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XRP Price Nears $0.60 as Ripple vs. SEC Lawsuit Enters Critical Phase As the legal showdown between Ripple vs SEC reaches a critical juncture, the crypto market braces for potential aftershocks. With the lawsuit advancing into the pivotal “remedies” phase, investors and stakeholders eagerly await developments that could shape the future trajectory of the case and influence broader regulatory dynamics. The latest update reveals Ripple’s XRP rose to $0.5741 today, moving closer to its $0.60 target amid growing anticipation of the SEC v. Ripple legal battle. However, the key financial and operational facts stay secret until February 20, 2024, as the litigation progresses. Today, February 20th marks the crucial date in the Ripple vs SEC case, with Ripple poised to reveal its financial records and respond to the SEC’s interrogatories. The delay in remedies-related discovery, granted by Magistrate Judge .

Ethereum gas fees hit $84M last week, thanks to the ERC-404 hype An average ERC-404 transaction required three times the gas required for an average NFT transaction. Transaction costs on Ethereum [ETH] rose to a 9-month high, spurred largely by the hype in the experimental token standard ERC-404. As per on-chain analytics firm IntoTheBlock, the network collected a total of $84 million in gas fees the past week, marking a 61.5% jump from the week before. In fact, average gas price paid per transaction bounced to 71 Gwei on the 9th of February, according to AMBCrypto’s analysis of Glassnode’s data. Such levels were last seen during the May 2o23 memecoin frenzy that saw the emergence of Pepe [PEPE] token. Source: Glassnode The spike came in the days following the launch of the first functional ERC-404 project, Pandora, which has seen extensive demand lately. As of this writing, the Pandora token was .

The price of PNUT/USDT could see a 300% rally if it breaks above $1.6034, according to analyst Rose Premium. The cryptocurrency is currently trading at $0.6760, and technical charts suggest a bullish setup with a potential move toward $3.0491. Rose Pre highlights that this breakout is essential for confirming the trend, making $1.6034 a critical resistance level to watch closely. Traders should also consider a stop-loss level of $0.5516 to minimize risks while waiting for the breakout. This ensures that potential losses are controlled while targeting the higher price range. Monitoring the breakout point is key to identifying whether the price is ready to move upward toward the projected target. $1.6034: A Pivotal Resistance Zone for PNUT PNUT is forming a falling wedge pattern, which is often seen as a bullish signal in technical analysis. Rose Pre has identified $1.6034 as the pivotal resistance level, and a clear breakout above this level could spark a significant rally. The chart shows that Fibonacci retracement levels support the structure, with the 0.618 retracement acting as a consolidation zone. Traders are advised to enter positions only after the price breaks through $1.6034 to reduce risks from potential false signals. A confirmed breakout at this level could bring substantial buying interest into PNUT, pushing the price closer to the $3.0491 target. Watching this critical resistance is important for traders aiming to capitalize on the bullish trend. Targeting $3.0491 With Risk Management in Place If PNUT breaks above $1.6034, its price could rise sharply to $3.0491, delivering a potential 300% return for traders. Historically, falling wedge patterns like this have triggered large price increases when confirmed, giving PNUT significant upside potential. Traders should implement proper risk management by setting stop-loss orders at $0.5516 to protect their positions. This ensures that losses remain limited while allowing room for gains. Additionally, retracement levels such as 0.618 and 0.786 may act as interim supports during upward price corrections. Rose Premium’s analysis indicates that PNUT has strong momentum, but traders must remain cautious and rely on clear signals. Waiting for confirmation reduces risks and helps align trades with the projected upward trend. PNUT provides an exciting opportunity for traders who are prepared to act decisively.

Bitcoin’s fall below the $100,000 mark shifted the investors’ focus to altcoins, veteran traders say. For the altseason to fully kick in, over 75% of the leading 50 digital assets would have to outperform Bitcoin. At this point, Bitcoin has a market dominance of 53.1% with a market cap of $1.94 trillion. The altcoin market cap dropped from $1.89 trillion on Dec. 9 to $1.68 trillion today amid the market-wide correction, according to data from CoinGecko. He pointed out that Bitcoin’s current price movements look similar to December 2023 as the global crypto market cap rose from $1.7 trillion to $2.9 trillion within three monthsMilky Bull believes the altseason will last until March 2025 before a major correction happens. According to data provided by Blockchain Center, the altcoin season index is currently hovering at 65. The indicator suggests that investors are currently more interested in altcoins rather than Bitcoin.Data shows that 64% of the top 50 cryptocurrencies, excluding stablecoins and asset-backed tokens, have outperformed Bitcoin over the last 90 days.

$201,000,000,000 Piled Onto US National Debt in One Month As Black Swan Author Warns America Facing Financial ‘Death Spiral’ Black Swan author Nassim Taleb says at this point, it will take a miracle for the US government to avoid falling into a deadly debt spiral. Taleb’s warnings come as another $201 billion was added to the US national debt in just one month. According to new data from the Treasury, the US national debt rose from $33.990 trillion at the start of January to $34.191 trillion at the end of the month. Speaking at an event for Universa Investments – a hedge fund specialized in preparing for sharp market downturns – Taleb says Congress is avoiding addressing the growing fiscal deficit because it fears the consequences, Bloomberg reports. “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the consequences of doing the right thing,