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Stellar (XLM) Eyes 60% Jump Following XRP’s Climb Toward $2 Milestone By: Yashu Gola Published: Nov 30, 2024, 07:20 GMT+00:00 Key Points: XLM is nearing a potential 60% rally, fueled by an ascending triangle breakout targeting $0.86. Stellar's 87% positive correlation with XRP strengthens its bullish outlook amid XRP’s strong November gains. XRP's rally, boosted by regulatory developments, could drive similar bullish sentiment for Stellar. Stellar (XLM) prices will likely jump 60% by December 2024 due to a prevailing bullish continuation indicator and its consistently positive correlation with XRP (XRP), a token associated with its blockchain payment rival, Ripple Labs.

Bitcoin rose on Thursday, extending an overnight rebound amid growing conviction that Donald Trump’s incoming administration will entail friendlier regulations for the crypto industry. Overnight gains saw Bitcoin move back towards the coveted $100,000 level, after the crypto failed to breach the level last week. Bitcoin had then logged steep losses as traders locked in recent profits, although the crypto was still trading up over 100% so far in 2024. Bitcoin rose 3.1% to $95,645.0 by 00:31 ET (05:31 GMT). Trump to shift crypto regulation to CFTC from SEC- Fox Trump’s administration wants to shift a bulk of crypto regulatory oversight to the Commodity Futures Trading Commission from the Securities and Exchange Commission, Fox Business reported on Wednesday. The CFTC oversees the U.S. derivatives market, and is seen as having less strict regulatory standards than the SEC. A shift in regulators marks some relief for the crypto industry, after the SEC embarked on a regulatory crusade against alleged bad actors in the industry over the past two years. Regular SEC enforcement had also rattled investor faith in the industry, sparking steep losses in crypto prices since 2022. XRP- whose issuer Ripple has been embroiled in a long-running lawsuit with the SEC- rallied more than 7% on Thursday. Trump eyes pro-crypto candidate for SEC Chair Veteran financial regulator Paul Atkins is among the top contenders to replace SEC Chair Gary Gensler from January, Bloomberg reported on Wednesday. Atkins, who was reportedly interviewed by Trump’s team, is a proponent of digital assets, and is expected to adopt a much friendlier approach to regulation than Gensler. Gensler, who said he will resign as Trump takes office next year, has been criticized by crypto proponents for regulating the industry through enforcement. Reports of Atkins’ consideration as SEC chair also came as Trump picked candidates with pro-crypto stances to head the Treasury and as the Secretary of Commerce. Trump’s Bitcoin strategic reserve has limited prospect- Compass Point But despite optimism over Trump’s administrative plans for crypto, Compass Point Research argued that the President-elect’s plans for a Bitcoin strategic reserve had limited scope. The Treasury was unlikely to approve more deficit-driven funding for the government to buy Bitcoin, while Congress- where the Republican party has a small majority- will also be unwilling to increase the U.S. fiscal deficit to purchase crypto. Compass Point also called the BITCOIN Act, proposed by Senator Cynthia Lummis- a “nonstarter.” Crypto price today: altcoins track Bitcoin rally Broader cryptocurrency prices advanced in tandem with Bitcoin on Thursday. World no.2 crypto Ether jumped 5.1% to $3,572.13. Solana rose 4.2%, Cardano added 5.2% while Polygon rose 4%. Among meme tokens, Dogecoin rose 4.3%.

