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Ethereum’s latest price increase comes as Bitcoin ($BTC) reaches record-breaking highs. On the same day, Bitcoin hit $107,822, surpassing its previous all-time high of $106,352, which was set just the day before. 

Over the past month, $XRP has skyrocketed by 352%. It is now trading at $2.28, up over 20% in just 24 hours and 70% in the past week. 

Bitcoin’s rally has been a significant factor in driving Tether’s demand. Its value has risen sharply in recent weeks, peaking at $99,600 on 22 November.

During his time as SEC Chair, starting in April 2021, Gensler took a tough stance on regulating cryptocurrencies. 

PayPal partners with Xoom to expand the use of its stablecoin, $PYUSD, for cross-border payments, targeting emerging markets in Asia and Africa for faster transactions.

Quantoz is launching EURQ & USDQ, the first MiCA-compliant stablecoins in Europe, backed by fiat reserves, Tether, Kraken, and Fabric Ventures. Secure & fast payments.

FTX claims that Binance, along with its former CEO Changpeng Zhao (known as "CZ"), acted fraudulently and hurt FTX's financial stability. 

Some analysts believe that the increase in supply could put further pressure on $XRP’s value, particularly as investors weigh the impact of these tokens entering the market.

Bitcoin’s dominance in the market has increased to 65%, a level last achieved during the bull run of 2021.

According to data from CoinDesk Indices, Bitcoin is now outperforming other large cryptocurrencies, including those in the CoinDesk 20 (CD20) index, which rose by 9.6% in the same period.