The court ruled that Ripple is not a security. What does it mean?
In simple terms, if Ripple is defined as a security, then just like stocks, it needs a lot of relevant procedures to be legal, otherwise it is illegal. Now that it is defined as a security, this problem naturally does not exist. At the same time, it also reflects that Bitcoin, Ethereum and other currencies are not securities.
Therefore, the news of Ripple's victory caused the market to rise rapidly. Many people regarded it as a major positive for cryptocurrency and believed that this event could trigger the early arrival of a bull market.
The market also gave a direct reaction. Ripple rose to 0.965, which also led to a secondary rise in mainstream currencies. As the saying goes, news comes fast and goes fast. Under the premise of strong bullish sentiment among the majority of coin friends, the rise in coin prices did not continue. On the contrary, in yesterday's rapid decline, the market was shocked by the door-to-door market, and the coin price also returned to the starting point. So now the start of the bull market is expected to be delayed.
So we should not look for too big market fluctuations recently. The current range is still the same, with the high point at 31500 and the bottom support at 29500. It takes a certain amount of time for the funds in the market to accumulate strength and get out of the current consolidation stage.
The recent thinking is to maintain short-term operations around this range. #BTC #ETH
