A notable news item in the crypto world today is that XRP, the cryptocurrency linked to Ripple, has overtaken Tether (USDT) and has become the third-largest cryptocurrency by market capitalization. This is due to an increase of more than 70% in its price in the last week, reaching a high not seen since 2018. Regulatory optimism, especially in the US, has been a key factor in this rally.
In addition, trading volumes on cryptocurrency exchanges reached their highest point in three years during November, driven by regulatory developments and the expectation of favorable policies under the Donald Trump administration in the United States.
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