Bitcoin remains stable below $100,000, while XRP surges on speculation of SEC dropping case.

From Investing.com

December 2, 2024 01:14 AM:

Bitcoin stabilized below $100,000, while XRP surged on speculation of SEC dropping case. Bitcoin traded between $90,000 and $100,000, with optimism cooling. XRP rose 33% to $2.46, becoming third-largest crypto on market cap of $140.13 billion. Traders await clarity on Trump’s crypto policies and SEC leadership change.

XRP’s surge fueled by SEC speculation, as Chair Gensler to resign. XRP market cap at $140.13 billion, surpassing . Trump may choose pro-crypto SEC Chair, possibly shifting regulation to CFTC. Trump’s presidency seen as positive for crypto, with potential Bitcoin Strategic Reserve.

Altcoins trade rangebound as traders seek policy cues. 2nd largest crypto falls 0.5% to $3,667.0, while and A decline. rises 4.3%, as meme token increases 2%. Trump’s tariff threats on BRICS countries impact risk appetite in crypto market.

Read more at Investing.com: steady at $96k, XRP surges on regulatory hopes By Investing.com