What happened in the encryption market this week?

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The Crypto Market, the US Federal Reserve kept with fixed interest rates of 4.50 %, and marking market speculation.
Ripple won a victory as SEC fell a lawsuit against XRP.
Canary Capital was introduced to get ETF SUI, which enhances optimism in the encryption market.

The encryption market has witnessed major events this week, including the rejection of the federal reserve to change interest rates, the legal Ripple victory over the Supreme Education Council, and the increase in institutional investment in the assets of encryption. These events, along with organizational measures and ETF files, affected the market morale and investor positions.

Federal reserve rate

US Federal Reserve Left interest rates at 4.25 % – 4.5 % in Duofish’s position against total economic uncertainty. Federal Reserve Chairman Jerome Powell confirmed that inflation is temporary, driven by the customs tariff policy. Arthur Hayes, CEO of Bitmex, estimated that the low price reduction will stimulate the Bitcoin Rally, while Bitcoin ended the week with $ 84,000.

At the same time, the Bank of Japan also maintained its rates by 0.50 %, and Francois Veroy warned of the Securities and Stock Exchange that the US -friendly position of encryption could ignite a financial crisis.

XRP has been rejected

Ripple’s lengthy legal struggle with SEC finally ended, as CEO Brad Garlinghyus confirmed that the lawsuit had been withdrawn.

This reduces the ripples and indicates the relaxation of the organizational environment during the Trump administration. Although a weekly decrease 2 %, XRP closed much higher than $ 2, which indicates the confidence of the unpopular market.

The chief legal official at Ripple Stuart Aldouti has identified the following path to work after the Supreme Education Council withdrew from its appeal, which enhances the legal Ripple position.

PI Market

Pi Network witnessed increasing speculation with a decline in value between $ 1, after reports that 129 million PITs of $ 175 million were opened this month.

While the Asian adoption, especially in Vietnam, continued to increase, uncertainty is attached to the project as there were no important updates from the project team.

Bitcoin strategic reserves

Institutional enthusiasm for encryption has been strengthened, as North Carolina has enhanced a draft law that allows the State Fund Secretary to invest up to 10 % of its assets in Bitcoin. Canary Capital SUI ETF introduced to the United States, which sparked hopes.

OKX stopped its Dex services amid the pressure of the European Union, Binance removed the limits of employee trading at a maximum of $ 5,000, and the Public Prosecutors in South Korea raided Bithumb due to the mistreatment of suspected funds.

The Defi Market has witnessed a landmark where the total value of the real global assets (RWA) (TVL) crossed $ 10 billion. Binance Alpha 2.0 launched, providing direct symbolic purchases on the chain, which increases the simplification of the trading process.

With the emergence of policy changes and ETF files, the market is under implementation, and the investors closely monitor future developments in the pipeline.