U.Today – Don’t miss a thing in the cryptocurrency world with the three top cryptocurrency news stories of the last day.
The CEO sets the most significant date for XRP holders
During his recent appearance at XRP Apex 2024 alongside colleague David Schwartz, Ripple CEO Brad Garlinghouse commented on the company’s ongoing legal battle with the SEC. Asked whether Ripple’s position from a regulatory standpoint is improving, Garlinghouse said his company is getting closer to ending its lawsuit with the regulatory agency. “You know, you kind of look at it now and say we’re almost at the very end of this journey,” the CEO said. Garlinghoused then added that he estimates that, although no one can influence when the judge will decide, the case will be decided “by the end of the summer.” “Someone asked me if it would happen by the end of August. I indicated that September 21st is the end of summer, so I don’t know,” Garlinghouse said.
Legendary trader John Bollinger breaks his silence on price
With Bitcoin experiencing significant volatility, financial analyst John Bollinger took to the X platform to share his view on the flagship cryptocurrency’s price movements. Over the past few weeks, the price of Bitcoin has fluctuated dramatically; its price was around $70,000 and then dropped sharply by around 4%. This decline followed a period of price consolidation during which Bitcoin appeared poised for a new high. Bollinger addressed the market’s belief that longer periods of consolidation could lead to significant price increases. Citing the old market rule that “the bigger the base, the higher in the space,” he suggested that a strong base period would result in significant growth. The key question now is whether BT C will maintain this level or whether it will face further changes.
(SHIB) Could Turn Around in the Next 3 Days: Here’s Why
The Shiba Inu is approaching a critical price threshold; the 200 EMA is expected to turn into a major support level for the meme token in bullish mode. However, the break below will certainly cause serious problems, forcing the Shiba Inu into the void and possibly triggering the death cross. Currently, Shiba Inu is changing hands at $0.00002121 as it tries to stay above key support levels. The key level to watch right now is the 200-day exponential moving average. If SHIB manages to stay above this level, a major turnaround could occur. However, if this support is not maintained, further declines and a downward trend may occur. The price of SHIB may increase for several reasons. As always, good news or changes in the Shiba Inu ecosystem can result in a price reversal, as well as a market recovery or increased interest from institutional investors.
