Web3đFriday Buzz: Bitcoin Nears $100K, Solana Hits $250, XRP ETP Launch & Cardanoâs ADA Soars
1. Bitcoin edges closer to $100K, fueled by US crypto optimism.
2. Solana reaches $250, its highest in 3 years, amid SEC ETF progress.
3. WisdomTree debuts XRP ETP on major European exchanges.
4. Cardanoâs ADA jumps to $0.90 as whale holdings surpass $12B.
Stay tuned for more updates!đ
As we close out the week, the crypto world is buzzing with exciting developments that are shaping the future of blockchain and digital assets. From Bitcoin nearing a monumental milestone to Solana hitting a three-year high, the momentum is undeniable. Meanwhile, institutional moves like WisdomTreeâs latest XRP offering and Cardanoâs ADA rallying to new heights are giving the market plenty to talk about.Letâs break down todayâs top stories and see whatâs driving these trends!
1. Bitcoin edges closer to $100K, fueled by US crypto optimism.
Bitcoin is making a strong push toward the $100,000 mark, fueled by optimism over the potential for favorable US crypto regulations and President-elect Trump's newfound support for digital assets. The cryptocurrency recently hit a record high of $99,000, with the overall crypto market gaining approximately $1 trillion since Trump's election win. This surge has been driven by news of Trumpâs plans to ease the regulatory environment, including the expected departure of SEC Chair Gary Gensler in January. Additionally, Wall Streetâs growing interest in crypto is evident, with Charles Schwab announcing plans to offer crypto trading once regulatory clarity is established. Bitcoin ETFs have also seen massive inflows, further bolstering the market. Despite some skepticism about Bitcoinâs volatility and investment viability, its rise symbolizes a shift in the financial landscape, with Bitcoin becoming a magnet for momentum traders. The excitement continues to build, as Trumpâs policies are expected to shape the future of crypto in the US.
Bloomberg
2. Solana reaches $250, its highest in 3 years, amid SEC ETF progress.
Solanaâs SOL token surged to $250, its highest level since November 2021, driven by growing optimism around Solana ETF approvals. The SEC has engaged with Solana ETF issuers, including VanEck and 21Shares, as their S-1 registration forms move forward. This bullish momentum has SOL nearing its all-time high of $260, with potential to surpass it soon. Talks around Solana ETFs are gaining traction, and with the possibility of a pro-crypto administration under Donald Trump, expectations for approval by 2025 are high. This shift, combined with other crypto ETF filings, signals growing confidence in the sector. #Solana #Crypto #ETF
Vivian Nguyen
3. WisdomTree debuts XRP ETP on major European exchanges.
WisdomTree has launched its new Physical XRP Exchange-Traded Product (ETP) across major European exchanges, including Deutsche Börse, Xetra, and Euronext. This product provides investors with a secure and cost-efficient way to gain exposure to XRP, backed by the cryptocurrency itself and offering a low 0.50% management fee. Using a dual-custody model for safe storage, the XRP ETP is available in countries like Germany, France, Spain, and the UK. Despite ongoing legal challenges for XRP, interest in regulated cryptocurrency investment products is rising, with other firms also filing for XRP-focused ETFs.
Ronak Kumar
4. Cardanoâs ADA jumps to $0.90 as whale holdings surpass $12B.
Cardanoâs ADA token has surged 10% in the last 24 hours, reaching 90 cents, marking its highest price since May 2022. This rally has boosted ADAâs market cap to $30.85 billion, making it the 10th-largest crypto. The token has gained 152% this month, with a significant rise in large transactions, signaling growing institutional interest. Whales, or crypto addresses holding over $10M in ADA, now control over $12 billion of the token. The momentum is driven by heightened on-chain activity and potential crypto-friendly policies under the Trump administration, indicating the rally could have long-term staying power.
Omkar Godbole
From Bitcoin's climb toward six figures to Cardanoâs impressive resurgence, itâs clear that the crypto and blockchain space is brimming with potential and momentum. These milestones remind us that the world of digital assets isnât just evolvingâitâs redefining the future of finance, technology, and innovation. Stay tuned as we continue to bring you the latest updates, insights, and trends shaping the Web3 revolution. The next big headline could be just around the cornerâdonât miss it!
