"Bitcoin is inching closer to the $100,000 mark, though its momentum has slowed. It clinched another record on Thursday at $99,500, dipping below $99,000 heading into the U.S. open."
"Still, there's a possibility of BTC rallying to $115,000 by Christmas, supported by broadening stablecoin supply, inflows into ETFs and bullish options positioning on BlackRock's spot BTC ETF (IBIT)."
"XRP led the rally, gaining 33% in 24 hours and Cardano's ADA rose over 15%. Solana's native token (SOL) hit an all-time high above $260."
"Financial service giant Charles Schwab wants to directly offer crypto to users, a sign that U.S. institutions are increasingly emboldened by an expected regulatory sea-change."
Bitcoin is nearing the $100,000 threshold but shows reduced momentum, hitting a record of $99,500 before experiencing a slight dip. The CoinDesk 20 Index has seen a 7% increase, with alternative cryptocurrencies outperforming Bitcoin, indicating capital rotation into altcoins. XRP and Cardano have made notable gains, with XRP up 33% and Cardano's ADA rising over 15%. Industry predictions suggest Bitcoin could reach $115,000 by Christmas, driven by stablecoin supply increases and ETF inflows, as regulatory changes seem imminent with a leadership shift at the SEC.
Read at CoinDesk
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