Bitcoin fell on Tuesday following low volatility over the past few days, and traders expect it to fall further in the coming weeks. Ethereum was little changed, but Optimism’s operating profit rose 5% on the day. According to over-the-counter market maker B2C2, BTC has been favored by buyers over the past few weeks and could fall in the short term. Ed Goh, head of trading at B2C2, said: “Despite the fact that Bitcoin’s price has been within a narrow range between $42,000 and $43,500 for most of last week, the recent “Market observations indicate that Bitcoin is significantly favored by buyers.” “With no immediate news and the Ethereum launch completely over, some are predicting that Bitcoin’s short-term range could narrow in the coming weeks, especially as the Lunar New Year approaches. Matteo Bottachini, an analyst at Crypto Finance AG, said that given the current light macroeconomic situation, “a potential flash crash is a favorable buying opportunity, especially towards the $40,000 level.” “The decline is an opportunity,” he said.
new york judge ordered According to a court filing on Monday, Ripple Labs is required to produce certain financial statements and information regarding institutional sales of XRP tokens in response to a request from the U.S. Securities and Exchange Commission (SEC). The SEC’s request was made in early January and follows a pivotal ruling in a lawsuit accusing crypto companies of selling unregistered securities in the country. Judge Annalisa Torres’ ruling in July last year that only Ripple’s institutional sales of XRP violated U.S. law was hailed by the crypto industry as a victory for efforts to clarify how regulators treat digital assets. It was done. Ripple was found to be responsible for the violations before the lawsuit was filed in 2020, and the requested documents will allow Torres to determine whether the court should order an injunction or civil penalty in the period since then, and The SEC said in its report that it will help determine the amount where warranted. request.
Solana suffered The network’s system status page says a “major outage” occurred on Tuesday. “Solana mainnet beta is experiencing performance degradation and block progression is currently halted and core engineers and validators are actively investigating,” Solana validator Laine wrote on X It is stated in According to data from the Solana blockchain tracker, the block appears to have been last processed at 09:52 UTC. Solana’s SOL token has fallen over 4% to $93 in the past 24 hours, and fell 2% after this news surfaced. The outage comes nearly a year after the Solana network went down for nearly two days in April 2023.