If you’re a fan of sci-fi movies, you might remember in The Matrix when Morpheus offers Neo the red pill to uncover hidden truths. Accepting that pill is similar to diving into the world of cryptocurrencies: once you understand their potential, there’s no turning back.
In the meantime, what’s been happening in the crypto world this week? 👇
Bitcoin Hits Record Highs in USD and EUR
On December 17, Bitcoin reached a new all-time high of $108,268.45, driven by Donald Trump’s announced plans to create a national Bitcoin reserve.
The interest rate cut announced by the FED and its pessimistic forecast regarding further cuts in 2025 and 2026 caused the price to plummet to $96,000 and reduced Bitcoin’s market cap by 5%.
Meanwhile, more nations and states are considering Bitcoin as a strategic reserve. This week, Alabama announced it is exploring the idea of establishing a state Bitcoin reserve.
Bitcoin also surpassed the magical €100,000 mark. What about you? What will you do before Trump takes office and fulfills what the crypto community has been waiting for?
Additionally, MicroStrategy, the world’s largest Bitcoin holder, joined the Nasdaq 100, ranking 40th and reinforcing its Bitcoin-focused strategy.
Under Michael Saylor’s leadership, the company has accumulated 423,650 Bitcoins, worth approximately $45 billion. The supply in the market is shrinking fast.
HyperLiquid and Its HYPE Token Hit ATH
Speaking of potential, we must highlight the HyperLiquid protocol, which reached a significant milestone by surpassing $500 billion in cumulative volume and an increase in ETH transactions, now outpacing BTC transactions.
HyperLiquid launched its HYPE token on November 29, and its price skyrocketed by 500% in just three days, climbing from $2 to $9.8. It’s now hovering around $25.
Ripple Launches Its Own Stablecoin
Lastly, Ripple joined the party this week by officially launching its stablecoin RLUSD, which will operate on the XRP Ledger and Ethereum, offering greater interoperability and scalability for DeFi applications. In response, XRP’s price experienced a significant increase this week.
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