BTC/USD: Bitcoin Pumps 5% as Christmas Eve Brings Gains to Crypto Traders

Orange coin got in the Christmas spirit on the eve before the holiday as it gushed out some nice gifts of gains to joyous traders.

• Bitcoin prices BTCUSD reversed a three-day drop on Christmas Eve as joyous traders pushed the orange coin up by more than 5%. The OG token jumped to $99,000 from a session low of $93,000 a piece, sparking talks of a Santa rally as the year-end approaches. With just about a week to go before we wrap up with the stomach-churning moves this year, Bitcoin boasts a magnificent mouth-watering annual gain of 123%.
• What’s even more exciting is the prospects for growth of the crypto industry under new old President Donald Trump. He’s already assembled a team of billionaires and entrepreneurs who will oversee the space and help it expand the broad interest and acquire new institutional investors. Presently, just two tokens in a sea of thousands have gotten their own spot on Wall Street through spot exchange-traded funds — eleven Bitcoin ETFs and nine Ethereum ETFs.
• Other tokens are also gunning for their big-time reveal before the world — Solana SOLUSD, XRP (XRP/USD) and the lesser-known RSR (RSR/USD) are rumored to get their own exchange-traded funds next year as the Securities and Exchange Commission moves under a new crypto-friendly boss. Paul Atkins, a crypto bro, is expected to succeed the current SEC Chair Gary Gensler and introduce sweeping deregulations to the crypto space.