Cryptocurrencies News

US-based Asset Management firms are expected to file Ripple (XRP) ETF applications with the SEC in April 2024, with a possible launch before the year end.

It has been a choppy week for the crypto market. Rumors of the SEC planning to reject or delay approvals sent the crypto market into negative territory.

Bitcoin-weighted sentiment index provides clues into the dominant expectations among crypto investors, following Wednesday’s sell-off. 

Bitcoin (BTC) price plunged by 7% Wednesday morning, sinking as low as $41,804.95 amid rumors that the SEC could reject Spot BTC ETF applications.

A ruling from the SEC v Terraform Labs case impacted buyer appetite for cryptos. However, progress toward the BTC-spot ETF market remains a tailwind.

The SEC vs. Ripple case entered its third year, with Coinbase also in the courts. Progress toward a crypto-spot ETF market contributed to BTC gains this week.

Argentina’s new government has “ratified and confirmed” that contracts denominate in Bitcoin can be officially recognized by the country’s courts.

Increasing scrutiny of the US digital asset space and the SEC countered the positive effects of dovish FOMC projections to leave cryptos in the red.

The crypto market continued to respond to BTC-spot ETF-related news, countering anti-crypto rhetoric from Capitol Hill.

The US courts highlight more untoward SEC actions in its regulation by enforcement maneuvers while Coinbase had an impressive November.

On Tuesday, Binance Founder Changpeng Zhao confirmed his exit as CEO. While a successor has been announced, the market sentiment remains pensive. 

It was a mixed Monday to Friday for the crypto market. XRP was underwater as investors reacted to the latest court schedule, while DOGE was on the move.

Crypto-spot ETF-related news remained the focal point. However, investor uncertainty about the SEC v Ripple case left XRP trailing the broader market.

Bitcoin spot-ETFs, XRP and Ripple, the WSJ article, and the SEC were in the spotlight. The Sam Bankman-Fried verdict got the Friday headlines, however.

BTC-ETF market news fueled demand for cryptos. However, XRP trailed amidst fear of the SEC appealing the Programmatic Sales ruling.

The big story of the week was the SEC dropping the charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

Key Insights: Bitcoin price made a decent recovery following the US CPI data released on Thursday, but it appears the BTC Miners are not yet convinced.  XRP Inverse traders dominated the Futures markets this week, forcing LONG position holders into successive liquidations worth millions.  Binance CEO Changpeng Zhao announced the

The broader crypto market is under water this week. Beyond the headlines, Binance faced scrutiny from UK regulators.

Caroline Ellison took the stand on the third day in the criminal trial involving FTX founder and CEO Sam Bankman-Fried. Here are the latest details

Historical data-driven analysis on how Bitcoin prices could react to the latest Consumer Price Index (CPI) data released by the US Bureau of Labor Statistics.