The expected pullback in the midst of an upward trend has materialized as anticipated. BTC is poised for a strong battle around the MA30 moving average line. The US non-seasonally adjusted CPI annual rate in July may potentially bring greater volatility to the subdued market. As for other factors, they currently have minimal impact on BTC. It is advised to focus on the level of 💲29,600 points for now.
SEC Will Appeal XRP Ruling in Case Against Ripple, Regulator Says
The U.S. Securities and Exchange Commission (SEC) will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing on Wednesday. The SEC said it was seeking "leave to" appeal part of a recent decision while other parts of the SEC's case proceed to trial. The regulator said approval of an interlocutory appeal could prevent the SEC and government from needing two trials.
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