The crypto market is buzzing with excitement as Bitcoin (BTC) edges closer to the $100,000 milestone, gaining over 2% in the past day. While major altcoins like Cardano (ADA) and Solana (SOL) have posted impressive double-digit growth, XRP has taken center stage with an extraordinary rally.
Ripple’s XRP has soared beyond $1.40, marking its highest value in three years and briefly pushing its market cap above $80 billion. This surge is tied to speculation surrounding the upcoming resignation of SEC Chairman Gary Gensler, expected in early 2025. Known for his aggressive approach to crypto enforcement, Gensler’s departure has sparked hopes of a more supportive regulatory landscape. Although nothing is confirmed, many believe new leadership could usher in policies that favor innovation, potentially driving XRP even higher.
In parallel, the Shiba Inu (SHIB) community faces new warnings about fraudulent tokens. Scammers are exploiting the names SHI and TREAT in attempts to deceive users through fake projects. The team clarified that these tokens have not been officially released and urged vigilance against such tactics. As one of the most loyal communities in the crypto space, Shiba Inu users remain a prime target for bad actors, but the project team is actively working to safeguard them through awareness campaigns.
Bitcoin, meanwhile, continues its upward momentum, with a monthly gain of nearly 50% as it approaches the iconic $100,000 level. Optimism has surged further following Donald Trump’s election, as his pro-crypto stance and hints at establishing a national Bitcoin reserve have added fresh fuel to the market. With analysts projecting even higher potential highs, Bitcoin’s path to new records seems firmly within reach.