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Important Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

TL;DR Bitcoin’s price has been on a downtrend lately, but indicators like negative exchange netflow and a declining MVRV ratio suggest a potential bullish reversal. The SEC reduced its penalty…

Continue ReadingImportant Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

Can Bitcoin (BTC) Reach $100,000 if Donald Trump Becomes US President Again (ChatGPT Speculates)

TL;DR Donald Trump promises to support Bitcoin and crypto mining if elected, which could result in surging BTC prices (according to ChatGPT). Broader economic conditions, such as inflation and Federal…

Continue ReadingCan Bitcoin (BTC) Reach $100,000 if Donald Trump Becomes US President Again (ChatGPT Speculates)

Ripple (XRP) v. SEC Lawsuit Update June 14th: Company Lawyer Says $10 Million Fine is Appropriate

TL;DR Ripple contends that the SEC’s proposed $2 billion penalty is excessive, suggesting a fine of no more than $10 million. The company’s CEO anticipates a resolution by summer 2024,…

Continue ReadingRipple (XRP) v. SEC Lawsuit Update June 14th: Company Lawyer Says $10 Million Fine is Appropriate