On July 13, the SEC planned to hold a closed-door meeting next Thursday (July 18). Although the official agenda remains undisclosed, sources said the meeting may address the Ripple lawsuit and potential settlements. The notice outlined the agenda for the meeting, including the filing and resolution of injunctions, administrative proceedings, litigation claims, and other matters related to review and enforcement proceedings. Although the notice did not explicitly mention Ripple's case, the crypto community speculated that the Ripple lawsuit would be the focus given its prominence and the SEC's involvement in multiple legal proceedings. The litigation between Ripple and the SEC has been protracted, and many in the cryptocurrency community believe that the case has hindered the development of XRP, Ripple's cryptocurrency for payments. They expect that a settlement could trigger a recovery in XRP after years of downward pressure.
BTC:
Before the close of the US stock market in the morning, the market once again tested the support of 57,000. The battle between long and short positions continues. Although it seems to be in a relatively balanced state, the news has gradually moved closer to the long army, and the deadlock will soon be broken. The bottom of the oscillation range is temporarily in the 59500-56500 range, and the trend reversal point is the breakthrough and stabilization of the heavy-chip zone before 61000-63000 points.
Intraday upper resistance: 59700-60700
Lower support: 57300-56300
The German government's Bitcoin sell-off has come to an end, and the Mt.Gox sell-off is coming, which has brought considerable challenges to the current Bitcoin market. However, the resilience of the market and the maturity of investors will determine the future direction. Keeping a calm and rational investment strategy will help find opportunities in this fluctuation!
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