Bitcoin (BTC) has surged nearly 4% in the past 24 hours amid the ongoing volatility. As the price retests the $85,000 resistance, some analysts suggest a jump to $90,000 could be around the corner.
After more than four years, the US Securities and Exchange Commission is discontinuing its proceedings against Ripple in the XRP lawsuit. The announcement by CEO Brad Garlinghouse on X—stating “This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build”—has generated waves of optimism among XRP supporters.
Ark Invest’s Cathie Wood is one of the outspoken supporters of crypto and blockchain technology. As the CEO of Ark Invest, Wood has built her credentials as a certified “stock picker,” pushing Ark Innovation Fund to $23 billion in assets. In addition to her lucrative selections, Wood is a well-known industry analyst.
In her latest statement, Wood predicts that most memecoins will become “worthless” since these assets only rely on celebrity hype, with no real-life use cases.
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