TL;DR
- BTC stabilizes around $51K-$52K, with the potential for a major rally due to the upcoming halving event.
- Ripple has secured several partial court victories against the SEC in their ongoing legal battle but is still facing challenges ahead.
- Solana meme coins, such as Dogwifhat, Bonk Inu, and Myro, witnessed considerable gains, with WIF reaching an all-time high several days ago.
BTC Found Solid Ground
After the approval of spot Bitcoin ETFs in the US, BTC’s price experienced volatility but eventually started rising. It has now consolidated around $51K-$52K, with inflows from new ETFs increasing. Experts believe this could be the start of a major rally, especially with the upcoming halving event in April. The halving will reduce miners’ rewards and has historically been bullish for BTC. There is speculation that BTC could reach a new all-time high this year.
What’s New Around Ripple (XRP)?
The ongoing legal battle between Ripple and the SEC has seen Ripple secure three partial court victories. The first victory determined that Ripple’s sales did not constitute offers of investment contracts. Ripple’s CEO and Executive Chairman were cleared of all charges. However, the SEC also achieved a small victory by requiring Ripple to disclose important financial records. The grand trial between the entities is scheduled for April 23.
Solana Meme Coins’ Resurgence
Meme coins in Solana’s ecosystem, such as Dogwifhat, Bonk Inu, and Myro, have gained attention due to significant price increases. Dogwifhat reached an all-time high of over $0.45 and has seen an 80% increase in the past 14 days. Bonk Inu and Myro have also risen, though to a lesser extent.
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