Trump and cryptocurrencies: This week, Donald Trump announced two new nominations to promote the cryptocurrency industry. Teresa Goody Guillén is expected to replace Gary Gensler as SEC Chairman on January 20. These nominations, along with Trump’s meetings with executives, show Trump’s interest in supporting cryptocurrencies by planning to establish a “crypto czar” council for the White House. His commitment is evident in his clear nominations and plans to boost the crypto sector.

Bitcoin market: Bitcoin recorded a new ATH after the price surpassed 93,000 USD and peaked at 99,800 USD on November 22. Large fund inflows into ETF products have pushed Bitcoin’s price, predicting it will reach 100,000 USD in November. Institutional interest is growing, evidenced by actions from MicroStrategy and other companies. This interest is a strong driving force supporting Bitcoin’s price increase.

Other notable cryptocurrencies: Besides Bitcoin, XRP and Cardano also showed significant growth by surpassing the 1 USD mark. XRP increased 41% to 1.265 USD on November 16. Cardano also rose beyond 1 USD for the first time since April 2022. This positive sign indicates recovery and growth potential for these altcoins after a prolonged period of price decrease.