Summer 2024 has been worthy for two previous panicky declines, the first of which occurred as the U.S. was enjoying its July 4 break. The catalyst for that selloff was a German direction entity moving to begin selling the first of its 50,000 bitcoins which had been seized as part of a criminal inquiry. The second major tumble was just about two weeks ago, when what seemed like a benign rate hike by the Bank of Japan triggered a universal plunge in equity markets that spread to all risk assets, crypto included.
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XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms
In December 2020, the SEC filed a lawsuit against Riffle Labs, accusing the company of …