#MarketRebound As of December 24, 2024, here are the latest developments in the cryptocurrency market:

Market Movements:

XRP Price Increase: XRP's price has risen by 2.6% to $2.26. This uptick is attributed to optimism surrounding President-elect Donald Trump's anticipated pro-cryptocurrency policies, including the nomination of Paul Atkins, a supporter of digital token deregulation, to lead the Securities and Exchange Commission (SEC).

Bitcoin's Performance: Bitcoin's price has decreased by 1.3% to $94,063. Despite this dip, Bitcoin has more than doubled in value over the past year. Looking ahead to 2025, factors such as the incoming administration's crypto stance, interest rate policies, and growing U.S. government debt are expected to influence Bitcoin's trajectory.

Regulatory Developments:

Anticipated Executive Orders: The U.S. cryptocurrency industry is urging President-elect Trump to issue executive orders on his first day in office to promote mainstream crypto adoption. Proposed actions include creating a national Bitcoin reserve, ensuring banking access for crypto firms, and establishing a crypto council. The industry is optimistic due to the inclusion of crypto-friendly officials like SEC chair nominee Paul Atkins in Trump's team.

Industry Highlights:

Justin Sun's Ambitions: Justin Sun, founder of the Tron blockchain, continues to make headlines with significant investments and public stunts, including a $30 million investment in the Trump-backed crypto project World Liberty Financial. Despite facing a lawsuit from the SEC for alleged securities violations, Sun remains active in promoting cryptocurrency adoption and aims to be the "Elon Musk of the crypto world."

Fintech Developments: Revolut has expanded its services by licensing its human resources platform to over 300 firms and moving to Canary Wharf, symbolizing its growth and recent UK banking license approval. $BTC