XRP Leads November Rally, Stellar Breaks Growth Records

November 2024 was an exceptionally successful month for alternative cryptocurrencies, with XRP posting an impressive 281.7% gain, reaching its highest since January 2018. The top three also included Verge, up 96.9%, and Dash, which increased its value by 79.1%.

Amid the overall market rally, Stellar stood out in particular, with its native token XLM posting a phenomenal growth of over 470%, becoming the most successful economic project of the month. In the memecoin segment, the bush led the way with a stunning 127,300% growth, while in the NFT token category, AI Arena took over, adding 346.7%. Classic altcoins also showed Western growth: Nano (+75.4%), ZCash (+61.4%), Bitcoin Gold (+57.5%), PIVX (+52.2%), Litecoin (+48.6%), Decred (+46.5%) and Bitcoin Cash (+46.2%).

 

MicroStrategy added 15,400 BTC worth $1.5 billion to its Bitcoin portfolio.

MicroStrategy announced the production of 15,400 BTC worth $1.5 billion for $95,976 between November 25 and December 1, 2024.

As of December 1, 2024, MicroStrategy controls 402,100 BTC, which is fixed at approximately $38.6 billion with a contract price of $96,000, the average acquisition cost of 1 BTC for the firm is $58,263. The total value of the company's blockchain assets at the purchase price is $23. ,4 billion.

MicroStrategy founder Michael Saylor added that the company's profitability from the first cryptocurrency from October 1 to December 1, 2024, increased by 38.7%, since the beginning of the year - 63.3%.

 

Cryptocurrency collapse in South Korea after the announcement of martial law

The announcement of the situation caused respect among citizens, as well as a sharp drop in prices on most cryptocurrencies Upbit, Bithumb and Coinone - the most popular crypto exchanges in the country. Bitcoin on Upbit fell by about 12 percent. At one point, the price of the stablecoin Tether USDT dropped to 1,200 South Korean won, which is approximately 84 cents.

Double-digit declines were also recorded for most altcoins, including Ripple's XRP, Shiba Inu, and Dogecoin. The Upbit market index, which measures the performance of the 30 largest tokens by market cap on the exchange, fell 13.28 percent over the past day.

The Upbit mobile trading app is currently unavailable, likely due to a surge in traffic.

 

Donald Trump officially picks Paul Atkins as his nominee to head the SEC

Newly elected US President Donald Trump has nominated Paul Atkins as the next US Securities and Exchange Commission (SEC) chairman. He announced this on his Truth Social network on December 4, 2024.

The president noted that Atkins supports innovation and related markets, and also noted that the latter has experience in the field of digital assets. Amid news of Atkins' nomination, the SEC chairman hit a record price of $104,088.

 

Bitcoin hits $100,000 for the first time and surpasses an all-time high of $104,000

Bitcoin (BTC) made history by breaking the $100,000 mark for the first time since its inception and setting a new all-time high of $104,000. Notably, it only needed a 7% increase on the 24-hour price chart to achieve this goal. At the same time, daily trading volume remains significantly high.

 

TRX has updated its all-time high and entered the top 10 largest crypto assets.

TRON's native token, TRX, updated its all-time high (ATH) at $0.45 on the night of December 4, 2024. As a result of this jump, the asset entered the top 10 largest cryptocurrencies by capitalization.

TradingView said the coin's rate rolled back on the morning of December 4.

Against the backdrop of the update, the ATH coin entered the top 10 largest crypto assets, displacing Avalanche (AVAX). At the time of writing, TRX's capitalization is $33.5 billion. Over the past 24 hours, it has grown by more than 67%.