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- Bitcoin ETFs Surge Past $100 Billion Amid Record-Breaking BTC Prices
Bitcoin ETFs Surge Past $100 Billion Amid Record-Breaking BTC Prices
News on the Blockchain
November 22, 2024
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@newsontheblockchain, November 22nd, 2024
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 762
Market Cap: $3.29T (+3.41%)
24h Volume: $243.34B (+19.54%)
Bitcoin Dominance: 59.38%
Ethereum Dominance: 12.33%
ETH Gas Price: 10.22 Gwei
Fear & Greed Index: 88/100 (Extreme Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $98,742.56 | +1.23% | $1.95T | $96.05B |
Ethereum (ETH) | $3,373.34 | +7.45% | $406.25B | $51.50B |
Tether (USDT) | $1.00 | +0.04% | $130.83B | $192.68B |
BNB (BNB) | $629.50 | +2.74% | $90.65B | $2.77B |
Solana (SOL) | $259.37 | +6.88% | $123.12B | $10.90B |
💹 Market Highlights:
Total DeFi Volume: $11.39B (4.68% of total 24h volume)
Stablecoins Volume: $219.83B (90.34% of total 24h volume)
Coin with Highest % Change: MAD ($0.00005954) +74.09%
🔥Heat Map:
📈 Preview On Today’s News:
- Bitcoin ETFs Surge Past $100 Billion Amid Record-Breaking BTC Prices
- Gary Gensler to Step Down as SEC Chairman Amid Cryptocurrency Tensions
- Trump’s Crypto Council to Establish U.S. Bitcoin Reserve Plan
Keep reading for more!
Today’s Important News:
1)
Bitcoin ETFs Surge Past $100 Billion Amid Record-Breaking BTC Prices
Bitcoin's Spot ETFs have officially surpassed $100 billion in assets, driven by Bitcoin's continued price surge, which reached an all-time high of $98,000 in late November 2024. This milestone comes after a series of record-breaking days for Bitcoin, with ETFs gaining momentum thanks to the asset's performance and political factors such as the US presidential election. The total value of 12 Bitcoin ETFs now exceeds $100.5 billion, with BlackRock's iShares Bitcoin Trust leading the pack with $45.4 billion in assets.
Bitcoin Spot ETFs have surpassed $100 billion in assets, fueled by Bitcoin's surge to new all-time highs.
BlackRock’s iShares Bitcoin Trust is the leading ETF, holding $45.4 billion in assets, followed by Grayscale’s GBTC with $20.6 billion.
2)
Gary Gensler to Step Down as SEC Chairman Amid Cryptocurrency Tensions
Gary Gensler has announced his resignation as Chairman of the U.S. Securities and Exchange Commission (SEC) after three years in the role, effective January 20, 2024. Gensler, appointed by President Joe Biden in 2021, was known for his strong opposition to the cryptocurrency industry, particularly through a regulation-by-enforcement approach. His departure comes as President-elect Donald Trump is set to assume office, with Gensler’s departure expected due to Trump’s dissatisfaction with his handling of crypto regulations.
Gary Gensler is stepping down as SEC Chairman after three years, with his resignation expected on January 20, 2024.
Gensler faced criticism for his aggressive stance on cryptocurrency regulation, particularly his legal battles with Ripple (XRP) and other firms.
3)
Trump’s Crypto Council to Establish U.S. Bitcoin Reserve Plan
Former President Donald Trump is assembling a crypto advisory council that will oversee digital asset policies and focus on creating the United States' first strategic Bitcoin reserve. The initiative has gained traction within the crypto industry, with notable figures like Coinbase CEO Brian Armstrong and Cardano developer Charles Hoskinson expressing support. The plan, which was highlighted by Senator Cynthia Lummis, aims to introduce a Bitcoin reserve within Trump’s first 100 days of returning to office. The council will work closely with agencies like the SEC and is expected to include key industry executives.
Donald Trump is forming a crypto advisory council to create the U.S.'s first strategic Bitcoin reserve.
Industry leaders, including Coinbase CEO Brian Armstrong, are supportive, and the council will collaborate with the SEC to shape digital asset policy.
