Ripple gave the green light: Bitcoin took off!
Ripple's superiority over the SEC day by day lit the fuse of Bitcoin (BTC), bringing an increase to $29,400.
Ripple's superiority over the SEC day by day lit the fuse of Bitcoin (BTC), bringing an increase to $29,400.
The Ripple–SEC tension, which has been occupying the crypto industry for a long time, has started to positively affect the market, especially recently. It was first decided on July 13 that XRP was not an investment contract. Later, on October 3, the SEC's appeal was denied. Finally, the dropping of charges against Ripple executives on October 19 further weakened the SEC's hand.
The cryptocurrency market, which relaxed a little with these situations, showed a direct increase. BTC, which started to attack with the news falling on October 19, rose from $ 28,570 to $ 29,400, showing a total increase of 2.90 percent.
$30,000 targeted with the Ripple effect!
BTC, which was spurred by the ETF rumors in the past few days, had hit $ 30,000. However, as the news was not true, the market went into a direct collapse and lost a significant amount of value. Ripple-SEC developments that came at night came like a medicine to the sector. With these, BTC, which managed to rise above $ 29,000, is currently traded at $ 29,265.
In order for the upward expectations in BTC to continue, it is critical to maintain permanence above $ 29,547. Afterwards, $30,000 levels can be targeted. If $ 30,000 is exceeded, it is highly likely that buyers' appetite will increase and new investors will join the market. In case of declines, the support levels that can be followed are 28,815 – 28,120 – 27,482 – 27,151 and 26,613 dollars, respectively.
$BTC $XRP
