#BitwiseBitcoinETF

As we approach 2024, the crypto market is buzzing with anticipation and uncertainty. Here's whatโ€™s unfolding in the world of XRP and Bitcoin today:

๐Ÿ” Ripple Case Appeal: Will XRP Soar or Sink?

The Ripple vs. SEC saga is heating up as the January 15 deadline looms. Hereโ€™s what you need to know:

1. SEC Appeal Uncertainty

Former SEC lawyer Marc Fagel speculates a potential withdrawal of the SECโ€™s appeal, which could set a historic legal precedent for XRP and the crypto industry.

If the SEC proceeds, XRP may face intense selling pressure, dropping below $1.50.

A withdrawal could trigger a rally, pushing XRP toward its 2018 all-time high of $3.55 and paving the way for XRP-spot ETFs.

2. SEC Leadership Transition

Gary Genslerโ€™s exit on January 20 sparks hope for a pro-crypto shift.

Incoming SEC Chair Paul Atkins faces a balancing act, potentially signaling a shift in the agencyโ€™s stance on crypto enforcement.

3. XRP Price Update

XRP closed at $2.1537 on December 26, declining 6.21% due to market uncertainty.

Near-term price trends hinge on the SEC's next move: a filing could mean a drop, while a withdrawal might signal a rally.

๐Ÿ’ก BTC Eyes $100K: ETF Flows Signal Renewed Demand

Bitcoin continues to wrestle with the $100K mark, driven by ETF inflows and market dynamics.

1. BTC-Spot ETF Market Trends

Inflows of $418.7M on Thursday signal rising demand, with notable contributions from:

Fidelity Wise Origin Bitcoin Fund: $254.4M

ARK 21Shares Bitcoin ETF: $186.9M

However, outflows earlier this week added pressure, highlighting the marketโ€™s volatility.