XRP News Today: " Crypto Market's $1.1 Trillion Drop Reveals Unseen Reliance on the Fed "
- Major cryptos lost $1.1T in late November as Fed rate-cut hopes faded and $1B in liquidations hit the market. - XRP dropped 15% to $2.17 amid ETF-driven volatility, with whales dumping 200M tokens post-launch. - Nvidia's $57B Q3 earnings briefly stabilized crypto, but Ethereum/XRP still fell over 13% weekly. - SEC reduced enforcement by 30% under new chair, while Brazil classified stablecoins as forex operations. - Market jitters persisted despite short-term rebounds, with crypto infrastructure deals hig
Bitcoin,
Expectations for rate cuts diminished further after the Bureau of Labor Statistics postponed its October employment data due to a government shutdown,
Nvidia’s impressive third-quarter results, with $57 billion in revenue and $31.9 billion in profit, temporarily steadied both crypto and tech shares. The company’s optimistic Q4 forecast helped ease concerns about an AI-fueled market bubble,
Regulatory shifts also played a significant role.
Bitget’s
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