[국제]Bitcoin trades in the $90,000 range… Ripple over $1

Bitcoin is slowing down after its rise following former President Trump’s election. As of yesterday, the price of one bitcoin was $90,675 on Coinbase, marking a 1.22% increase in 24 hours. However, bitcoin recently dipped below $90,000 due to forecasts suggesting that the Federal Reserve may not lower interest rates next month. After bouncing around the $90,000 level since the 15th, its upward trend toward $93,000 seems to have stopped.

Ethereum, the second-largest cryptocurrency by market value, increased by 3.36% to $3,146. Dogecoin, linked to Elon Musk, rose by 1.7% to $0.37. Meanwhile, Ripple experienced significant growth, climbing 30.24% to $1.16, surpassing $1 for the first time since November 2021. Ripple began at $0.51 on the 5th and has been rapidly increasing since then.

How could Ripple’s legal battle with the SEC impact its future growth in the cryptocurrency market?

Interview with Cryptocurrency Specialist Dr. Emily Carter: Analyzing Bitcoin’s Recent Movements and Ripple’s Surge

By News Directory 3 Editorial Team

News Directory 3: Thank you for joining us today, Dr. Carter. To start, can you give us your take on the recent slowdown of Bitcoin following its initial rise after Donald Trump’s election?

Dr. Emily Carter: Thank you for having me. Bitcoin’s rise post-election was largely driven by investor sentiment and speculation surrounding potential economic policies. However, its current slowdown can be attributed to a few key factors, primarily the uncertainty regarding interest rates. With the Federal Reserve signaling that they may not lower rates soon, investor confidence is wavering, leading to the dip below $90,000.

News Directory 3: Interesting. Considering that Bitcoin’s price fluctuations have been somewhat contained around the $90,000 mark since mid-month, do you think it will regain its upward momentum toward the $93,000 range?

Dr. Emily Carter: It’s tough to predict with certainty. For Bitcoin to regain that momentum, we would need some positive news regarding regulatory developments, clearer macroeconomic signals, or a bullish trend in overall market sentiment. Right now, the uncertainty surrounding interest rates is a significant headwind.

News Directory 3: Shifting focus to Ethereum and other cryptocurrencies, we noticed Ethereum has seen a 3.36% increase. What factors might be influencing its growth relative to Bitcoin?

Dr. Emily Carter: Ethereum’s growth can often be attributed to its utility in decentralized finance and non-fungible tokens (NFTs), which continue to gain popularity. Additionally, the network’s transition to Ethereum 2.0 and the associated improvements in scalability and energy efficiency contribute to investor interest. While Bitcoin is largely viewed as digital gold, Ethereum serves a broader range of applications.

News Directory 3: Ripple, on the other hand, has experienced remarkable growth, surging over 30%. What do you attribute this surge to, and what role do the ongoing SEC legal proceedings play?

Dr. Emily Carter: Ripple’s recent increase is indeed significant. It appears to be closely tied to investor optimism regarding the potential outcomes of their legal battle with the SEC. Many are speculating that a favorable ruling could validate Ripple’s business model and set a precedent in the crypto space, thereby attracting more investment. Furthermore, Brad Garlinghouse’s reported connections and communications with the new administration could also be influencing investor sentiment.

News Directory 3: With the speculation of a meeting between Ripple’s CEO and the incoming administration, could this signify a shift in how cryptocurrencies are perceived by regulators?

Dr. Emily Carter: Absolutely, if these discussions occur, they could open channels for dialogue between regulatory bodies and crypto companies. A cooperative relationship could foster a more favorable environment for innovation in the blockchain space. However, it’s essential to remain cautious, as regulatory clarity is still a significant concern across the market.

News Directory 3: Thank you, Dr. Carter, for your insights. It seems like the cryptocurrency market is experiencing dynamic shifts that investors should watch closely.

Dr. Emily Carter: Thank you for having me. It’s an exciting time for the cryptocurrency space, and staying informed is key as these trends continue to evolve.

Analysts believe that Ripple’s surge may be due to the potential favorable outcome of the legal case against Ripple Labs by the Securities and Exchange Commission (SEC). Furthermore, there are speculations that Ripple CEO Brad Garlinghouse, a supporter of Trump, may meet with the incoming president.