In this article, we will explore the reasons why Blackrock is aiming for a higher Bitcoin (BTC) price, how the SEC-Ripple lawsuit has cost Ripple (XRP) three years of adoption, and finally how Tradecurve Markets has experienced a boom in growth over the past few months. Let’s look at each of these topics in more detail.
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Tradecurve Markets (TCRV)’s Stellar Surge: 150% and Rising
As Tradecurve Markets transitions into its fifth phase, the token price climbed to $0.025, with more than 35 million being acquired in just one week.
So, what’s fueling this excitement? At its core, Tradecurve Markets is an avant-garde trading platform envisioned to meld the benefits of both centralized and decentralized exchanges. By seamlessly integrating the prime features from both trading environments, Tradecurve Markets resonates with a diverse spectrum of traders.
A standout aspect of Tradecurve Markets is its versatile trading palette, enabling transactions across a diverse set of assets. Be it cryptocurrencies, forex, commodities, or corporate stocks, traders can consolidate and oversee their investments on a singular platform.
Yet, the real USP of Tradecurve Markets is the removal of cumbersome KYC/AML formalities, empowering traders to embark on their journey with minimal hassle. All it takes is an email registration and an initial cryptocurrency deposit for traders to get started.
Given these innovative features, it’s clear why market analysts are earmarking Tradecurve Markets as a formidable contender against the likes of established giants such as Binance and Kraken. With the road ahead looking bright, there’s a palpable sentiment that TCRV’s value might soar well beyond the $1.00 mark in due course.
Bitcoin (BTC) ETFs and the Market’s Jitters
Bitcoin has recently slumped from $31,800 to under $26,000 after delays to Bitcoin ETF approvals. Market participants are now commenting that Blackrock wants a lower Bitcoin price before they enter the market.
The perception that a depressed Bitcoin price would allow BlackRock to rake in higher profits upon the ETF launch may seem logical at first glance. However, diving deeper into the mechanics and implications makes the idea less straightforward.
BlackRock, an esteemed global financial institution, has always prioritized market stability and the trust of its investors. Deliberately benefiting from a significant dip in Bitcoin’s value could risk the broader reputation and acceptance of the crypto market.
Moreover, the U.S. Securities and Exchange Commission (SEC) keeps a watchful eye on any signs of market manipulation while ensuring robust investor protection. Any suggestion that BlackRock might be involved in manipulating Bitcoin’s price would not only tarnish its reputation but could also derail its attempts to secure regulatory green lights for its ETFs.
Recent price action suggests that Bitcoin buyers were overly bullish on the initial ETF news by leveraging margin positions. The subsequent lack of bullish updates caused the price to dip under support, where a long squeeze began.
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Ripple (XRP)’s Legal Quagmire: Setbacks and Surges
In a recent statement on X (previously known as Twitter), renowned attorney John Deaton lamented the significant opportunity cost the SEC–Ripple lawsuit had on Ripple (XRP).
The legal battle has cost Ripple three years of adoption, technology development, and establishing relationships with global partners. Other crypto projects have taken this time to make significant progress in their respective areas, leaving XRP far behind them.
Highlighting the peculiar nature of the lawsuit, Deaton also referenced MoneyGram’s association with Ripple. MoneyGram, a global leader in payment processing, had no backlash from the SEC regarding a decision to leverage Ripple.
Yet, despite adherence to due diligence and transparency by Ripple’s partners, the SEC opted to initiate a lawsuit against Ripple in December 2020, ushering in an era of uncertainty and setbacks for XRP in the U.S. market.
Price-wise, the news that Ripple won the SEC case sent the token soaring by over 100% in a single day. However, that full move has fully retraced and Ripple is back trading under the $0.55 support/resistance.
For more information about the Tradecurve Markets (TCRV):
Website: https://tradecurvemarkets.com/
https://app.tradecurvemarkets.com/sign-up
Twitter: https://twitter.com/Tradecurveapp
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