Crypto Market Shakes and Surges: Key Developments from July 27-29, 2024
Bitcoin Nears All-Time High Amid Political Promises
Bitcoin (BTC) continues its ascent, nearing its all-time high as it trades around $69,241. This surge is partly fueled by former President Donald Trump’s pro-crypto pledges, including holding all seized Bitcoin and appointing a pro-crypto SEC chair if re-elected. This political development has sparked renewed investor confidence and market activity​ ( FX Empire )​​ ( EconoTimes )​.
Ethereum ETF Delays and Market Resilience
The U.S. SEC’s delay in approving spot Ethereum ETFs has created uncertainty, yet Ethereum (ETH) has remained resilient. Trading around $3,267, Ethereum shows promise with predictions suggesting it could reach $3,285 by the end of the month. Institutional support and increased accumulation by investors underline this resilience​ ( Decrypt )​​ ( The Daily Hodl )​.
Ripple ( XRP ) Legal Battles and Settlement Hopes
XRP remains in the spotlight with ongoing speculation about a potential settlement in Ripple’s lawsuit with the SEC. The proposed penalties from the SEC and counteroffers from Ripple are critical points of interest. Despite legal uncertainties, XRP has maintained stability, trading at approximately $0.457​ ( FX Empire )​​ ( FX Empire )​.
Read More: https://onthenode.com/analysis/crypto-market-shakes-and-surges-key-developments-from-july-27-29-2024
Bitcoin Nears All-Time High Amid Political Promises
Bitcoin (BTC) continues its ascent, nearing its all-time high as it trades around $69,241. This surge is partly fueled by former President Donald Trump’s pro-crypto pledges, including holding all seized Bitcoin and appointing a pro-crypto SEC chair if re-elected. This political development has sparked renewed investor confidence and market activity​ ( FX Empire )​​ ( EconoTimes )​.
Ethereum ETF Delays and Market Resilience
The U.S. SEC’s delay in approving spot Ethereum ETFs has created uncertainty, yet Ethereum (ETH) has remained resilient. Trading around $3,267, Ethereum shows promise with predictions suggesting it could reach $3,285 by the end of the month. Institutional support and increased accumulation by investors underline this resilience​ ( Decrypt )​​ ( The Daily Hodl )​.
Ripple ( XRP ) Legal Battles and Settlement Hopes
XRP remains in the spotlight with ongoing speculation about a potential settlement in Ripple’s lawsuit with the SEC. The proposed penalties from the SEC and counteroffers from Ripple are critical points of interest. Despite legal uncertainties, XRP has maintained stability, trading at approximately $0.457​ ( FX Empire )​​ ( FX Empire )​.
Read More: https://onthenode.com/analysis/crypto-market-shakes-and-surges-key-developments-from-july-27-29-2024
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