Cryptocurrencies Price Prediction: Bitcoin, Ripple & Tron — Asian Wrap 05 December
|Bitcoin soars past $100K as Trump nominates pro-crypto Atkin as next SEC chair
Bitcoin’s (BTC) price breaks its all-time high (ATH) of $99,588, surpassing its $100K milestone on Thursday after recovering from its recent pullback since last week. On Wednesday, announcing that Paul Atkins would replace Gary Gensler as Securities & Exchange Commission (SEC) Chair added fuel to BTC’s rally. BTC has entered price discovery mode, with analysts eyeing a target of $113,000.
Ripple's XRP may see a rebound after recent pullback; on-chain data suggests further upward potential
XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members. Amid a sharp decline in XRP's price, on-chain data shows the remittance-based token still has the potential to resume its rally.
Tron's TRX reaches new all-time high following increased on-chain activity and stablecoin volume
Tron's native token, TRX, saw massive gains on Wednesday, reaching a new all-time high of $0.43 as its monthly stablecoin transfer volume crossed $500 billion.
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