BTC rejected at $ 100,000 after $ 1.5 billion in penetration, SEC to stop Coinbase: Your weekly encryption summary

It was a relatively slow and calm week for cryptocurrencies, but Friday turned the tables with some big news.

But before we dive into the main developments that occurred earlier today, let’s focus on price movements last week. I remember that the largest digital assets rose to $ 99,000 last Friday, where the bears were met and were not allowed to advance towards the six desired lands.

The weekend was very slow as BTC was trading about $ 97,000. The market began to recover with the start of the new business week, which was crowned on Tuesday afternoon with a tremendous collapse of Bitcoin, which pushed it to less than 93,500 dollars. This has become its lowest point since the first February massacre.

However, the cryptocurrency interacted after this infection and recovered its composure somewhat quickly. Within the next few days, it turned to about 96,000 dollars and gradually increased about $ 100,000.

Earlier today, BTC reached its climax just less than 99,600 dollars after major news from Coinbase, Brian Armstrong. Exec indicated that the lawsuit between the stock exchange and the American Securities Organization will be rejected early next week by the Supreme Education Council.

However, Bitcoin Bulls had little time to celebrate as one of Coinbase – Bybit – with a massive penetration of $ 1.5 billion. The news was sent, especially since it was confirmed by the company’s CEO, she has sent a shock through the market and BTC retreated with more than two in minutes.

BTC has regained some land since then, and it is now slightly exceeding $ 98,000, which means that it has increased by 1.5 % since this time last week. TRX and LTC are the two best ALTS artists, while Sol and Doge fell more, followed by LINK, Ton, Ton, SUI, SHIB, Pepe and many more.

Market data

The maximum market: 3.363t | 24h Vol: 129B $ | BTC dominance: 58.1 %

BTC: 98,500 dollars (+1.6 %) | Eth: $ 2,748 (+0.5 %) | XRP: $ 2.63 (-3.2 %)

Curd addresses for this week you cannot miss

Coinbase CEO is proud to dismiss a lawsuit for the Supreme Education Council – is the following Ripple? Coinbase’s CEO, Brian Armstrong, has moved to social media to reveal that the US Securities and Stock Exchange Committee plans to withdraw its case against the stock exchange. However, the decision to reject the case is still awaiting approval, which is expected by next week.

Bitcoin Decouous from S&P 500 – Good or bad for BTC? Over the past three weeks, it appears that the relationship between the S&P 500 and Bitcoin has been declining. As of a few days, it has already decreased to scratch, indicating good times at the forefront to Bitcoin, at least according to historical performances.

SEC withdraws the appeal in the DEFI trader classification case. SEC was well withdrawn its resumption of the ruling that prevented its attempt to expand the current securities regulations to decentralized financing (Defi). In addition to its decision to drop the case against Coinbase, the week was very positive for this industry in this regard.

Trump announces the end of Biden CheckPers policies. US President Donald Trump has officially announced the end of Biden’s policies related to encrypted currencies. The price of Bitcoin and the broader encryption market witnessed a scale in response.

Meme Coin Meltdown: Crypto Community turns against speculative symbols. The multiple cryptocurrency supporters spoke with the speculative nature of metal currencies in the wake of the latest scandal that made waves in the media, such as “Libragate”. It is associated with Mimi’s currency, which receives general support from the President of Argentina.

Litecoin (LTC) rises 46 % in just two weeks on ETF boxes. It turns out that Litecoin, which many consider “Dino’s currency”, is one of the best performers in the past two weeks. The cryptocurrency increased by more than 46 % during that period as expectations for LTC ETF consent in the United States.

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This week, we have a striped analysis for ETHEREUM, Ripple, Cardano, Binance Coin and Solana – Click here for full price analysis.