Ripple believes that the SEC will abandon the idea of prosecuting the company and withdraw its claims. The optimism of the company's representatives is due to the fact that the regulator has recently suffered serious reputational losses, which may be associated with poor-quality evidence collection and groundless claims.

CryptoQuant analysts have suggested that the BTC price has reached a local bottom. Experts believe that participants in the crypto market should prepare for the growth of bitcoin. The company's report says that the recent drop in the exchange rate of the main cryptocurrency to $55,000 was a prerequisite for the largest losses of asset owners in 2024. "Hodlers recorded losses of $2.5 billion in two days last week, while profit realization remained minimal compared to March. The realization of large losses is usually a sign of the surrender of sellers and is associated with the achievement of price lows," the analysts said.

To be continued

Let's hope for a positive outcome for Ripple and brace ourselves for potential Bitcoin growth. The recent market fluctuations serve as a reminder to hodlers to stay vigilant and informed. Stay tuned for more updates on these developments!