Important ripple (XRP) Developments, Bitcoin (BTC) Price Predictions and More: Bit Summary Yes
TL;DR
- Bitcoin rose as high as $49,000 in early January, then fell below $40,000. Experts are predicting a potential rise, some are predicting a spectacular new ATH.
- Ripple is engaged in an increasingly intense legal battle with the SEC, demanding critical financial documents. The hearing was postponed to April 23, 2024.
- Meme coin WIF recently saw a price increase after being listed on major cryptocurrency exchanges.
The primary cryptocurrency had a solid start to the year, rising to $49,000 on January 11 (one day after the US SEC approved several spot Bitcoin ETFs). However, it has since experienced a decline, briefly dropping below the $40,000 level and hovering around that level as of writing.
According to some experts, the negative trend may soon give way to another significant rise. Recently popular X (Twitter) user Ali argument “We still have 600 days of bullish momentum ahead of us” if BTC repeats historical patterns from the 2015-2018 and 2018-2022 bull runs.
Samson Mow (CEO of development studio Pixelmatic) also agreed, suggesting that many investors are waiting for a potential crash below $30,000 before they can buy BTC. He thinks these people will be “disappointed” because collapse is no longer possible.
Mow at the beginning of this year guess The price of the leading digital asset will sooner or later explode to a staggering $1 million. He also claimed that the potential surge could cause “maximum pain” for most people around the world due to not jumping on the BTC bandwagon in time.
For those who want to find out if Bitcoin is ready to surge towards an all-time high this year, feel free to check out our exclusive video below:
Ripple and the SEC
The legal struggle between the two parties has recently intensified with the influence of the SEC. insistent To deliver basic documents from Ripple. The requested records include the company’s financial statements for 2022 and 2023 and post-complaint XRP sales contracts, which could reveal whether the firm violated certain securities laws. Ripple had previously claimed that these documents were untimely and irrelevant to the case.
Major lawsuit between organizations to arrange For April 23, 2024. Looks like Ripple has the upper hand, to secure three partial court victories last year.
The crypto community is awaiting the outcome of the case because a decisive win for the company could positively impact the entire digital asset market. On the other hand, an adverse scenario could disrupt the industry and lead to the implementation of strict rules.
Resurrection of WIF
solana-based meme coin – dogwifhat (WIF) also made headlines by being among several cryptocurrencies that recorded significant price increases in the last few days.
Like CryptoPotato reported On January 24, the value of the asset increased by 30% following its listing on bitget. Coin at the beginning of this month Exploded It rose to an all-time high of $0.45 after Binance launched WIF/USDT perpetual contracts.
Currently, the meme coin is trading around $0.35, up 10% on a daily scale (according to CoinGecko data).
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