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Bitcoin Weakness and XRP Bank Win
Bitcoin is trading below $80,000, below its 50-day average, indicating potential weakness. The Ontario-based firm Secure Digital Markets expects BTC to fall further below $80,000. In contrast, Ripple's bank win is expected to bolster XRP, but the cryptocurrency has lost 0.5% since midnight UTC. Analysts at Marex note that the charter does not require XRP purchases, with XRP funding at 0.81bp and dollar OI up 3.1%.