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Cryptocurrencies Price Prediction: Cryptos, SEC & Bitcoin – American Wrap 24 July

Cryptocurrencies Price Prediction: Cryptos, SEC & Bitcoin – American Wrap 24 July
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC breaks crucial support ahead of FOMC minutes

Bitcoin (BTC) price continues south after breaking the crucial support. The slump has harmed altcoins, with Ethereum (ETH) and Ripple (XRP) prices bearing the brunt. Meanwhile, the crypto market looks to the oncoming Federal Open Market Committee (FOMC) meeting on Wednesday without much expectation, seeing as its influence on crypto market prices has been rather limited of late.
Coinbase is next in line to fight the Securities and Exchange Commission (SEC) after being sued for allegedly violating Securities law. Both parties are set to appear in court soon as the United States’ regulatory landscape witnesses another potential major case following the Ripple lawsuit.
COIN 1-day chart
Bankrupt crypto lender Celsius’ progress in bankruptcy court made the headlines last week as the firm finalized its strategy to repay creditors. Pro-XRP attorney John Deaton cited the Celsius bankruptcy case to explain that, unlike the bankrupt crypto lender’s case, XRP holders or traders did not lose their funds to Ripple, since many were unaware of the firm’s existence.
 
 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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