Bitcoin (BTC) price is trying to find its way back, with Ethereum (ETH) and Ripple (XRP) prices following close by as the crypto market tries to pick
Also Read:Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens.
One possible fundamental that could have steered Bitcoin price in the right direction is a favorable decision from the US Securities and Exchange Commission concerningfor its Bitcoin Trust to be converted into an Exchange Traded Fund . However, considering the commission has delayed for the second time, the weekend may not record any significant action unless whales step in to take advantage of the weekend tranquility.
Ripple price has been stuck around the $0.5010 level for the better part of the day after pulling back 20% from the August 17 low of $0.4226. While the token also looks to Bitcoin for influence, a lot depends on the ongoing lawsuit between Ripple and the US SEC after the court approved the regulators' request for an interlocutory appeal.
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