Bitcoin price is attempting to flip the $50,000 level back to support, while many altcoins are capitalizing on BTC’s consolidation by moving higher.
Bitcoin and altcoins both saw a strong bounce off their intraday lows, which signals that traders still view dips as buying opportunities.
“Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple’s platform,” says MoneyGram’s quarterly outlook.
“More crypto companies are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws,” said Caitlin Long.
Bitcoin’s rally to a $1 trillion market cap could attract more buyers to the crypto sector and boost the price of several altcoins.
Bitcoin price has posted all-time high today and that may pull select altcoins higher.
The market has matured since 2018, when bitcoin ETF applications last hit a peak. It’s unclear whether that’s enough to see one approved.
Both parties are currently not considering terms for a pretrial settlement.
The SEC’s case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.
The sharp recovery in major altcoins and Bitcoin suggests the uptrend remains intact.