Proactive’s Billy Farrington joined Stephen Gunnion for the weekly Crypto Roundup, offering insights into the latest market developments. Bitcoin began the week with a sharp dip, dropping 5% on Monday. However, a midweek rebound saw Bitcoin stabilise at $97,200—just shy of its recent all-time high. Farrington explained, “The Trump trade sugar rush has tapered off,” highlighting that ETF inflows have slowed and retail investor interest appears to have cooled.
Looking ahead, Farrington noted that while Bitcoin’s historical performance in December has been strong, reaching the $100,000 milestone may face challenges due to profit-taking and market resistance.
Ripple has been another standout performer, tripling its value in just a month. Farrington attributed this surge to regulatory developments, including SEC Chairman Gary Gensler’s resignation, which signals a potentially friendlier regulatory environment for crypto under the incoming administration.
Ripple’s market capitalisation now stands at $96 billion, making it the fifth-largest cryptocurrency.