Bitcoin hit 99,000, Ethereum rose strongly, Meme hype declined, and funds focused on mainstream oversold tokens.
It’s only a matter of time before Bitcoin hits $100,000
Bitcoin continued its recent upward trend, reaching $99,000 per coin, setting a new record high and is expected to challenge the milestone price of $100,000.
The entire cryptocurrency market has gained about $1 trillion since Trump won the Nov. 5 election.
Recent developments in the United States include the fact that Securities and Exchange Commission Chairman Gary Gensler plans to step down on January 20, the day Trump will be sworn in. During Gensler's tenure, the SEC has taken a series of cryptocurrency enforcement actions, which the industry expects to taper off after Trump takes office. Trump's transition team has begun discussing whether to create a new White House position specifically responsible for digital asset policy.
In addition, FTX expects the restructuring plan to take effect in early January 2025, and to start user compensation in March. FTX's compensation will bring huge liquidity to the market, which is a potential benefit at the end of the bull market, especially for altcoins.
Good news, stop cursing, brothers, Ethereum has stood up, a big green column has strongly broken through the range of this week's fluctuations and reached above 3300
Ethereum returns strongly, and L2 tracks move forward in parallel
As Bitcoin is about to hit $100,000, the long-dormant Ethereum also ushered in a strong rebound. In just three hours, the price of Ethereum rose by 7.5%, reaching a high of $3,429. Inspired by this, the Layer 2 (L2) track also kept pace, and L2 projects such as OP and Arbitrum rose one after another.
$APT
-The APT wealth effect has just begun. Circle will launch native USDC and CCTP on Aptos, and Stripe will also integrate Aptos. The Aptos blockchain is rising rapidly, providing a solid foundation for fast and secure stablecoin transactions and commercial applications.
-Aptos is becoming a dark horse in the global payment field. Its strong technology and application foundation, as well as the recognition of many institutions, have laid a solid foundation for its future development.
$XRP
- Strong market makers hold high control over the market. XRP remains strong due to positive progress in Ripple’s legal dispute with the U.S. Securities and Exchange Commission.
- The years-long case is coming to an end, with many predicting a positive outcome. Ripple’s likelihood of winning the legal battle has boosted market confidence, while XRP’s growing popularity in international payments has made it one of the most noteworthy altcoins.
$UNI
Uniswap is a decentralized trading platform known for supporting automated trading of tokens. Trump’s victory gave Uniswap a boost.
- Since the launch of the AMM mechanism, Uniswap has been regarded as a benchmark in the DeFi industry. From the launch of V3, V4 and UniswapX, it has shocked the market almost every time.
- Looking ahead, Uniswap has considerable growth potential.
