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Crypto News Digest by U.Today
Valeria Blokhina
What has happened in the cryptocurrency industry in the last few days? Read U.Today’s news summary to find out!
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Don’t miss anything in the world of cryptocurrencies with the top three crypto news stories published by U.Today last day.
Ripple CEO names the most important date for XRP holders
During his recent I wait at the XRP Apex 2024, together with colleague David Schwartz, Ripple CEO Brad Garlinghouse commented about the ongoing legal battle between the company and the SEC. Asked whether Ripple’s regulatory standing is improving, Garlinghouse said his company is nearing the end of its lawsuit with the regulatory agency. “You know, in a way, if you look at it now, you say we’re almost at the end of that 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 “at the end of the summer”. “Someone asked me if it would be by the end of August. I pointed out that September 21st is the end of summer, so I don’t know,” Garlinghouse said.
Legendary trader John Bollinger breaks silence on Bitcoin price
As Bitcoin is experiencing significant volatility, financial analyst John Bollinger has switched to the X platform to share his point of view on the price movements of the flagship cryptocurrency. In recent weeks, Bitcoin has fluctuated greatly; it was trading at around $70,000 and then dropped sharply by around 4%. This drop occurred after a period of price consolidation, during which Bitcoin appeared poised for a new high. Bollinger addressed the market belief that prolonged periods of consolidation can lead to significant price gains. Quoting According to an old market tenet, “the bigger the base, the higher the space,” he suggested that a strong base period would result in substantial upside. The key question now is whether BT C will maintain this level or see further changes.
Shiba Inu (SHIB) Could Reverse in Next 3 Days – Here’s Why
Shiba Inu approaches a critical price threshold; The 200 EMA is expected to become the primary support level for the meme token in bullish mode. However, the break underneath is sure to pose significant problems, forcing Shiba Inu into the void and possibly triggering the death cross. Shiba Inu is currently trading at $0.00002121 in an attempt to stay above key support levels. The crucial level to watch now is the 200 day EMA. If the SHIB manages to hold above this level, a serious trend reversal could occur. However, if this support is not held, further declines and a bearish trend could occur. The price of SHIB may increase for a few reasons. As always, good news or changes in the Shiba Inu ecosystem could trigger a price reversal, as could market recovery or increased interest from institutional investors.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.