as Bitcoin BTC/USD Slightly approaching all-time highs, experts predict bullish momentum for major cryptocurrencies, but XRP/USD The SEC's continued appeals have left it mired in regulatory uncertainty. ripple.
what happened to bitcoin: Market Analyst biget and hash dex They consider the divergence between Bitcoin and XRP, citing regulatory and market factors that will shape the direction of Bitcoin and XRP.
Bitcoin is only 9% away from its all-time high of $73,500, and analysts believe it is on the brink of a significant price increase.
In a note shared with Benzinga, Pedro LapentaResearch Director hash dexhighlighted a perfect storm of favorable conditions for Bitcoin.
“It's been about 180 days since the last halving, and if historical patterns hold, we could see explosive price movements in the coming months,” LaPenta said.
“This is the first cycle to regulate products like spot ETFs, making it the perfect time for institutional investors to gain exposure,” he added.
LaPenta also emphasized that the global liquidity environment creates a positive outlook for Bitcoin. Bitcoin is expected to benefit from an increase in money supply and rising global liquidity as the Federal Reserve is expected to lower interest rates to combat inflation.
“Historically, Bitcoin price movements have followed global liquidity, and we expect this trend to continue,” he said.
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What happened to Ripple: While Bitcoin enjoys good market sentiment, XRP faces a more volatile future.
Speaking to Benzinga, ryan leeChief Analyst biget researchwarned that XRP could experience significant price fluctuations depending on the outcome of the SEC's appeal in its case against Ripple Labs.
The SEC's appeal challenges previous rulings in favor of Ripple, raising concerns about XRP's long-term prospects.
“The SEC's appeal in the XRP case has garnered market attention, raising concerns about its potential impact on both XRP's price and overall market sentiment,” Lee explained.
He added that if the appeal turns out to be negative for Ripple, it could cause a decline in the XRP price. “XRP could face significant price pressure if the previous decision is reversed on appeal.”
However, Lee acknowledged that if Ripple continues to make a strong case and win the legal battle, the price of XRP could remain stable or even rise.
“A favorable ruling in the Ripple case and positive investor sentiment could stabilize XRP's position or lead to an increase in price,” he said.
Lee also pointed out that XRP's long-term outlook is deeply tied to the regulatory environment.
“The future of XRP is highly dependent on regulatory updates and how Ripple navigates this situation. may be given.”
The extensive regulatory environment in the United States is a key factor influencing both Bitcoin and XRP.
The SEC has targeted established companies such as Ripple and Coinbase, but the upcoming U.S. election could provide greater clarity on the regulatory framework surrounding cryptocurrencies.
Both analysts agree that clearer regulations could benefit both assets, especially as institutional investors wait for regulatory certainty.
LaPenta also noted that both major US presidential candidates appear to be more open to the crypto sector, which could result in more favorable regulations being applied after the election.
“The upcoming US elections will be critical to clarify regulations and influence token regulation and broader adoption,” he said.
What's next: Both assets will be a key topic of discussion at Benzinga's Future of Digital Assets event on November 19th, where industry leaders will discuss how regulatory clarity and institutional interest will shape the future of digital assets. Let's explore how to shape it.
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