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Price Analysis
The current crypto bull run has been spearheaded by Bitcoin (BTC). As the United States Securities and Exchange Commission has previously hinted that Bitcoin is not a security, the regulator’s current lawsuit against Ripple is unlikely to stop the institutional inflow of money into Bitcoin.
However, a few altcoins that may be at risk of facing a similar fate as Ripple could face selling pressure. Due to a change in sentiment, retail investors may sell some of their altcoin holdings and shift to Bitcoin.
Even retail investors who plan to spend their stimulus checks for buying crypto-assets may prefer Bitcoin over altcoins. So, while XRP faces selling pressure, the lawsuit may prove to be bullish for Bitcoin.