Bitcoin rose on Thursday, extending an overnight rebound amid growing conviction that Donald Trump’s incoming administration will entail friendlier regulations for the crypto industry. Overnight gains saw Bitcoin move back towards the coveted $100,000 level, after the crypto failed to breach the level last week. Bitcoin had then logged steep losses as traders locked in recent profits, although the crypto was still trading up over 100% so far in 2024. Bitcoin rose 3.1% to $95,645.0 by 00:31 ET (05:31 GMT). Trump to shift crypto regulation to CFTC from SEC- Fox Trump’s administration wants to shift a bulk of crypto regulatory oversight to the Commodity Futures Trading Commission from the Securities and Exchange Commission, Fox Business reported on Wednesday. The CFTC oversees the U.S. derivatives market, and is seen as having less strict regulatory standards than the SEC. A shift in regulators marks some relief for the crypto industry, after the SEC embarked on a regulatory crusade against alleged bad actors in the industry over the past two years. Regular SEC enforcement had also rattled investor faith in the industry, sparking steep losses in crypto prices since 2022. XRP- whose issuer Ripple has been embroiled in a long-running lawsuit with the SEC- rallied more than 7% on Thursday. Trump eyes pro-crypto candidate for SEC Chair Veteran financial regulator Paul Atkins is among the top contenders to replace SEC Chair Gary Gensler from January, Bloomberg reported on Wednesday. Atkins, who was reportedly interviewed by Trump’s team, is a proponent of digital assets, and is expected to adopt a much friendlier approach to regulation than Gensler. Gensler, who said he will resign as Trump takes office next year, has been criticized by crypto proponents for regulating the industry through enforcement. Reports of Atkins’ consideration as SEC chair also came as Trump picked candidates with pro-crypto stances to head the Treasury and as the Secretary of Commerce. Trump’s Bitcoin strategic reserve has limited prospect- Compass Point But despite optimism over Trump’s administrative plans for crypto, Compass Point Research argued that the President-elect’s plans for a Bitcoin strategic reserve had limited scope. The Treasury was unlikely to approve more deficit-driven funding for the government to buy Bitcoin, while Congress- where the Republican party has a small majority- will also be unwilling to increase the U.S. fiscal deficit to purchase crypto. Compass Point also called the BITCOIN Act, proposed by Senator Cynthia Lummis- a “nonstarter.” Crypto price today: altcoins track Bitcoin rally Broader cryptocurrency prices advanced in tandem with Bitcoin on Thursday. World no.2 crypto Ether jumped 5.1% to $3,572.13. Solana rose 4.2%, Cardano added 5.2% while Polygon rose 4%. Among meme tokens, Dogecoin rose 4.3%.

Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation Cryptos | 11/22/2024 23:08:38 GMT Dogecoin price bounced 13% higher to reclaim territory above $0.40 on Friday, snapping a weeklong consolidation phase. DOGE traders deployed $355 million on leveraged long positions following Gary Gensler’s exit confirmation. DOGE price trading 3% above its Volume Weighted Average Price (VWAP) suggests another breakout could follow. Dogecoin price crossed $0.40 on Friday, after a weeklong consolidation that saw DOGE tumble 13% from last week’s peak. Derivative market reports link the DOGE rally to Gary Gensler’s imminent exit. Dogecoin reclaims $0.40 as markets react to Gensler’s exit Elon Musk’s involvement in the proposed Department of Government Efficiency (D.O.G.E) under the incoming Trump administration drove Dogecoin price to a three-year peak on November 12. But since then, DOGE slipped into a 10-day long consolidation phase as traders began taking profits. we The chart above depicts how DOGE price surged 185% between November 5 and November 12, before succumbing to a 13% dip in the subsequent ten days. When DOGE price opened trading at $0.38 on November 21, it reflected a 13% dip from the three-year peak of $0.44 recorded when Trump confirmed the D.O.G.E. formation on November 12.  However, on Thursday, news reports revealed that the head of the US Securities & Exchange Commission (SEC), Chair Gary Gensler, is set to step down from his position on January 20. Crypto enthusiasts reacted to the news positively as it signals an end to a controversial regime fraught by intense scrutiny and litigation against several crypto firms and high-profile personalities.  Within 24 hours of the announcement, the global crypto market rose to new all-time highs above $3.25 trillion, lifting top ranked coins including Dogecoin, XRP and Cardano into double-digit gains. At the time of writing on November 22, DOGE price has moved above the $0.42 level, signaling 13% gains in the last 24 hours.  $DOGE

Bitcoin price briefly tops $69,000 for new all-time high Getty Images Stock illustration of BitcoinGetty Images The price of the world's largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than $69,000. It surpassed the previous record set in November 2021 - though by 2022 Bitcoin's value had sunk to $16,500. The new surge in price has been spurred by US finance giants pouring billions into buying bitcoins. The cryptocurrency rose to around $69,200 shortly after 15:00 GMT on Tuesday, before falling back. It was trading around $62,185 by 21:00 GMT. Bitcoin's value has spiked by more than 50% over the last month, according to cryptocurrency market data platform CoinMarketCap. Carol Alexander, professor of finance at Sussex University, said its price could go higher than its new record but warned that crypto was "notoriously volatile." "Too often in the past the price crash was timed so that ordinary investors buying Bitcoin during the bubble are the ones who lose out," she told the BBC. The new record represents another dramatic moment in Bitcoin's turbulent history. It was invented in 2009 by a person or persons calling themselves Satoshi Nakamoto - their true identity remains a mystery. Conceived as a means to create money for the internet, its roots lay in an anti-establishment ethos encouraging people to live free from the existing power structure of financial institutions and governments.