The Bitcoin price has fallen back towards $60,000, erasing gains from earlier in the week. The bearish sentiment is evident as the price dropped significantly on July 3rd, finding some support at the current level. It's unclear if this support will hold or if Bitcoin will dip below the critical $60,000 mark. Meanwhile, most major altcoins are trading in the red, including Ethereum, BNB, SOL, DOGE, and PEPE. However, XRP stands out as a positive outlier, driven by a recent update in the Ripple vs. SEC case. Ripple cited a favorable ruling for Binance in its case against the SEC, attempting to use it as support for its own argument. The outcome of this case could significantly impact XRP's future.
Key Points:
Bitcoin price is falling towards $60,000, erasing gains from earlier in the week.
Most major altcoins are trading in the red.
XRP is defying the negative sentiment due to a favorable update in the Ripple vs. SEC case.
Ripple is using a recent ruling in favor of Binance against the SEC to support its own arguments.
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