XRP News today: Legal battles and market fluctuation – what is the following for XRP? BTC in 98 thousand dollars

Excellent Analysis: How will the next SEC move the future XRP? Read more here.

Bitcoin faces pressure amid commercial tensions between the United States of China

While the markets look at SEC opportunities withdraw their appeal, Bitcoin (Bitcoin (BTCIt also faced the sale of pressure with China’s retaliation to American definitions. China has imposed 15 % duties on coal, praised engineering, 10 % of customs tariffs on crude oil, agricultural equipment, large displacement vehicles, and captured trucks. In addition, Beijing announced the achievement of the fight against Google.

China’s decision to take revenge instead of negotiating fears of the Chinese -Chinese -Chinese trade war. The US tariffs of the United States can drive import rates in the United States and inflame them up, which may force the Federal Reserve to a honesty policy position. High interest rates may affect the demand for the most dangerous assets such as BTC.

The ETF market in the United States sees BTC-Spot flows amid Bitcoin strategic spare talks

While BTC is heading to a decrease in the growing tensions between the United States and China, the ETF eyes in the United States BTC-Spot. Us Crypto Czar David Sacks confirmed that the presidential work group on digital assets will explore the possibility of Bitcoin reserves. However, he warned that the evaluation process remains in its early stages.

Despite the pressures related to trade, ETF flows indicate the interest of the continuous investor. US hopes Bitcoin strategic reserves (SBR) remains BTC Tailwind, which enhances the demand for i-phot it. According to Farside Investors, ETF SHIPOWS included February 4:

• Ark 21shares Bitcoin Etf (ARKB) Net flows of $ 56.1 million.
• Bitcoin’s gray confidence (GBTCI mentioned net flows from 19.5 million dollars.
• Bitco Bitcoin Etf (BitbShe witnessed net flows of $ 16.1 million.

Except Blackrock (BLK(Ishares Bitcoin Trust)IbitThe ETF market in the United States, BTC-SPOT, has seen the total net flow of $ 91.7 million.

Bitcoin price expectations

On Tuesday, February 4, BTC decreased by 3.54 %, partially reflected a profit of 3.78 %, closing 97,979 dollars.

The direction of the near-term price of BTC has been dependent on multiple factors, including US-Chinese tensions, SBR news, FBI and ETF flows in the United States BTC-SPOT.

On Wednesday, February 5, ISM and ADP recruitment data can affect the Federal Reserve Path. The best numbers of expected will support a more honest federal reserve policy, which may affect the BTC demand.

Possible BTC scenarios:

• A declining issue: increasing commercial tensions can wander, nutrition nutrition, and suspended SBR discussions to less than $ 90,000.
• The upscale issue: The removal of commercial risks to installation, the application of more occurrence, and the increase of political support for SBR can push BTC to the highest level ever at $ 109,312.