© Reuters.
Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase (NASDAQ:).
In another positive event for the crypto space, the (DXY) completed a bearish head-and-shoulders pattern on July 12 and followed that up with a drop below the psychological level of 100 on July 13. The DXY typically moves in inverse correlation with (BTC); hence its weakness is a positive sign for the crypto bulls.
This story originally appeared on Investing
