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₿itcoin reached $38,790.

♢Ethereum reached $2,208.

What we will talk about today...

🔄📉Bitcoin Falls Below $39,000 After ETF Launches.

🚀🤔 Ripple vs. SEC: Fight Over XRP Gets More Intense.

💢🤑 BRICS Growing Threatens U.S. Power.

Bitcoin’s Fall, Bitcoin on its way to $38,000

bitcoin fell below the $39,000 level, a sad moment in its story. The result of ETF share sales made a shadow, causing a 4.3% dip from yesterday and a big 9% drop from last week. The price of Bitcoin also affects related tokens, with ORDI and SATS going down 12% and 16% since Monday. These tokens, linked to Ordinals and the satoshi unit, show the creative change started by the Bitcoin network’s Taproot update.

Effects on Other Coins

As Bitcoin rests, the effect spreads to other coins. Solana (SOL) deals with a 9% fall, while Optimism (OP) and Avalanche (AVAX) each see a 10% fall since the day before. The connected dance of prices shows, revealing the complex pattern of the crypto market.

💸 The Grayscale Problem

A key player in this drama is the Grayscale Bitcoin Trust (GBTC), holding assets worth $28 billion on January 10. The SEC’s yes to 11 ETFs made a quick change, leading to $6 billion worth of sales by Tuesday morning. As GBTC loses its shares, Bitcoin faces a lot of selling pressure, pulling the global crypto market value to $1.65 trillion—the lowest since the year started.

🔄 A Story of Change

GBTC, once different, becomes a sign of change as it moves from a closed fund with lockup limits to a spot Bitcoin ETF. This change affects the balance, causing a back-and-forth effect in the wider crypto scene. While one fund faces losses, others like the iShares Bitcoin Trust (IBIT) take the chance, getting over $1 billion in assets in a week.

🚀 Flying in the Crypto Sky

As we see Bitcoin’s fall and rise, the crypto story keeps changing. The story of ETFs, sales, and market forces makes a pattern of doubt and chance. Stay with us as the crypto ride goes on its journey through ups and downs, making the future of digital money.

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Ripple vs. SEC

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are still in a legal battle over XRP. Ripple is not giving up against the regulator’s new actions about XRP. It’s a tough fight, and Ripple is not backing down.

👊 Ripple’s Strong Opposition

The SEC wants more information about XRP, but Ripple says no. In a letter to Judge Sarah Netburn, Ripple clearly says no to the SEC’s requests. The pressure is high, and so are the risks.

🕒Late Demands

Ripple fights back, saying the SEC’s requests are “late.” The lawyers say that the SEC had its time during the discovery phase and missed it. Now, Ripple says, there’s no good reason for this new demand. The fight is not just about information; it’s about timing and fairness.

❓ The Merits Question

The SEC’s demands are checked. Ripple says that the requests have no merit and are not related to the court’s decision of remedies. The legal battle gets harder as Ripple questions the SEC’s attempt to skip a full hearing and important facts.

⚖️ Reminders of Past Rulings

Ripple brings up the past, mentioning Judge Analisa Torres’ ruling from July 13, 2023. The ruling looked at Ripple’s XRP sales, saying some were not investment contracts. But the fight changes as the SEC wants more, asking for details that Ripple thinks are not needed and hard to get.

🤯 Ripple’s Stand

In the middle of the legal words and moves, Ripple takes a stand. It says that the SEC’s requests are too much and not fair, especially after the discovery phase ended. Ripple does not let the SEC control the story, saying that the financial information they want does not affect the penalties Ripple may get.

🚫 A Hard Standoff

As the court drama goes on, the tension grows. Ripple’s resistance shows in its legal answer, going against the SEC’s moves. The future is unclear, but one thing is clear—Ripple is not a quiet player in this big legal fight.

BRICS Growing Threatens U.S. Power

The world is changing fast, and Florida Senator Marco Rubio has a warning. The big group called BRICS, with Brazil, Russia, India, China, South Africa, and more, is getting more powerful. Rubio’s worry? This could hurt the U.S.-led money system.

🌐 The BRICS Giant Grows

The BRICS group adds new members, like Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran. Rubio is alarmed. He thinks this makes BRICS a good option to the American and European money order.

💡 The Effect of Options

Rubio talks about the results. If BRICS keeps growing, he says, the U.S. could lose its power to use sanctions—a tool it often uses. BRICS may make countries move away from the U.S. dollar and sanctions.

Rubio says:

“With current trends, stopping international violence and oppression with sanctions will be hard for the United States.”

🌍 BRICS vs. G7

BRICS started in 2009 and became a big player, beating the G7 in GDP, using purchasing power. Rubio’s worry grows as he sees the politics in Argentina. The rise of libertarian Javier Milei, who says no to BRICS, shows a fight over power.

🤝 Need for Friends

Rubio calls for smart friends. He wants the Biden administration to work with Argentina, knowing that friends are important in a world where they are rare. The risks are high, and Rubio says we need to act.

🔚  A Hard Balance

As the story goes on, the question stays: Can the U.S. keep its power in a world where other powers are growing? Rubio’s alert is a call to action, asking policymakers to do the hard balance of diplomacy to keep friends in a changing world.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