Bitcoin , Ether , Dip ; Post US Debt Ceiling

Bitcoin and other top cryptocurrencies experienced losses in Tuesday’s Asian Trading,

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with Bitcoin falling due to profit Bitcoin Falling due to profit taking after Monday’s gains.

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However, XRP defied the trend and rose amidst speculation that

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it is undervalued considertin positive developments in Ripple Labs’s lawsuit in the U.S.

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Stock futures in the U.S. saw an upward movement as president

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Biden and House speaker McCarthy agreed to raise the government’s debt celling

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This agreement broutht optimism to ivestors

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but also raised concerns about inflation concerns about inflation and potential interest rate hikes.

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Despite the dip , Bitcoin still showed a 2.95% increase for the week,

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reaching a peak of US$28,300 on Monday morning in Asia.

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Additionally , XRP witnessed gains over the past 24 hours and week,

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boosted by revelations in the infamous lawsuit against the firm.

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According to pro Ripple attorney john Deaton,

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internal documents form the SEC may support Ripple’s case,

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Potentially leading to futher price increases for XRP.

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