Cryptocurrencies Price Prediction: Ripple, Bitcoin & Avalanche– American Wrap 22 August
Ripple is a clear winner in SEC lawsuit, says chief legal officer
Ripple (XRP) traders continue to digest the Securities & Exchange Commission’s (SEC) recent lawsuit ruling. But Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, said in a recent tweet that the firm is a clear winner in the lawsuit.
Bitcoin (BTC) trades above $61,000 on Thursday, holding up on gains driven by the release of the Fed Minutes on Wednesday, which hinted at an interest-rate cut in September. US spot Bitcoin ETFs saw a modest inflow on Wednesday, while on-chain data doesn’t seem to support further price gains as Bitcoin OTC desk balances for miners surge and the long-to-short ratio stays below one.
Avalanche price set for surge as Franklin Templeton extends its L1 blockchain footprint to Avalanche
Avalanche (AVAX) trades inside a falling wedge pattern on Thursday, and a breakout would signal a bullish trend. As of Thursday, AVAX had gained 4%. The recent launch of investment firm Franklin Templeton’s and Agora's fully-collateralized US digital dollar, AUSD, on the Avalanche network suggests that the AVAX price will rally in the coming days.
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