy’s BTC holdings, despite the latter’s three-year head start.

Key Points:
Trump's SEC pick Paul Atkins could reshape crypto policies, Ripple case outcomes, and ETF approvals starting January 2025.
XRP dips 6.02% as Ripple case and SEC leadership shift loom; investors brace for pivotal regulatory moves.
BTC eyes $100K amid ETF inflows; Trump’s bold Bitcoin reserve strategy fuels market speculation.
Trump Nominates Paul Atkins as SEC Chair: Crypto Market Braces for Change
On Wednesday, December 4, news hit the wires of President-elect Donald Trump nominating former SEC Commissioner Paul Atkins as the next SEC Chair. Atkins will take office on January 20, 2025, coinciding with Chair Gary Gensler’s departure. This leadership shift signals a potential overhaul of crypto policy.
#CryptoNewss #TipAndGrow #binance