Bitcoin’s price jumped to $76,244 on 6 November, just as election results confirmed Trump’s victory. It has since settled around $74,000.
MicroStrategy has also introduced the “21/21 Plan”, which is an ambitious goal to raise $42 billion over the next three years, specifically to buy more Bitcoin.
The new development not only allows for instant deposits but also enables users to make fast withdrawals to their bank accounts if they have a Visa card.
Bitcoin’s technical indicators look promising, with its 50-day moving average recently crossing above its 200-day average, which is commonly seen as a positive signal for future growth.
The settlement with Bybit is part of a wider effort by FTX’s bankruptcy estate to recover funds and repay creditors.
Data from DeFiLlama shows that TVL on Solana jumped from under $250 million at the beginning of the year to more than $6.8 billion by 24 October.
At the core of Ripple’s argument is the legal definition of an “investment contract”. Under US securities law, if a transaction is classified as an investment contract, it can be regulated as a security.
Bitcoin’s dominance in the market has increased to 65%, a level last achieved during the bull run of 2021.
The SEC’s new appeal focuses on certain aspects of the case, particularly Ripple’s sales of $XRP on exchanges and the actions of Ripple’s top executives.
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.
