Bitcoin Faces Death Cross as XRP Fails to Capitalize on Appeal Ruling

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Bitcoin Faces Death Cross as XRP Fails to Capitalize on Appeal Ruling
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Bitcoin and Ripple both under selling pressure despite the positive news on multiple fronts for Ripple. Is XRPUSD destined to return to its YTD low?

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.50% Wall Str...

On Monday, October 3 the Federal Court denied the SEC request to certify its interlocutory appeal. Judge Torres stated that to grant the SEC’s request for a certification, she would have to find, among other matters, a controlling question of law for which there was a “substantial ground” for a difference of view. However, this was not the case here, she claimed.

Looking at the crypto fear and greed index and we have seen a recovery over the past month from fear to neutral which is a slight positive for crypto markets as a whole.There is a belief among many in the crypto space that with the ruling last week by Judge Torres the SEC could choose to drop their case. Given the disdain showed toward the crypto industry by the SEC i wouldn’t hold my breath and will rather wait for an official announcement on the matter.

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