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Bitcoin (BTC) weekly outflows hit $13 million, whereas Ethereum (ETH) and Ripple (XRP) experience weekly inflows of $6 million and $2.6 million, respectively.
#bitcoin
#RippleNews
#Ethereum.
#crypto2023
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“20 Compelling Reasons Why XRP Could Soar: Expert Reveals Mega Bullish Outlook”
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The ongoing November 2024 U.S. elections have proven to be a turning point for the crypto industry, as pro-crypto candidates lead in Congress. This development has triggered optimism among crypto leaders, including Coinbase CEO Brian Armstrong. In a recent X post, Armstrong stressed the importance of the elections. At present, pro-crypto candidates are outperforming their opponents in Congress. Data from the crypto-focused political action committee (PAC) Stand With Crypto reveals that 238 candidates supporting crypto currently lead in the elections, with 224 in the House of Representatives and 14 in the Senate. In contrast, anti-crypto candidates hold a smaller share, with 115 leading positions, including 106 in the House and 9 in the Senate. Notably, these numbers suggest that crypto-friendly policies may soon gain more traction in Congress. Coinbase CEO Reacts Armstrong spotlighted these results, calling this Congress “America’s most pro-crypto” and highlighting the strong stance of American voters in favor of clear regulations for digital assets. He noted that voters across party lines showed strong support for the industry, indicating that both Republicans and Democrats increasingly recognize the potential of the crypto market. Armstrong also thanked supporters for rallying behind the crypto industry and highlighted his readiness to work with the new Congress on fostering clear, growth-oriented guidelines. Crypto enthusiasts see the forthcoming favorable Congress as an opportunity to curb years of enforcement actions and regulatory ambiguity that have hindered the sector’s development. The crypto market has responded positively to these developments, with Bitcoin reaching a new all-time high above the $75,000 earlier today amid the promising election results, primarily led by Donald Trump’s lead in the presidential race. #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewss
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"Bitcoin Breaks $75,000 Barrier – Investors Left Stunned by Record Surge!"
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"Elon Musk Sparks Dogecoin Frenzy! 11% Surge Adds $2.5B to Market Cap!"
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As uncertainty grips the crypto market, Bitcoin is witnessing an intense reduction in non-empty wallet addresses, which may signal a bullish turnaround. According to market analytics platform Santiment, there are now 211,540 fewer active Bitcoin addresses compared to three weeks ago. However, the analysis suggests that this trend may precede a price rebound for Bitcoin. #Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewss
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