CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
SEC Predicted to Drop Ripple Case by Former CFTC Chair, Shiba Inu Surprises With Mild Spike in This Key Metric, Bitcoin to Crash Even More, ...
Table of Contents
Market Musing-g

SEC Predicted to Drop Ripple Case by Former CFTC Chair, Shiba Inu Surprises With Mild Spike in This Key Metric, Bitcoin to Crash Even More, ...

U_Today
By U_Today
1 month ago
3 mins read
SEC Predicted to Drop Ripple Case by Former CFTC Chair, Shiba Inu Surprises With Mild Spike in This Key Metric, Bitcoin to Crash Even More, ...
Cover image via U.Today

U.Today presents the top three new stories over the past day.

SEC predicted to drop Ripple case by former CFTC chair

During a recent interview on Fox Business, Chris Giancarlo, former chairman of the CFTC,predicted that the SEC would likelydismiss its case against Ripple. "I would bet they would," Giancarlo replied to a question from Fox Business reporter Charles Gasparino. This speculation comes after the SEC filed a notice of appeal in the case and Ripple's own cross-appeal. Additionally, there are expectations circulating that the next SEC leader will adopt a more favorable stance toward cryptos. With current SEC chair Gary Gensler set to exit in January, there is renewed optimism for the crypto sector, which has faced challenges under his leadership. According to prediction market Kalshi, former SEC Commissioner Paul Atkins has a 60% chance of taking the helm, with former Binance US CEO Brian Brooks lagging behind in a distant second place with 20%.

Just 5.32%? Shiba Inu surprises with mild spike in this key metric

According to the latest on-chain data, Shiba Inu's large transaction volumeincreased by a modest 5.32% over the previous 24 hours. This growth shows some activity among large holders, or whales, but remains relatively insignificant compared to recent fluctuations. At the moment of writing, SHIB is up by only 1.43% over the past 24 hours, changing hands at $0.00002538, reflecting a trend of limited market momentum. Per IntoTheBlock data, large transaction volumes amounted to $268.71 million, suggesting that whales are slowly getting back in. Despite recent dips related to Bitcoin's performance, the overall crypto market is showing signs of recovery, with several assets, including SHIB, experiencing positive trading activity.

Bitcoin (BTC) to crash even more, says Schiff

Vocal Bitcoin critic Peter Schifftook to the X platform to issue a statement regarding the flagship crypto. In his X post,he claimed that once MicroStrategy finishes its aggressive purchasing of Bitcoin, both BTC and the company could face a significant downturn. Schiff noted that with $10 billion already spent, MicroStrategy's goal of investing $42 billion could be reached sooner than expected, leading to a potential drop in demand and a subsequent price decline. Schiff believes that large purchases from institutions like MicroStrategy have a considerable impact on Bitcoin's price. However, saying that Bitcoin's entire value is based solely on one company's buying actions is an oversimplification. In reality, many other factors, such as investor sentiment and macroeconomic conditions, also play important roles in determining BTC's price. While Schiff's concerns about MicroStrategy's impact are valid, the decentralized nature of Bitcoin and interest from other investors make a total collapse unlikely. Current price trends suggest that BTC is stabilizing before any major changes occur on the market.
Read original article on U.Today
0 likes
|

Other articles published on Nov 28, 2024

Market Musing-g

Bitcoin Price Headed to $500K, The Shocking Reason Behind This Bold Prediction

Bitcoin price could rise to $500 000, as one millionaire crypto analyst has reportedly forecasted. This bullish forecast is given when the cryptocurrency market is in great recovery mode, with Bitc...
By The Bit Journal
1 month ago
5 mins read
Market Musing-g

Will Algorand Reach $1 Soon?

Algorand (ALGO) has experienced a remarkable surge, climbing over 40% in just one week, capturing the attention of traders. This rise has sparked discussions about the potential for ALGO to hit the...
By BH NEWS
1 month ago
2 mins read
Market Musing-g

Unlocking $213M: SUI Leads the Charge in Crypto Market Shake-Up

SUI, DYDX, ZETA, and ADA are among the cryptocurrencies with major token unlocks scheduled between November 25 and December 2. As millions worth of tokens enter circulation, market participants are...
By Coin Edition
1 month ago
2 mins read
Market Musing-g

Comparing Gambling Regulations and Culture in the US and UK

The UK and US are the perfect example to prove that language or modern laws mean nothing when different cultures have different beliefs. These giants are English speakers, huge economic powers, nei...
By WalletInvestor
1 month ago
6 mins read
Market Musing-g

Maria Luís Albuquerque to Lead EU Digital Finance and MiCA Regulation

Maria Luís leadership focuses on making digital finance simpler and accessible for citizens and businesses across the EU. MiCA regulations aim to bring fairness and protection to cryptocurrency mar...
By Crypto News Land
1 month ago
4 mins read
Announcements

Record-Breaking Profits: Bitcoin Holders Cash In $2.02 Billion Daily

By Cryptos Newss
1 month ago
2 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!