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The Trump Effect: A Surge of Funds into Bitcoin and Ether ETFs $BTC $XRP The cryptocurrency market has reignited following Donald Trump’s election as U.S. President, fueled by campaign promises favoring crypto-friendly regulations and the removal of barriers in the digital asset industry. Significant inflows have been recorded in exchange-traded funds (ETFs) based on Bitcoin and Ether, marking unprecedented demand. Key Drivers of ETF Growth 1. Trump’s Campaign Promises Trump has pledged to: - Establish a government Bitcoin reserve. - Ensure all future Bitcoin mining is conducted within the U.S. - Replace SEC Chair Gary Gensler, viewed as a regulatory obstacle for cryptocurrencies. These promises sharply contrast with the policies of the previous Biden administration, which took a more cautious approach toward digital assets. 2. Record-Breaking Fund Inflows - Bitcoin ETFs recorded a net inflow of $6.5 billion in November 2024 (~IDR 102.3 trillion). - Ether ETFs saw net inflows of $1.1 billion (~IDR 17.49 trillion), with nine Ether ETFs achieving record demand, particularly from issuers like BlackRock Inc. and Fidelity Investments. 3. Crypto Market Rally - Bitcoin approached the $100,000 milestone, last trading at $96,675 as of Monday, December 2, 2024. - Ether surged to $3,675, a 9.4% week-on-week increase, although still shy of new all-time highs. - XRP experienced a parabolic rise amid speculation that Trump would repeal SEC actions that have previously weighed on Ripple. Impact on the Market Since Trump’s election, the crypto market has added $1.2 trillion in value, according to CoinGecko data. This rally has overshadowed memories of the painful crashes and scandals that marked the 2021 crypto boom. #btc #xrp
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$XRP Analysis and Bullish Factors: 1. Project Fundamentals: XRP is backed by Ripple, which focuses on cross-border payment solutions for financial institutions. The adoption of RippleNet by global banks and companies is a key bullish driver. 2. Regulatory Clarity: Positive outcomes in the legal battle between Ripple and the SEC have boosted investor confidence in XRP's legitimacy. 3. Strategic Partnerships: Ripple continues to secure partnerships with central banks and financial institutions, leveraging XRP for On-Demand Liquidity (ODL) solutions. 4. Global Transaction Volume: Increased adoption in international payments, especially in emerging markets, highlights XRP's practical utility. 5. Blockchain Technology Trends: With its focus on transaction speed and low fees, XRP remains competitive compared to other blockchain projects. Bullish Outlook: If Ripple expands its use cases in global payment solutions and achieves further regulatory clarity, XRP has the potential for significant bullish momentum. #xrp #XRPTrends #XRPGoal
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Great!
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XRP, BTC, SHIBA, SOLANA, VTHO, BTTC Believe in yourself, hold onto all your coins, as they will soar even higher. Recent news reveals that interest rate cuts are expected by the end of December, and Jerome Powell faces potential dismissal under Donald Trump's leadership. However, Powell remains defiant, opposing Trump's stance, fueling ongoing tensions between them. Let me remind you: don’t regret it later. I’ve been saying this for the past seven years—many regretted not investing in Bitcoin back then. Don’t make the same mistake again. Hold all your coins; this is the nature of the market game. #cryptonews #trustedanalysis #BTC #xrp #bttc
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