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WILL $XRP MADE IT TO $3 BEFORE 2025?
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Altcoin market updates: XRP, $BNB advance as traders bet on third consecutive Fed rate cut As the geopolitical crisis surrounding the fall of the Assad regime in Syria tapered off this week, dovish figures on the latest US CPI data raised investor optimism across the crypto market. Bitcoin price held firm above the $100,000 level, Ripple (XRP) cleared the $2.40 resistance, while resurgent trading activity saw Binance Coin (BNB) break past the $725 level on Friday.
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Ripple’s RLUSD Stablecoin Attracts Frenzy Bids for 800 XRP Ahead of Release Ripple’s upcoming RLUSD stablecoin is attracting bids upto 836 XRP on onchain marketplaces, despite being pegged to $1. Speculators often engage in high-priced transactions for small quantities of a new token or NFT as a digital collectible. RLUSD will go live on the XRP Ledger (XRP) on Tuesday. Ripple’s upcoming RLUSD stablecoin is attracting bids upto 836 XRP ($2068) on onchain marketplaces ahead of its Tuesday release, a sign of frenzy among enthusiasts who may want to be the first to hold the token. These bids range from 500 XRP ($1237) to as much as 836 XRP ($2068) as of Asian morning hours on Tuesday, CoinDesk viewed on the Xaman application. Each XRP exchanges hands for just under $2.5 #CryptoUsersHit18M #XRPGoal
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Crypto Daybook Americas: Bitcoin Tops $106K as New Accounting Rule Takes Effect today is when the FASB fair value accounting rule, which passed in 2023, takes effect, allowing companies to report their bitcoin holdings at fair market value instead of the purchase price. The change gives firms more control over how they classify these assets and may accelerate corporate adoption. Note, though, the new standard doesn’t apply to NFTs, wrapped tokens or internally generated digital assets. Alex Kuptsikevich, an analyst at The FXPro, said, quoting a JPMorgan report, that publicly traded companies have already begun implementing a MicroStrategy-like strategy to add BTC to their balance sheets. The rule change might also explain why BTC spiked above $106,000 in Asia, boosted further by President-elect Donald Trump's assurance to create a strategic BTC reserve and a short squeeze on Deribit.
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Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B HyperLiquid's ether perpetuals have done more volume this week than BTC. HyperLiquid's total perp volume since inception has surpassed the $500 billion mark. The HYPE token has surged over 300% in two weeks and now boasts a bigger market value than the likes of AAVe, RAY and JUP. Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity in ether (ETH) than bitcoin. The cumulative perpetuals volume on the platform has surged past $500 billion, registering a staggering 15-fold year-to-date rise, according to DefiLlama. #MarketNewHype #BTC☀ #etherreum
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