Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.
Today’s Coinbase (COIN) listing is likely to remain a focal point that will dictate the short-term price action in Bitcoin and altcoins.
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.
Ripple is reportedly trading at a $2 to $3 billion valuation but its XRP holdings are worth around $70 billion.
As Ripple fends off SEC lawyers, XRP enjoys an explosive weekend pump
The rally in Bitcoin and select altcoins seems to have hit a wall as bears continue to aggressively push back at key overhead resistance levels.
“My number one recommendation to U.S. regulators is: look at the rest of the world and don’t get out of step,” David Schwartz said in an exclusive interview with Cointelegraph.
Positive news regarding the Ripple–SEC lawsuit saw XRP’s price rally above $1 and its futures open interest to reach an all-time high.
Twelve crypto billionaires have made the Forbes list for 2021, with Sam Bankman-Fried the leader in crypto with a net worth of $8.7 billion.
Ripple’s lawyers will dig through the SEC’s internal discussion on crypto for mention of XRP.