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Ripple CEO declares "victory" as SEC rejects appeal of XRP lawsuit

Garlinghouse considers SEC lawsuit a war on #cryptocurrencies that cost #XRP holders $15 billion.
Ripple's victory sets a legal precedent, and Garlinghouse thanks supporters for their support in fighting the SEC's overreach.
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#Ripple CEO Brad Garlinghouse confirmed that the U. S. Securities and Exchange Commission (SEC) will not file further appeals in the long-running case against the company, marking the end of a four-year legal battle.
What happened: "The case is over, Garlinghouse announced, calling the outcome a "victory" and characterizing the SEC's lawsuit as a failed attempt to strangle the crypto industry.
Ripple is the first company that had the resources, determination and courage to fight back against the agency's overreach
, he said.
Garlinghouse accused the SEC of waging what he called a "war of legal terror.
claiming that the agency's lawsuit has caused $15 billion in losses to XRP XRP/USD investors.
The SEC wasn't looking for justice, it was looking to win the case at any cost.
{n he added.
Why it matters: A key element of the case was the judge's earlier ruling that XRP was not a security. Garlinghouse said the ruling laid the groundwork for policymakers to adopt a set of rules for cryptocurrencies under long-standing securities laws.
Ripple's CEO also linked the conclusion of the case to the broader movement in the crypto space, saying, Today's news shows that the war on cryptocurrencies has ended in defeat for those who turned our own government against an entire industry.

A case that Garlinghouse called the first salvo in the war on cryptocurrencies.
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Global crypto markets tumbled alongside U.S. equities on Tuesday as bearish sentiment gripped financial markets. The total digital asset market cap shrank 1.89%, settling at $2.67 trillion, with Bitcoin (BTC) briefly dipping to $81,138 during trading hours.

🔥 Bitcoin Battles Bears: $224M Liquidation Frenzy! 🔥

A crimson tide swept through the market, triggering over $224.5 million in liquidations, as traders struggled to navigate the uncertainty ahead of the Federal Reserve’s policy announcement on March 19.

📉 Bitcoin (BTC) - Down 1.84%, hitting a low of $81,138 before rebounding near $82,000.

📉 Dogecoin (DOGE) - Dumped 4.42%, leading major declines.

📉 Cardano (ADA) - Slid 4.16%, struggling to find support.

📉 XRP & Solana (SOL) - Dropped 3.7% and 3.5%, respectively, as selling pressure mounted.

📊 Wall Street Woes Spill Over to Crypto!

U.S. stock markets—including the Nasdaq, NYSE, Dow Jones, and S&P 500—also faltered, as investors weighed economic concerns, geopolitical trade tensions, and the looming Fed rate decision. With interest rate uncertainty in focus, risk assets like crypto bore the brunt of market jitters.

💰 Whale Games & Leverage Wipeouts!

Despite the downturn, BTC rebounded to $82K by midday following speculation of Hyperliquid whale trading activity. The same trader who shorted BTC with 40x leverage, only to profit $9M, later flipped long on MELANIA, a meme-inspired token.

Meanwhile, the market saw $145.86 million in long liquidations, with:

🔹 $45.83M in BTC longs wiped out

🔹 $24.96M in ETH derivatives losses

🔹 111,642 traders liquidated

🔹 Biggest hit: A $2.18M BTC futures position on Binance

🚨 What’s Next? The $82K BTC Battle!

At noon on March 18, Bitcoin continued struggling below the $82K zone, awaiting fresh catalysts. Traders are watching the Fed’s upcoming decision, which could fuel further volatility.

🔹 Key Level to Watch: BTC needs to reclaim $83K+ for a bullish reversal.

🔹 Risk Alert: Another dip could test $80K psychological support.

🔹 Pro Tip: Volatility is 🔥—manage leverage and watch for breakouts!

📢 Will BTC bounce or break? Drop your thoughts! 👇

💰 Buy and trade here on BTC!

#Binance #CryptoNews #Bitcoin #BTC
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Tech Stocks Tumble, Ripple Effect Hits Crypto and Commodities

The U.S. stock market took a hit on Tuesday, snapping a two-day winning streak as technology stocks led the decline. The Nasdaq dropped 1.71%, while the S&P 500 and Dow Jones Industrial Average slipped 1.06% and 0.62%, respectively. Tesla sank 5.34% as competition in the EV sector intensified, and Nvidia fell 3.35%, despite unveiling fresh innovations at its GTC conference.

Crypto Market Reacts to Stock Weakness

The slump in equities triggered turbulence in the crypto market as well. Bitcoin (BTC) briefly dipped to $81,000 before recovering to $82,571, reflecting a 1% decline over the past 24 hours. Ethereum (ETH), however, edged up 1.3% to $1,940, potentially buoyed by optimism around the upcoming Pectra upgrade. Other major cryptocurrencies saw modest losses as investors weighed broader market uncertainty.

Forex and Commodities See Mixed Movement

The U.S. dollar index continued its downward trend, slipping 0.13%, while oil prices declined nearly 1% amid reports of a potential temporary ceasefire between Russia and Ukraine on energy infrastructure. Meanwhile, gold surged past $3,040, marking a 1.1% increase, as investors turned to safe-haven assets amid recession concerns and geopolitical tensions in the Middle East.

Eyes on the Federal Reserve’s Next Move

Attention now shifts to the Federal Reserve’s policy announcement later today. While no immediate changes to interest rates are expected, traders and analysts will be closely analyzing Fed Chair Jerome Powell’s statements and the latest dot plot projections for hints about future rate cuts and economic strategy.

With markets in flux, staying ahead of trends is more important than ever. Whether in stocks or crypto, adapting to shifting conditions is key to navigating today’s financial landscape.

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For the latest market insights, expert analysis, and seamless crypto trading, Binance is your go-to platform for making informed investment decisions.

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