Bitcoin keeps struggling despite the industry’s major legal wins
Its inability to sustain this rally leaves investors and analysts questioning what it will take for the digital currency to break new ground.
According to data from CoinGecko, the cryptocurrency briefly touched $28,000 post-ruling but has sinceOptimism was high among industry watchers prior to the ruling, with some expecting a more significant price bump. “I thought Bitcoin would experience a 10-15% green candle with a great court ruling,” said John Deaton, an attorney friendly to Ripple and XRP.
It remains to be seen whether new developments within the crypto ETF space will push the price higher.
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