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- 🚨 Can Bitcoin Save America? Senator Lummis Thinks So!
🚨 Can Bitcoin Save America? Senator Lummis Thinks So!
CoinGape Media
November 22, 2024
News
Chris Giancarlo, often referred to as ‘Crypto Dad,’ is the most likely candidate for a new position of the crypto czar in Donald Trump’s White House. The possible nomination indicates a coordinated process to develop crypto legislation and encourage blockchain development in the United States of America.
In a recent interview, Senator Cynthia Lummis said that accumulating more Bitcoin could help cut the US Debt by half in 20 years, sparking market optimism. Notably, Lummis has been a vocal supporter of BTC, which has gained significant attention from the crypto market participants lately. Having said that, the Senator has also lauded the long-term potential of the flagship crypto, amid BTC hitting new ATH, creating new records every day.
Operating within the memecoin sector, Pepe Unchained utilizes Layer 2 blockchain solutions to improve efficiency and utility. By focusing on scalability and faster transaction processing, this approach aims to mitigate the congestion and delays often experienced during high-traffic periods in blockchain networks.
Markets
Crypto prices today maintain an upward trend, reflecting strong market momentum. Bitcoin (BTC) hit a record $99,000, marking a significant milestone. Ethereum (ETH) and Solana (SOL) surged 9% and 12%, respectively, while XRP soared 25%. The global crypto market cap rose 6% to $3.26 trillion, with 24-hour trading volume spiking 41% to $251 billion.
Bitcoin price today is up 2.98% today and currently auctions around $98,560.0. Since the breakout from the seven-month consolidation and the $75k hurdle, the crypto market outlook has turned bullish. While a few altcoins shoot higher, the alt season is yet to begin.
After crashing 11% in the past three days, Ethereum price today is up 1.89% and trades at $3,042. As of November 16, there are promising signs that the value of ETH could continue heading higher and tag key resistance levels.