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The Pro-Crypto Leader Poised to Shape US Fiscal Policy
US Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott Bessent as the next Treasury Secretary Last month Trump nominated Bessent to succeed Janet Yellen as the 79th US Treasury Secretary
Lummis emphasized that his appointment could bolster her recently proposed legislation advocating for a Strategic Bitcoin Reserve This initiative formally known as the BITCOIN Act was unveiled in July and aims to establish a federal bitcoin reserve to fortify the US dollar and tackle the growing national debt The senator expressed her enthusiasm on the social media platform X on Friday
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$BTC $XRP $ETH
The Pro-Crypto Leader Poised to Shape US Fiscal Policy
US Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott Bessent as the next Treasury Secretary Last month Trump nominated Bessent to succeed Janet Yellen as the 79th US Treasury Secretary
Lummis emphasized that his appointment could bolster her recently proposed legislation advocating for a Strategic Bitcoin Reserve This initiative formally known as the BITCOIN Act was unveiled in July and aims to establish a federal bitcoin reserve to fortify the US dollar and tackle the growing national debt The senator expressed her enthusiasm on the social media platform X on Friday
#2024withBinance
#Write2Earn!
#bouncebit
$BTC $XRP $ETH
XRP Technical Analysis: Price Maintains Balance in Consolidation, Eyeing Critical Breakouts
As of Dec. 12, 2024, the XRP/USD market reflects a steady consolidation phase across several timeframes, with bulls and bears locked in a tug-of-war at pivotal levels.
$XRP
On Thursday, XRP’s daily chart paints a picture of an earlier uptrend tempered by recent consolidation. Prices climbed from $0.54 to a high near $2.91, encountering a ceiling at this level. A retreat to the $2.20–$2.40 support zone marks a period of stabilization. Should prices breach the $2.91 mark with significant trading volume, the bullish trajectory could resume. Conversely, a fall below $2.20 may hint at deeper corrections. While trading activity spiked during the rally, volumes have tapered off in the consolidation phase, mirroring traders’ indecision.
Zooming in on the 4-hour timeframe, XRP’s price oscillates between $2.20 and $2.65 after a sharp drop and subsequent recovery. The pattern of higher lows near $2.20 highlights support strength, while $2.65 continues to act as a formidable barrier. The muted trading volume during sideways action signals a lull in momentum, though heightened activity near $2.20 or $2.65 could offer some sort of direction.
#btcdemands101k
#2024withBinance
#Write2Earn!
#bouncebit
$XRP
On Thursday, XRP’s daily chart paints a picture of an earlier uptrend tempered by recent consolidation. Prices climbed from $0.54 to a high near $2.91, encountering a ceiling at this level. A retreat to the $2.20–$2.40 support zone marks a period of stabilization. Should prices breach the $2.91 mark with significant trading volume, the bullish trajectory could resume. Conversely, a fall below $2.20 may hint at deeper corrections. While trading activity spiked during the rally, volumes have tapered off in the consolidation phase, mirroring traders’ indecision.
Zooming in on the 4-hour timeframe, XRP’s price oscillates between $2.20 and $2.65 after a sharp drop and subsequent recovery. The pattern of higher lows near $2.20 highlights support strength, while $2.65 continues to act as a formidable barrier. The muted trading volume during sideways action signals a lull in momentum, though heightened activity near $2.20 or $2.65 could offer some sort of direction.
#btcdemands101k
#2024withBinance
#Write2Earn!
#bouncebit