Important Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

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Important Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17
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Bitcoin’s price has been on a downtrend lately, but indicators like negative exchange netflow and a declining MVRV ratio suggest a potential bullish reversal.

Analysts predict a significant rebound for Dogecoin, with potential price increases to $0.22 and even over $12, driven by bullish patterns and key resistance levels.severe turbulence last week caused by the latest US CPI report and the Fed’s consecutive decision to keep interest rates unchanged. BTC’s price first climbed to approximately $70,000 afterto as low as $65,000 on June 15. It later recovered to the $66,000-$66,500 range, where it has consolidated recently.

“Ripple avoids comparing the Terraform settlement’s penalty to the gross profit of the violative conduct. That ratio is significantly higher: 11.7%. Applying it to the $876.3 million in gross profits, the SEC here asks the Court to disgorge, which results in a much larger figure, a $102.6 million penalty, than the $10 million ceiling Ripple insists on.”

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