This week, the crypto market experienced both ups and downs. Bitcoin continues to recover from significant losses, while Ripple celebrates a major legal victory.
Bitcoin: Correction and Recovery
On March 11, Bitcoin hit a four-month low of $76,600, but soon rebounded 14%, still 25% below its all-time high of $110,000. Analysts warn of potential further declines, citing bearish signals.
Ripple and SEC: Conclusion
Ripple celebrates the SEC's decision to drop its appeal, ending a four-year legal battle. While this is a victory for Ripple, it leaves the broader crypto landscape unclear.
Major Crypto Events of the Week
From March 16 to 22, 2024, the cryptocurrency industry saw numerous significant developments, from US stablecoin legislation to changes in the Tornado Cash sanctions list.
Cryptocurrencies remain at the forefront of discussion, with numerous developments and changes. These events highlight the dynamic and volatile nature of the crypto market.
