Bitcoin
Crypto News Digest by U.Today
Valeria Blokhina
What happened in the crypto industry last day? Read U.Today’s news roundup to find out!
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Don’t miss a thing in the world of crypto with U.Today’s top three crypto news stories from the day before.
Ripple CEO names most important date for XRP holders
During his recent appearance at XRP Apex 2024, along with his colleague David Schwartz, Ripple CEO Brad Garlinghouse commented about the company’s ongoing legal battle with the SEC. When asked whether Ripple’s position from a regulatory perspective is improving, Garlinghouse stated that his company is nearing the end of the legal process with the regulatory agency. “You know, in some ways, you look at this now and say we’re almost at the end of this journey,” the CEO said. Garlinghoused then added that in his opinion, although no one can control when the judge will make his decision, the case will be resolved “by the end of the summer.” “Someone asked me if it would be at the end of August. I mentioned that September 21st is the end of summer, so I don’t know,” Garlinghouse said.
Legendary trader John Bollinger breaks silence on Bitcoin price
Although Bitcoin is experiencing significant volatility, financial analyst John Bollinger has embraced the X platform to share your vision on the price movements of the major crypto. In recent weeks, Bitcoin has fluctuated dramatically; it quoted about $70,000 and then fell sharply about 4%. This drop occurred after a period of price consolidation, during which Bitcoin appeared poised for a new high. Bollinger addressed the market’s belief that long periods of consolidation can lead to significant price gains. Quoting an old market principle, “the bigger the base, the higher in space”, he suggested that a period of strong base would result in a substantial advantage. The main question now is whether BTC will maintain this level or see further changes.
Shiba Inu (SHIB) Could Reverse in the Next 3 Days: Here’s Why
Shiba Inu approaches a critical price threshold; The EMA 200 is expected to become the first support point for the meme token in a bullish mode. However, the breakdown below will certainly present significant problems, forcing Shiba Inu into the void and possibly triggering the death cross. Shiba Inu is currently changing hands at $0.00002121, trying to remain above key support levels. The crucial level to watch now is the 200-day exponential moving average. If SHIB manages to hold above this level, a major reversal could occur. However, if this support is not maintained, further declines and a downtrend could occur. The price of SHIB may rise for a few reasons. As always, good news or changes in the Shiba Inu ecosystem can trigger a price reversal, as well as a market recovery or an increase in interest from institutional investors.
About the author
Valeria Blokhina
Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news from the world of cryptography and blockchain.