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$XRP
SEC (U.S. Securities and Exchange Commission) has filed a lawsuit against Ripple Labs, demanding the recovery of $50 million in a case concerning the unregistered sale of securities in the form of XRP tokens.
⸻
Why this matters:
1. The legal battle between Ripple and the SEC has been ongoing since 2020. Previously, the court partially sided with Ripple, allowing retail trading of XRP.
2. Now the SEC is demanding a specific amount ($50 million), likely for institutional sales.
3. This is not a criminal case, but a civil lawsuit — Ripple is not at risk of shutting down, but the consequences could be financially painful.
⸻
How this affects the market:
• XRP immediately dropped as investors fear long-term pressure from the SEC.
• Other altcoins also saw a slight decline, especially those at risk of being classified as securities (e.g., ADA, SOL).
• Psychologically, the market has begun to factor in legal risks for cryptocurrencies in the U.S. once again.
⸻
Possible consequences:
• Ripple will likely pay a fine but will not cease operations.
• This could set a precedent: the SEC wants to show that they can “push down” even a strong player.
• If Ripple ultimately loses — it will increase pressure on the entire altcoin sector, especially in the U.S.
SEC (U.S. Securities and Exchange Commission) has filed a lawsuit against Ripple Labs, demanding the recovery of $50 million in a case concerning the unregistered sale of securities in the form of XRP tokens.
⸻
Why this matters:
1. The legal battle between Ripple and the SEC has been ongoing since 2020. Previously, the court partially sided with Ripple, allowing retail trading of XRP.
2. Now the SEC is demanding a specific amount ($50 million), likely for institutional sales.
3. This is not a criminal case, but a civil lawsuit — Ripple is not at risk of shutting down, but the consequences could be financially painful.
⸻
How this affects the market:
• XRP immediately dropped as investors fear long-term pressure from the SEC.
• Other altcoins also saw a slight decline, especially those at risk of being classified as securities (e.g., ADA, SOL).
• Psychologically, the market has begun to factor in legal risks for cryptocurrencies in the U.S. once again.
⸻
Possible consequences:
• Ripple will likely pay a fine but will not cease operations.
• This could set a precedent: the SEC wants to show that they can “push down” even a strong player.
• If Ripple ultimately loses — it will increase pressure on the entire altcoin sector, especially in the U.S.
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#AltcoinSeasonLoading
Bitcoin dominance.
If BTC dominance reached its peak yesterday, it may lead to a crazy alt season. A strong decline in Bitcoin dominance over ~20 weeks. This should lift many altcoins to new highs.
I am aiming for a target of 40-42%, but targets lower, such as ~35%, are also quite possible. I am considering that target as well. See the chart above.
We have a lower high than the previous ones in 2021 and 2017. We also have divergence on the weekly RSI like in 2021. Very similar setups, and yesterday confirmed that. If this works, the upcoming growth phase will be incredible for alts.
A 20-week alt rally, like in 2021, would bring us to September of this year. If BTC.D has not yet peaked, we will have to wait a little longer. Let's see…
Bitcoin dominance.
If BTC dominance reached its peak yesterday, it may lead to a crazy alt season. A strong decline in Bitcoin dominance over ~20 weeks. This should lift many altcoins to new highs.
I am aiming for a target of 40-42%, but targets lower, such as ~35%, are also quite possible. I am considering that target as well. See the chart above.
We have a lower high than the previous ones in 2021 and 2017. We also have divergence on the weekly RSI like in 2021. Very similar setups, and yesterday confirmed that. If this works, the upcoming growth phase will be incredible for alts.
A 20-week alt rally, like in 2021, would bring us to September of this year. If BTC.D has not yet peaked, we will have to wait a little longer. Let's see…
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#BTCBackto100K
🪙 Bitcoin has surpassed gold in America
49.6 million people hold BTC
Against 36.7 million - those who invested in gold.
🪙 Bitcoin has surpassed gold in America
49.6 million people hold BTC
Against 36.7 million - those who invested in gold.
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Bitcoin has entered the top five largest assets by market capitalization, surpassing Amazon!
Only 3 companies remain to become the second largest asset in the world ✍️$BTC
Only 3 companies remain to become the second largest asset in the world ✍️$BTC
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People are actively shorting Bitcoin and increasing their margin positions, thus pushing back the liquidation price of their deposits.
I think the price will steadily rise without any pullbacks, not providing good entry points into the market.
Those who are going long will take profits at 120 and be happy with their gains, but the price will continue to rise higher and higher until we reach 270 thousand dollars per Bitcoin.
People will take profits on altcoins at 20, possibly even 40 percent, thinking that it’s just a bounce, at the moment when altcoins will provide 10, 20, and more x's#BTCtrade $BTC
I think the price will steadily rise without any pullbacks, not providing good entry points into the market.
Those who are going long will take profits at 120 and be happy with their gains, but the price will continue to rise higher and higher until we reach 270 thousand dollars per Bitcoin.
People will take profits on altcoins at 20, possibly even 40 percent, thinking that it’s just a bounce, at the moment when altcoins will provide 10, 20, and more x's#BTCtrade $BTC
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Надо брать! Будет доллар!)
What is this at all? Wow, so many zeros?
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