Weekly Market Wrap: Crypto lawsuits, Hinman and a rare rate hike pause

Bitcoin dipped below US$25,000 for the first time in three months, as the SEC’s lawsuits continued to erode crypto investor appetite. Bitcoin needs to hold above US$24,000 to avoid more bearish momentum, industry experts told Forkast.

• 2023-06-16
• William Hinman SEC cryptocurrency Federal Reserve

XRP, ADA Lead Declines in Major Cryptocurrencies as Bitcoin Drops Below $25K

Losses on major tokens extended to over 7.4% in the past 24 hours, data shows.

• 2023-06-15
• William Hinman Alex Kuptsikevich Ripple Labs XRP market capitalization

Bitcoin, Ether extend losses; XRP drops most among top 10 cryptos

Bitcoin and Ether continued to slide amid lawsuits against top crypto exchanges in the U.S.

• 2023-06-14
• William Hinman Bitcoin U.S. Securities and Exchange Commission SEC securities exchange global market Coinbase

XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor

Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network

• 2023-05-19
• William Hinman SEC XRP the SEC U.S. Securities and Exchange