Ripple, the Federal Reserve and Plan B steal the show

Slowly but surely there are more and more signs that the world encryption back in one bull market receipt. There were also positive signs last week, but there were also signs that could at least indicate a correction.

ripple Goes on the defensive

One company that appears to be a leading force in the current market conditions is Ripple. HandIt appears that his lawsuit against the US Securities and Exchange Commission (SEC) is slowly drawing to a close.

Last week, Ripple used the decision of the lawsuit filed against Voyager in We are case with the SEC. The judge found that the Voyager token was not an unregistered security at all, and was even shocked by the SEC’s opinion. The latter has used this VGX token issuance as an argument why Binance’s acquisition of Voyager could not move forward.

However, the debate over whether XRP is a security is exactly why Ripple has been sued. Therefore, Ripple has now been able to use the judge’s decision in the Voyager v. SEC case.

Inflation is still high

Meanwhile, fresh inflation data was released, with data from the US still an important indicator for the market. Headline inflation in the US fell slightly last March, but core inflation actually rose. Bitcoin (BTC) wasn’t quite sure how it wanted to go after the news.

But the Fed still seems to want inflation back to 2%, which it is by no means close to. Despite the fact that many banks in the US seem to be in trouble, it is therefore possible that they will continue to raise interest rates. Rising interest rates have a slowing effect on the economy, as it becomes less attractive to borrow money.

The hard line may apply not only to the United States, but also to Europe. The head of the Belgian Central Bank believes that the European Central Bank (ECB) will also continue to raise interest rates.

Plan B: Bitcoin is back on track

Bitcoin has skyrocketed recently amid the news surrounding the banking crisis. Dutch analyst Plan B believes that this signals the beginning of a new bull market. The Bitcoin price is also approaching the halving, and he believes that this will be an important growth factor. Not long ago, many people were convinced that his stock-to-flow model was no longer accurate. Now the form appears to be correct again.