- Crypto lawyer John Deaton shared on Twitter that he expected more from XRP after its lawsuit with the SEC.
- Additionally, Deaton was also disappointed with BTC’s price performance over the past day as it only climbed by about 5%.
- Both XRP and BTC saw their prices increase by more than 3% throughout the past 24 hours.
Ripple (XRP) and Bitcoin (BTC) have not performed as well as expected, according to a Twitter post shared by lawyer and cryptocurrency enthusiast John E Deaton earlier today. In his post, the lawyer stated that he believed XRP would reach $1 after its victory over the SEC in their very public court case.
Most XRP supporters and Deaton were disappointed when this was not the case. Additionally, the BTC enthusiast expressed his beliefs that the price of the cryptocurrency king would climb by at least 10%-15% after the latest SEC drama against Grayscale.
The U.S. District of Columbia Court of Appeals issued a verdict yesterday, stating that the SEC’s decision to decline Grayscale’s request to transform its GBTC fund into a Bitcoin ETF was incorrect. Additionally, in the upcoming week, the SEC has impending deadlines to make decisions about seven BTC ETFs.
Although BTC’s price did experience a more than 5% jump over the past 24 hours of trading, this latest news was not enough to push the market leader’s price up 10% as expected by Deaton and most cryptocurrency fans. At press time, BTC was trading at $27,438.52 according to CoinMarketCap, which was right below its daily peak of $27,760.16.
Along with BTC’s price surge over the past day, its 24-hour trading volume climbed by more than 180%, which left it standing at $31.04 billion. Additionally, the token’s 24-hour success pushed its weekly performance back into the green zone to +5.28%.
As the price of BTC climbed, altcoins like XRP also saw their prices starting to climb as well. CoinMarketCap indicated that XRP was worth $0.5323 after its price rose by 3% throughout the past day. This also pushed the remittance token’s performance over the past seven days back up to +2.74%.
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