SEC’s Motion for Certification of Interlocutory Appeal Denied
District Judge Analisa Torres has denied the US Securities and Exchange Commission’s (SEC) motion for certification of interlocutory appeal in a brief ruling. The judge stated that the SEC did not provide sufficient evidence that the appeal would significantly advance the termination of the litigation. In addition, the SEC’s request for a stay was also denied as moot. The judge has scheduled a trial date in April to address remaining issues in the case, leaving open the possibility for the SEC to appeal the entire case after this trial.
Cryptocurrency Market Outlook for October and November
According to YouHodler Risk Manager Sergei Gorev, October and November are historically strong months for the cryptocurrency market. While Bitcoin typically performs poorly in September, it showed positive momentum this year by gaining over 3% in value. Currently, Bitcoin is trading at $27,716, demonstrating stability after losing support at $28,000 earlier in the week. On the other hand, Ether experienced a slight decline of 0.2% and failed to maintain its position above $1,700.
Hot Take: Crypto Market Shows Strength Ahead
The denial of the SEC’s motion for certification of interlocutory appeal indicates a setback for the regulatory body. However, with October and November historically being strong months for the cryptocurrency market, there is potential for further growth and positive performance. Bitcoin’s recent stability around $27,716 suggests a possible consolidation phase before potential upward movement. As for Ether, maintaining support above $1,700 will be crucial to regain bullish momentum. Keep an eye on these developments as they could shape the crypto market in the coming weeks.
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