Crypto Markets See Renewed Optimism from Lawsuit Win and SEC Backdown, But Uncertainty Looms from Reddit Changes and Hawkish Fed
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Bitcoin hitting $30,000 twice in one week and SEC dropping charges against Ripple executives has brought bullish sentiment.
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XRP jumped 10% on lawsuit win news but hasn't seen further gains, suggesting 'buy the rumor, sell the news'.
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Reddit discontinuing token tipping with MOON and DONUT causing some fear, uncertainty, doubt (FUD).
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Hawkish Fed stance concerning if crypto markets couple with S&P 500 again.
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Crypto currently trading with gold, so Fed news may not impact crypto prices unless cryptos couple with S&P 500.