The post Ripple vs. SEC Lawsuit Closure Paves the Way for XRP ETFs, BTC Erases Recent Gains: Weekly Recap appeared on BitcoinEthereumNews.com.

Although the past week wasn’t filled with fireworks as the previous one, there are still several notable developments that transpired that we need to talk about. It was a sluggish weekend, in which BTC’s price stood primarily around $84,000 after the intraweek volatility caused by the Fed’s lack of action and Ripple’s (sort of) victory against the SEC. Bitcoin started to mark some gains as Sunday was coming to a close and continued on Monday. The peak came at just inches away from $89,000, which was still a multi-week high. However, the largest digital asset couldn’t maintain its run and started to lose value rapidly. It bounced off, then dropped again, then tried to stage a recovery, but then slumped again as Friday progressed. In fact, the past few hours have been particularly painful as BTC lost the lower boundary of its weekly range ($86,000 to $89,000) and now struggles to remain above $84,000. This essentially means that the asset has erased all gains registered in the middle of the week and is back at the same spot as last Friday’s market update by CryptoPotato. As it will be explained below, Ripple got some big news as its CLO said the company has dropped its own appeal, which effectively means the end of the lawsuit against the SEC. However, XRP failed to react. Just the opposite, it has dumped by 8% in the past week and struggles to remain above $2.2. In contrast, alts like TON, SUI, AVAX, DOGE, and SHIB have posted notable gains, which in some cases are by double-digits. PI has dropped hard once again, losing 14% since last Friday. Market Data Weekly Market Overview: Source: QuantifyCrypto Market Cap: $2.843T | 24H Vol: $109B | BTC Dominance: 59% BTC: $84,440 (+0.5%) | ETH: $1,887 (-3.4%) | XRP:…

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Filed under: News - @ March 28, 2025 3:21 pm