America’s Impact on the Crypto Market – Bitcoin, Ripple, and Big Eyes Coin

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The United States of America is one of the greatest powers in the global economy and its decisions have a direct impact on the international financial markets, including the cryptocurrency market. This is because 20% of American citizens own cryptocurrencies and more than 70% of the states have enacted regulations concerning them. With over half of the population having knowledge of cryptocurrency, the US is one of the largest markets for potential investors.

Bitcoin is the first cryptocurrency to respond to decisions made by America. This is because it is the most common cryptocurrency traded against the US dollar and cannot remain unaffected by fluctuations in the dollar rate. In the past 30 days, the US has twice disrupted Bitcoin’s momentum, sending its price back to where it was a few months ago. For example, the Personal Consumption Expenditure Index, which measures inflation, was released on February 24 and sent the price of Bitcoin plunging from $24,500 to $23,000.

Ripple’s Tussle with the USA

Ripple is a blockchain-based digital payment platform that has been engaged in a legal battle with the US Securities and Exchange Commission for the past three years. The SEC accused Ripple of illegally selling its cryptocurrency XRP to investors without registering it as a security. Ripple, however, denied this claim, stating that the token should not be considered an investment contract as it is used in business to facilitate cross-border transactions between banks and financial institutions.

The case came as the crypto market was experiencing its biggest bull run in 2021, yet XRP remained at its bottom line due to the SEC lawsuit. Recently, Ripple’s CEO Brad Garlinghouse criticized the SEC’s approach towards the cryptocurrency industry, saying that America is not providing the right environment for the crypto market and lags behind other countries in terms of crypto adoption.

XRP is the sixth largest cryptocurrency by market capitalization, yet its price has been affected by the SEC lawsuit for the past three years. At the time of writing, XRP was trading at $0.387.

Big Eyes Coin Comes out on Top

The cat-themed meme coin Big Eyes Coin has been maintaining its stability despite the recent developments in the crypto world. It was launched in late 2022 and has been gaining more and more investors ever since. The coin has a clear road map that aims to shift wealth into the DeFi system and protect the ocean. As of writing, a single unit of BIG token costs $0.00049 and it has already raised over $31 million in its 12th stage of the presale.

To further encourage investors, Big Eyes Coin has released Loot Boxes at four different prices to make it affordable for everyone to participate. The special feature of these Loot Boxes is that the investors will not suffer any losses since they will receive BIG tokens worth equal to or more than the price of the loot box they open. There is also a vault pin for investors to earn free loot boxes. Those who spend more than $100 on BIG tokens will be rewarded with Loot Boxes.

Big Eyes Coin is an ideal choice for those who want to make a profit without being affected by market volatility.

More on Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL


WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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