XRP News Today: Pro-Crypto SEC Chair Could Boost XRP to $1 as BTC Eyes $80k
Markets will now focus on the December interest rate decision, with investors divided on the chances of a further 25-basis point Fed rate cut. According to the CME FedWatch Tool, the probability of a 25-basis point December Fed rate cut was 67.8% on November 7, down from 69.9% on November 6.
US BTC-Spot ETF Inflows Boost BTC Demand
On Wednesday, November 6, the US BTC-spot ETF market reported net inflows of $621.9 million. Investors reacted to Trump’s presidential election victory and the prospects of BTC becoming a US strategic reserve. BTC demand from the US government and the US BTC-spot ETF market could significantly tilt the supply-demand balance in BTC’s favor.
On Thursday, November 7, investors continued reacting to the US…
