{"id":14449,"date":"2024-10-17T07:35:41","date_gmt":"2024-10-17T07:35:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=14449"},"modified":"2024-10-17T07:35:41","modified_gmt":"2024-10-17T07:35:41","slug":"important-ripple-v-sec-lawsuit-updates-bitcoin-btc-price-rally-and-more-bits-recap-oct-17","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=14449","title":{"rendered":"Important Ripple v. SEC Lawsuit Updates, Bitcoin (BTC) Price Rally, and More: Bits Recap Oct 17"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple and SEC are entering a new phase in their lawsuit, with filings and appeals extending the case.
\nBitcoin briefly surged past $68,000, fueling optimism about a potential bull run with some analysts predicting new all-time highs.
\nDogecoin soared to almost $0.13, attracting attention with some bold but unlikely forecasts for further gains.<\/p>\n

<\/a><\/span><\/p>\n

What to Expect on the Ripple v. SEC Front?<\/h2>\n

The following days are supposed to be quite eventful for the lawsuit between Ripple and the US Securities and Exchange Commission (SEC). <\/span>According<\/span><\/a> to Stuart Alderoty (the company\u2019s CLO), the regulator has until today (October 17) to file Form C, \u201cwhich will give some level of detail about what it plans to appeal.\u201d<\/span><\/p>\n

Ripple will then have seven days to respond with its own Form C that should present further information about its cross-appeal.\u00a0<\/span><\/p>\n

Once these procedures <\/span>get<\/span> complete, both parties must <\/span>to<\/span> agree on a briefing schedule. The agency will have 90 days to file its first brief, while Ripple will <\/span>get<\/span> the chance to react shortly after. Alderoty believes the full briefing process will <\/span>go<\/span> through July 2025.<\/span>\u00a0<\/span><\/p>\n

Most recently, Fred Rispoli (an American lawyer <\/span>who has been<\/span> following the developments in the case) shared his thoughts on the next potential move from the SEC. He <\/span>believes<\/span><\/a> the Commission will appeal Judge Torres\u2019 decision on \u201cprogrammatic sales,\u201d \u201cother distribution,<\/span>\u201c<\/span> not allowing disgorgement, and the \u201ctoo low<\/span>\u201c<\/span> fine of $125 million.<\/span><\/p>\n

\u201cYou might even see SEC appeal <\/span>XRP<\/span> in and of itself isn\u2019t a security<\/span>\u201c<\/span> dicta\/holding. SEC assuredly won\u2019t win on this, but nothing stops it from throwing a few paragraphs at it in an appellate brief,<\/span>\u201c<\/span> he concluded.<\/span><\/p>\n

BTC Resurgence<\/span><\/h2>\n

The primary cryptocurrency has been on a tear in the past several days, <\/span>surpassing<\/span><\/a> $68,000 on October 16. In the following hours, it slightly retraced to the current $67,300, but bulls <\/span>seem to<\/span> remain in charge.<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

Crypto X is full of analysts who think the ongoing revival could be the starting point of a <\/span>major<\/span> bull run. Ali Martinez, for instance, <\/span>envisioned<\/span><\/a> a spike to a new all-time high of approximately $86,600 should BTC break the $67,400 resistance mark.<\/span><\/p>\n

Captain Faibik and Crypto Rover were even more optimistic. The former predicted a rise to $90K if BTC \u201csuccessfully breaks out of the broadening wedge to the upside.<\/span>\u201c<\/span> Crypto Rover <\/span>set<\/span><\/a> a price target of $100K should Donald Trump win the US presidential elections next month.<\/span><\/p>\n

DOGE\u2019s Impressive Performance<\/span><\/h2>\n

Another cryptocurrency recording substantial gains <\/span>as of late<\/span> is the largest meme coin in terms of market cap<\/span> \u2013 <\/span>Dogecoin (DOGE). It pumped to almost $0.13 on October 16<\/span>, <\/span>currently trading at around $0.12.<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

The rally caught the eye of multiple industry participants, some of whom forecasted further increases. Ali Martinez <\/span>presented<\/span><\/a> a chart showing that DOGE has a chance to skyrocket to $10.\u00a0<\/span><\/p>\n

Such a price explosion<\/span>, though,<\/span> would require its market cap to reach the astonishing $1.4 trillion, making the prediction quite unlikely.<\/span>\u00a0<\/span><\/p>\n

The post Important Ripple v. SEC Lawsuit Updates, Bitcoin (BTC) Price Rally, and More: Bits Recap Oct 17<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple and SEC are entering a new phase in their lawsuit, with filings and appeals extending the case. Bitcoin briefly surged past $68,000, fueling optimism about a potential bull run with some analysts predicting new all-time highs. Dogecoin soared to almost $0.13, attracting attention with some bold but unlikely forecasts for further gains. What […]<\/p>\n","protected":false},"author":0,"featured_media":14450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14449"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14449"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14450"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}