Bitcoin Dips, XRP Rallies: Market Update (July 3rd)

The Bitcoin price has fallen back towards $60,000, erasing gains from earlier in the week. The bearish sentiment is evident as the price dropped significantly on July 3rd, finding some support at the current level. It's unclear if this support will hold or if Bitcoin will dip below the critical $60,000 mark. Meanwhile, most major altcoins are trading in the red, including Ethereum, BNB, SOL, DOGE, and PEPE. However, XRP stands out as a positive outlier, driven by a recent update in the Ripple vs. SEC case. Ripple cited a favorable ruling for Binance in its case against the SEC, attempting to use it as support for its own argument. The outcome of this case could significantly impact XRP's future.