Leak Reveals December Crypto Bombshell As Bitcoin And Ripple’s XRP Price Suddenly Soar
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The bitcoin price has rocketed this year, pushed on by the election of Donald Trump as U.S. president—fueling a huge $15 trillion bitcoin price bet.
Now, as Elon Musk quietly confirms a bitcoin and crypto market game-changer, bitcoin bulls are ramping up their 2025 price predictions after Donald Trump's election triggered a regulatory "green light."
Ripple's XRP has surged 13% this week as traders bet Trump's pick for SEC chair will mean an end to Ripple's drawn-out legal battles, with the XRP price soaring almost 200% since the U.S. election at the beginning of November.
Yuya Hasegawa, bitcoin and crypto market analyst at Tokyo-based Bitbank, said in emailed comments, adding the U.S. Thanksgiving holiday could be a catalyst for the bitcoin price to climb over the closely-watched $100,000 per bitcoin level.
"In the crypto market, there also is a market anomaly surrounding Thanksgiving. During a bull market, bitcoin tends to suffer losses around Thanksgiving, but the price restarts rallying after a week or two. This 'Thanksgiving anomaly' was observed during the bull run of 2016 and 2020, the years when bitcoin’s halving happened. Bitcoin went through its fourth halving this April, so a lot of market participants may be believing that a dip around Thanksgiving could be a huge opportunity
However, Hindi and other bitcoin and crypto market watchers expect the recent volatility to continue into the next few weeks after the bitcoin price and other smaller cryptocurrencies, including Ripple's XRP, have rocketed higher through November.
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