Leak reveals December crypto bombshell as Bitcoin and Ripple’s XRP price suddenly skyrockets

Update from November 30th below. This post was originally published on November 29th

Bitcoin and cryptocurrencies, including Ripple’s

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The price of Bitcoin has skyrocketed this year, boosted by the election of Donald Trump as US President – leading to a huge $15 trillion bet on Bitcoin’s price.

Now, as Elon Musk quietly confirms he is a game-changer in the Bitcoin and crypto markets, Bitcoin bulls are increasing their 2025 price predictions after the election of Donald Trump triggered a regulatory “green light.”

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“U.S. institutional investors will deepen their exposure 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 emailed comments its Bitcoin price prediction for 2025 at $250,000.

“Trump’s victory 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 embraced bitcoin and cryptocurrencies this year, promising to create a strategic bitcoin reserve and ease regulations that cryptocurrency companies have complained is stifling the technology, is considering whether to replace the outgoing chairman of the U.S – US Securities and Exchange Commission (SEC), Gary, is set to replace Gensler with a pro-crypto regulator.

Ripple’s XRP is up 13% this week as traders bet that Trump’s pick for SEC chairman will mark an end to Ripple’s protracted legal battles, with the XRP price up nearly 200 since the US election in early November % has increased.

Update 11/30: Ripple’s XRP has risen again after a leak reported from Fox business revealed that a leading crypto regulator in New York is poised to greenlight a new stablecoin issued by XRP developer Ripple.

The price of Ripple’s For comparison: Bitcoin has a market capitalization of almost $2 trillion.

Ripple’s

Anonymous sources reported Fox business that the New York Department of Treasury is close to approving the so-called RLUSD dollar-pegged stablecoin and Ripple is targeting a launch date of December 4th.

If approved, Ripple will be allowed to offer RLUSD to the public, making it a compliant alternative to Tether’s $130 billion USDT stablecoin, which currently dominates the stablecoin market.

The runaway success of Tether’s USDT, which brings in billions of dollars for the British Virgin Islands-based company every quarter, has sparked a digital gold rush as rivals seek to capture a slice of the market, with internet payments giant PayPal among them chasing after them to market your own stablecoins.

“Bitcoin price rebounded from $91,000 on Wednesday as former SEC financial technology commissioner Paul Atkins was eyed as the new SEC chairman under the second Trump administration,” said Yuya Hasegawa, Bitcoin and crypto market analyst at Tokyo-based Bitbank In emailed comments, the addition of the Thanksgiving holiday in the U.S. could be a catalyst for Bitcoin price to rise above the closely watched mark of $100,000 per Bitcoin rises.

“In the crypto market, there is also a market anomaly around Thanksgiving. During a bull market, Bitcoin tends to suffer losses around Thanksgiving, but after a week or two the price begins to rise again. This “Thanksgiving anomaly” was observed during the bull market in 2016 and 2020, the years in which the Bitcoin halving occurred. Bitcoin experienced its fourth halving in April, so many market participants may believe that a decline around Thanksgiving is one could be a great opportunity.

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

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

“A range of $75,000/$120,000 would not be surprising. Corrections are likely to happen quickly as dip buying and profit-taking are in full swing, driven by incredible levels of fomo (fear of missing out). Trump trading has pushed Bitcoin and stocks higher.” Record highs We believe the early Santa Claus rally is overdone and expect profit-taking to end the year.