Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continue to stabilize, with investor sentiment improving as the SEC’s Crypto Task Force gears up for its first roundtable discussion. Bitcoin, which is hovering around $84,500, has rebounded nearly 3% this week, while Ethereum and Ripple also maintain solid support around their key price levels, hinting at potential recovery.
Ripple’s XRP Gains Confidence Following SEC Legal Victory
Ripple’s XRP has been trading near $2.43 after facing rejection at the $2.60 resistance level. The remittance-focused cryptocurrency has seen a remarkable 400% increase in network activity since the beginning of March. This growth could continue, especially after the Securities and Exchange Commission (SEC) decided to drop its appeal against Ripple, signaling growing investor confidence in the project.
Bitcoin’s Reaction to Trump’s Speech and Market Outlook
Bitcoin reached a 10-day high of $85,900 on March 20, ahead of U.S. President Donald Trump’s speech at Blockworks’ crypto digital asset summit. Although BTC price dipped 4% after Trump’s remarks, derivatives trading signals suggest that significant declines are unlikely in the near future, as the overall market sentiment remains resilient.
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