Summary:
This article provides an analysis of the recent price performances of Bitcoin, Ripple, and Ethereum. It highlights the slight bear market over the past week, with Bitcoin only dropping 1%, Ethereum dropping almost 2%, and Ripple experiencing an 11% decrease. However, the monthly chart shows that Ripple has been in a bullish trend with a 33% increase compared to thirty days ago. The article also discusses the impact of a ruling in Ripple’s lawsuit with the SEC, which clarified that XRP is not a security but did not have a significant effect on the price. Pro-XRP attorney John Deaton remains optimistic about the crypto’s price and predicts it may break through the $1 resistance level. The article concludes by mentioning analyst Cole Garner’s seven indicators that suggest a “full bull” market for Bitcoin and the entire crypto market could occur next month. Additionally, it mentions the four applications for Ethereum futures ETFs in the hands of the SEC, which could potentially impact the price of Ethereum.
Key Points:
– Bitcoin, Ethereum, and Ripple have experienced slight price drops over the past week.
– Ripple has been in a bullish trend with a 33% increase in price compared to thirty days ago.
– A ruling in Ripple’s lawsuit with the SEC clarified that XRP is not a security but did not significantly impact the price.
– Pro-XRP attorney John Deaton remains optimistic about the crypto’s price and predicts it may break through the $1 resistance level.
– Analyst Cole Garner’s indicators suggest a potential “full bull” market for Bitcoin and the entire crypto market next month.
– Four applications for Ethereum futures ETFs are in the hands of the SEC, which could impact the price of Ethereum.
Hot Take:
While Bitcoin, Ethereum, and Ripple have experienced slight price drops recently, the bullish trend of Ripple and the potential indicators for a “full bull” market next month provide hope for crypto investors. The impact of the ruling in Ripple’s lawsuit with the SEC and the potential approval of Ethereum futures ETFs by the SEC could also have significant effects on the prices of these cryptocurrencies. It will be interesting to see how these factors play out in the coming weeks and whether they will lead to a market-wide surge in prices.
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