XRP News Today: Gensler’s Crypto Stance and Ripple Case Impact; BTC Visits $91K
Explore our expert analysis here on the SEC’s next move and its implications for XRP’s future.
Bitcoin Struggles Amid Fed Concerns
Meanwhile, bitcoin (BTC) extended its losing streak amid fears of a more hawkish Fed rate path. Fed jitters contributed to BTC’s pullback from the December 17 all-time high of $108,231.
This week, US labor market and services sector data reflected a robust US economy, reducing bets on an H1 2025 Fed rate cut. BTC responded, falling from a January 7 high of $102,668 to a January 9 low of $91.298.
Friday’s US Jobs Report could dictate the Fed’s near-term rate path and BTC’s price trajectory. A pickup in average hourly wages and lower unemployment could delay a Fed rate cut…
