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#JUST  IN: 🇺🇸 SEC expected to deny spot Ethereum ETFs next month, Reuters reports.
SEC Expected to Deny Spot Ethereum ETF Next Month

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Ripple Price Analysis: XRP Bulls Reclaim $0.5 Following the Devastating 20% Crash Ripple’s price has been dropping over the last few days as the crypto market has experienced a significant plunge. However, the cryptocurrency is currently demonstrating signs of short-term recovery. On the USDT paired chart, the price has failed to stay above the $0.6 resistance level and the 200-day moving average, which is located around $0.55. The market has displayed a rapid rebound from the $0.43 support level and reclaimed $0.5. Yet, before any considerable bullish move can be expected, the market should first break back above the 200-day moving average.The BTC Paired Chart Looking at the XRP/BTC pair, the price has recovered above the 800 SAT support level and is currently hovering around the 200-day moving average, located around the 900 SAT mark. If the price can successfully break higher, a rally toward the 1200 SAT resistance zone could be expected. With the RSI also showing values above 50%, the momentum is in favor of such a bullish move. On the other hand, if the 800 SAT support level is broken down to the downside, it is likely possible for the market to create a new low.

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Bitcoin needs $59.1K weekly close amid doubt over BTC price all-time high Bitcoin BTCUSD has a new minimum BTC price target for the week — but hitting it does not take all the pressure off bulls. In his latest X coverage, popular trader and analyst Rekt Capital said that Bitcoin’s next weekly close must hit $59,000. BTC price faces undefeated resistance hurdles Bitcoin is doing its best to recover from a trip to six-month lows of $49,500 this week, but bears could easily reclaim control. Analyzing the long-timeframe landscape on BTCUSD, Rekt Capital identified the potential for an enduring BTC price bounce, which would keep it in line with behavior since March’s all-time high. “It has happened,” he wrote, referring to Bitcoin reversing upward right on target.

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Bossie (BOSSIE) - MEXC Listing - 07 Aug 2024 The listing of Bossie on MEXC is notable as exchange listings often increase liquidity and visibility for a crypto asset. Paired with USDT, this listing could attract more traders to Bossie, potentially leading to a price increase. Additionally, MEXC's promotional airdrops during the listing period could generate extra buzz around the token.

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Bitcoin Current Recovery And Outlook Following the recent dip in Bitcoin comes a notable recovery, which started earlier today. So far, Bitcoin has increased to as high as $56,957 in the early hours of today before retracing slightly to trade at $56,672, at the time of writing, up by 3.6% in the past 24 hours. According to prominent crypto analyst Ali, Bitcoin has formed a “rising wedge, a pattern often linked to downtrends.” Ali projected that Bitcoin might surge to “$56,000-$57,000 at the wedge’s upper boundary.” However, a possible plunge to $51,000 should still be watched out for.

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