$BTC A coin with the Bitcoin logo and a purple chart behind it. A Russian crypto expert has predicted that Bitcoin (BTC) will rise to a range of $70,000 to $75,000 by the end of this month following its recent surge. BTC had started its upward march towards the $67,000 level this week, with some optimistic about an upward breakout.
$NEIRO When a cryptocurrency like Neiro sees a drop in trading volume, it could be a sign that fewer people are buying or selling the asset. This drop in activity could have several consequences, which could cause the price to drop even further: Low Demand: Low trading volume often indicates a lack of interest from investors, which can reduce demand for the token. Without strong demand, the tokenâs price may decline.
Ripple's CCO shares positive news for XRP community. Rippleâs Chief Legal Officer, Stuart Alderotti, has delivered some big news for the XRP community. The U.S. Securities and Exchange Commission (SEC) has decided not to appeal Judge Torresâ summary judgment declaring XRP not a security in the Ripple Labs case. This development has created a positive atmosphere within the XRP community, leading to hopes that XRP will hit $1. SEC Issues Appeals in Ripple Case The SEC has appealed the summary judgment on Rippleâs sales of XRP through crypto exchanges and the actions of its executives. It specifically focuses on sales made by Ripple CEO Brad Garlinghouse and Chairman Chris Larsen. The SEC is requesting a review of these cases. Notably, the agency has not appealed the $125 million fine, and it was revealed that the government has not appealed the repayment order that is still pending. This strategic move by the SEC has surprised some experts. Attorneys Fred Rispoli and Mark Fagel emphasized that the SEC is particularly focused on XRP software sales. This situation caused a temporary drop in the community price. Strong message from Rippleâs CLO. Stuart Aldroti announced that Ripple will respond to the SEC filing. Aldroti stated that it is now clear that XRP is not a security.The community has been asked to patiently follow these developments, which have become a source of sentiment for the XRP community. The SECâs decision not to resume XRPâs security status has sparked optimism in the market. Analyst Egrag Crypto has predicted that the price of XRP could rise to $1.50 in the near term. Currently, XRP is trading at $0.55, despite an 11% drop in trading volume in the last 24 hours. However, buying continues in XRP futures, with open interest in XRP futures increasing by more than 2%, to $770 million.