Crypto Market Today: Bitcoin's 7% Dip, Ripple's Bold Move, and SEC's New Direction

Key Insights:

• Bitcoin corrects 7% from his historic $103k ATH amid a slight profit booking.

• Ripple launches RLUSD on Ethereum to bring liquidity and prominence to RWA markets.

• Sandbox and Worldcoin emerge as a top revival candidate, surging to $4.

• The SEC could soon take a backseat from its crypto crackdown mode and focus more on its traditional work.

Major Shakeups in Crypto Markets Today

Bitcoin has corrected 7% from its ATH of $103k and could continue consolidating near $97k. However, a fall to $90k seems unlikely in this situation. We also saw Bitcoin's market dominance fall from 55.9% to $53.8% in the last 24 hours.

Ethereum seems to be on the verge of a breakout, potentially reaching $4500 levels this weekend. The current surge in the altcoin markets could lend major support to Ethereum and other major altcoins. Ethereum's market dominance increased from 12.5% to 13% within the last 24 hours.

After reaching a level of $2.33, with a 50% weekly gain, XRP seems to have paused and consolidated. Meanwhile, Ripple launched the RLUSD stablecoin on Ethereum.

Solana is ready for another rally. The crypto is at the $240 level but could move beyond its new ATH of $263 anytime soon. This year, it could also see its ETF arriving.

Dogecoin could emerge as the new pick for a grand rally in 2025. The crypto has reached close to its highest point in 2024 ($0.47) and, at press time, is trading around $0.44.

Overall, memecoins have captured a significant share of gains in the latest bull run. The top gainers were DOGE, SHIB, PEPE, WIF, and BRETT.

Top Crypto News

Ripple has gone ahead with the soft launch of its stablecoin RLUSD, which is expected to be a major player in bringing Ripple to the forefront of RWA markets. Further, RLUSD could bring much-needed liquidity into the XRPL blockchain.

The SEC could soon take a backseat and revert back to its traditional role in crypto markets after the appointment of the new chief. Reportedly, former SEC chief (during the Bush administration) Paul Atkins has been handpicked by Donald Trump to lead the regulatory body. On the sidelines, we could see the end or neutralization of the Ripple v/s SEC case.

Touted as the pro-crypto President of South Korea, Yoon could be impeached after a failed martial law imposition. The president imposed martial law in his country after the protestors allegedly went "out of control," but the parliament repealed the law on the same day.

Huge Revival Potential for Sandbox and Worldcoin

Sandbox and Worldcoin are the top candidates for a revival-based investment idea.

SAND has gained 267% in the last month and is $0.92. After a huge bearish phase, it could soon break $1 and establish its dominion.

On a similar side, Worldcoin's consistent developmental efforts have resulted in a project that has now emerged from its shadows and formed new partnerships. After being adopted by the Malaysian government, it saw its fortunes revive and, at press time, has reached a level of $4.

Earlier this year, we saw WLD to crash below $2, a level which erased all of its past year gains.

In the next few weeks, we may see a revival of WLD and a possible rally till $11.

ETF Market Outlook

Bitcoin ETFs were mostly net gainers yesterday, with $750 million in net inflows. BlackRock's IBIT emerged as the largest gainer with $751 million while Grayscale's GBTC saw an outflow of $148 million. Bitcoin ETF markets have been seeing large net inflows since 27 November 2024.

Ethereum ETFs too have become net gainers and have been more consistent in retaining inflows than Bitcoin ETFs. Yesterday, the net gains b the Ethereum ETFs were $428 million, a level that is very close to Bitcoin ETFs.

The surge in these inflows has pointed out a major rally potential for Ethereum, which may cross $4000 anytime and reach up to $4500 by the end of this week.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.