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Bitcoin (BTC) Makes Final Push to $100,000 Bitcoin (BTC), the world’s leading cryptocurrency, appears to have initiated a final push for the historic $100,000 level. Data shows that the BTC price has reclaimed $97,476.16, representing a 2.05% increase in the last 24 hours. Bitcoin and month of strong performance This price level follows Bitcoin’s rebound from a low of $94,729 in earlier trading. As November’s market activity looks set to close in less than 48 hours, Bitcoin appears ready to retest the psychological $100,000 price mark. Interestingly, despite disappointing investors and traders because it has yet to climb past the anticipated $100,000, Bitcoin’s performance remains striking. CoinGlass data reveal that Bitcoin recorded staggering growth this November, or about a 37% rise. This is the fourth-best month for Bitcoin in terms of price performance since October 2021. This month’s performance is surpassed only by 44% growth in February 2024 and 40% in January 2023 and October 2021. This month’s performance is linked to various macroeconomic factors, including rate cuts. Meanwhile, the expiration of Bitcoin’s options contracts worth $9.4 billion has also nudged the coin up a bit in the market. However, Bitcoin market volume has dropped considerably by 34.48% to $47.10 billion. This metric signals investors have remained cautious about the coin’s ability to cross $100,000 this cycle. Could institutional interest unlock 100K?Despite these concerns, analysts believe any shift in market forces could tilt BTC over this historic level that has resisted Bitcoin’s push for a couple of weeks. For instance, there is a growing rekindling of interest from institutional players. Although institutional enthusiasm for Bitcoin appears to have suffered a decline, renewed interest could act as a catalyst to fuel price action. Spot Bitcoin ETF products are now accessible to investors in the U.S. and other regions. #bitcoin100k #BTC #Bullrun #cryptomarket #CryptoNews

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Bitcoin (BTC) Makes Final Push to $100,000

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Ripple’s Stablecoin Near Approval, Launch Countdown Underway Ripple’s stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar. Ripple’s Game-Changing Stablecoin RLUSD Awaits Final Nod by Regulator Ripple is reportedly close to securing approval for its regulated stablecoin, RLUSD, from the New York Department of Financial Services (NYDFS), according to sources cited by Fox Business. If granted, the approval will enable Ripple to launch its stablecoin on Dec. 4, marking its entry into New York’s tightly regulated crypto market. This move would position Ripple as a competitor to established stablecoin issuers such as Circle, Paxos, and Gemini. The crypto firm announced in April its plan to launch a stablecoin pegged to the U.S. dollar at a 1:1 ratio. According to the company, RLUSD will be fully backed by U.S. dollar deposits, short-term U.S. government treasuries, and other cash equivalents. Initially, the stablecoin will be available on the XRP Ledger (XRPL) and Ethereum blockchains, with future expansion to additional blockchains and decentralized finance (defi) protocols and applications. RLUSD will provide Ripple with an alternative to the XRP token, which is entangled in legal battles with the U.S. Securities and Exchange Commission (SEC). The SEC claims XRP is an unregistered security, a case that has dragged on since 2020 and continues to impact XRP’s price and market cap. Stablecoins, by contrast, are tied to assets with stable value, making them popular for payments and remittances. Ripple’s entry into the $199 billion stablecoin market aligns with projections of regulatory growth under the incoming Trump administration, which is expected to focus on federal-level stablecoin legislation. According to the news outlet, Ripple intends to partner with platforms like Moonpay and Bitstamp for the stablecoin’s launch. Keith Grossman of Moonpay praised Ripple’s move, #Ripple #XRP #Cryptocurency #bitcoin100k #CryptoNews

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Ripple’s Stablecoin Near Approval, Launch Countdown Underway

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Robert Kiyosaki Says FOMO Is Good As Bitcoin Price Nears $100,000 Mark Robert Kiyosaki, author of Rich Dad Poor Dad, has sparked discussion about Bitcoin’s potential to reach new heights. In a recent post, he stated that FOMO (Fear of Missing Out) could benefit investors as Bitcoin price approaches the $100,000 mark. Kiyosaki, a strong advocate for alternative assets like gold, silver, and Bitcoin, warned that holders of traditional fiat currencies risk missing out. He believes that as BTC nears the $100,000 milestone, only the ultra-wealthy will be able to afford significant holdings. Robert Kiyosaki Warns: FOMO is Key as Bitcoin Nears $100,000 In a recent tweet, Robert Kiyosaki highlighted his view that Bitcoin will soon surpass the $100,000 mark. He emphasized that once BTC hits this price point, it will become increasingly difficult for the middle class to invest in significant amounts. Kiyosaki argued that those holding traditional fiat currencies like the dollar, euro, or yen will lose out as Bitcoin becomes more accessible only to the ultra-wealthy. Robert Kiyosaki has long been a critic of fiat currencies and advocates for alternatives like Bitcoin, gold, and silver. He has been consistent in his stance that Bitcoin offers an opportunity to protect wealth in a way that traditional currencies cannot. With Bitcoin price approaching new highs, Kiyosaki has advised those hesitant about Bitcoin to reconsider and embrace the “FOMO” mentality. He suggested that this fear of missing out could drive more investors toward the crypto, benefiting those who act early. The Rich Dad Poor Dad author emphasized, “The horse will be out of the barn and running. Why? Once Bitcoin breaks $100,000 only the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford Bitcoin of any consequence. FOMO is good. Don’t be left behind!” #bitcoin100k #BTC #cryptocurrency #cryptomarket #CryptoNews

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