The 11/30 update is below. This article was first published on November 29

Cryptocurrencies, including Bitcoin and Ripple’s XRP, spiked as bitcoin price rose again We’re within close to $100,000 after a sudden comeback this week.

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Bitcoin price rose rapidly this year due to the election of Donald Trump as US president.Fueling a giant $15 trillion bitcoin price claim.

Now, like this Elon Musk quietly confirms game changer in bitcoin and crypto marketBitcoin bulls are increasing their 2025 price forecasts after the election of Donald Trump triggered a regulatory “green light”.

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“U.S. institutional investors will become more exposed to crypto assets and the rest of the world will catch up,” Ed Hindi, chief investment officer of Switzerland-based crypto hedge fund Tyr Capital, said in an emailed comment. $250,000 in 2025.

“A Trump win is a massive regulatory green light that will expand both participation and position sizes in bitcoin, ethereum, and blue chip decentralized finance (DeFi) altcoins.”

Trump, who has pivoted to Bitcoin and crypto this year, promising to create a Bitcoin strategic reserve and loosen regulations that crypto companies complain are stifling the technology, is considering whether to replace outgoing chairman Gary of the U.S. Securities and Exchange Commission (SEC). Gensler with a pro-crypto regulator.

Ripple’s XRP is up 13% this week, with the XRP price up almost 200% since the US election in early November, as investors bet that Trump’s election as SEC chairman will mean an end to Ripple’s protracted legal battles.

11/30 update: Ripple’s XRP rises again after a leak reported with Fox Business It has been revealed that a top crypto regulator in New York is preparing to greenlight a new stablecoin issued by XRP developer Ripple.

The price of Ripple’s XRP rose another 20% in the last 24 hours, adding to massive gains of nearly 200% since October and pushing XRP up the crypto market rankings to become the fifth-largest cryptocurrency with a market cap of $108 billion . For comparison, Bitcoin’s market cap is just under $2 trillion.

Ripple’s XRP has languished in the recent Bitcoin price and crypto market bull run, failing to make major gains as a result of a long-running legal battle with the US Securities and Exchange Commission (SEC).

Anonymous sources told Fox Business It was stated that the New York Department of Financial Services is close to approving the RLUSD dollar-pegged stablecoin, and Ripple is targeting a launch date of December 4.

If approved, Ripple would be allowed to offer RLUSD to the public, making it a US-regulated alternative to Tether’s $130 billion USDT stablecoin that currently dominates the stablecoin market.

The runaway success of Tether’s USDT, which has seen the British Virgin Islands-based company behind it rake in billions of dollars every quarter, has sparked a digital gold rush, with internet payments giant PayPal also rushing in among the companies as rivals try to grab a piece of the market. their own stablecoins to launch

“Bitcoin price rebounded from $91,000 on Wednesday as pro-financial technology former SEC commissioner Paul Atkins is seen as the new SEC chairman under the second Trump administration,” said Yuya Hasegawa, bitcoin and crypto market analyst at Tokyo-based Bitbank. he said. The addition of the US Thanksgiving holiday could be a catalyst for Bitcoin price to rise above the closely watched $100,000 per Bitcoin level, emailed comments said.

“In the crypto market, there is also a market anomaly surrounding Thanksgiving. During a bull market, Bitcoin tends to experience losses around Thanksgiving, but the price begins to rise again a week or two later. This ‘Thanksgiving anomaly’ was observed during the bull run. Bitcoin “Having occurred in 2016 and 2020, Bitcoin experienced its fourth halving this April, so many market participants may believe that a drop around Thanksgiving could be a big opportunity.”

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However, Hindi and other bitcoin and crypto market watchers expect the recent volatility to continue in the next few weeks after the price of bitcoin and other smaller cryptocurrencies, including Ripple’s XRP, rose sharply through November.

“We expect both the bull run and volatility in Bitcoin to continue for the rest of the year,” Hindi said.

“The $75,000/$120,000 range would not be surprising. Corrections will likely be rapid as dip buying and profit-taking are in full force due to incredible levels of fomo. Trump Trade pushed bitcoin and stocks higher. We believe the early Santa rally has been overextended “And we anticipate that a profit will be made at the end of the year.”