Bitcoin reached a milestone in 2023 as it surpassed $38,000, according to CNBC Crypto World. This news highlights the growing popularity and value of the cryptocurrency.
According to CoinShares, crypto funds experienced the largest weekly inflow in 2023, with net inflows of $346 million in the week ending November 24. Bitcoin funds accounted for the majority of the inflows, bringing yearly net inflows to over $1.5 billion. Short BTC funds saw outflows for the third consecutive week, indicating short-sellers capitulating. Ether funds saw $34 million of net inflows, while Solana funds attracted the largest inflows among altcoins with a $3.5 million influx.
MasterCard may soon be integrated into the XRP wallet, according to Wietse Wind, the founder of XRPL Labs. He hinted at an upcoming update that will incorporate debit MasterCard functionality into the XRPL wallet. Wind also mentioned ongoing efforts to include debit card functionality with the Xumm wallet. However, some users have expressed concerns about additional fees associated with debit card transactions. Wind believes that establishing a separate financial infrastructure can be advantageous in the long run.
Binance's recent settlement is being hailed as a victory for the exchange and the cryptocurrency industry, according to Rich Rines, a contributor to Core DAO. The details of the settlement are not provided in the given information.
Standard Chartered Bank has reaffirmed its prediction that Bitcoin will reach $100,000 by the end of 2024. The bank's analysts believe that the approval of US-based spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving will drive institutional investment and limit supply, contributing to the price increase. Bitcoin's dominance in the digital assets market has also risen to 50%. There is a possibility that Bitcoin could reach $100,000 even before the end of 2023.
