XRP Leads New Wave of Altcoins, Bitcoin Hits $100,000

In the past 24 hours, the cryptocurrency market has experienced turmoil and opportunity. Bitcoin (BTC) has surpassed a daily increase of 2%, approaching the historic $100,000 mark. Altcoins have also performed remarkably well, with Cardano (ADA) and Solana (SOL) recording double-digit growth, but XRP is undoubtedly the star of the market.

Ripple's native token XRP has surged to over $1.40, the highest point in three years, with its market capitalization briefly exceeding $80 billion. This surge is closely related to the news that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), will resign in early 2025. During Gensler's tenure, the SEC has launched several lawsuits against the cryptocurrency industry, the most notable being the legal battle with Ripple.

The community hopes that the new SEC Chairman will adopt a more friendly approach towards the crypto industry, thereby reducing the blow to innovation. If the successor's policies are more open, XRP may see further growth. However, no official statement has been released, and the market will closely monitor future regulatory trends.

Meanwhile, the Shiba Inu (SHIB) team has once again reminded users to be cautious of scams. Scammers are promoting fake tokens, including SHI and TREAT, in fraudulent groups using the names of project developers. The team emphasizes that these tokens have not officially launched, and users should remain vigilant to avoid being deceived.

The Shiba Inu ecosystem is known for its strong loyal community, but this has also made its users targets for scammers. The official team continues to work to protect the community's safety through warnings and education.

Bitcoin: Heading Towards $100,000

As the market leader, Bitcoin's monthly increase is nearing 50%, and it is currently challenging the psychological barrier of $100,000. After Donald Trump was elected the 47th President of the United States, he promised to promote the development of the cryptocurrency industry, even hinting at establishing a national BTC reserve, and these positive news have further boosted Bitcoin's market performance.

Market analysts are optimistic about Bitcoin's future. Some predictions suggest that Bitcoin could break through highs of $170,000 to $300,000, but it may experience a consolidation phase before that. Regardless, the current market atmosphere paves the way for Bitcoin's long-term growth.

Stay tuned, and claim your wealth code.