BRICS, short for Brazil, Russia, India, and, China and South Africa is on course to add new members to the group after the countries expressed interest to join the world economies. This comes amid the de-dollarization effort, as nations strive to come out from underneath the dollar (USD) influence.
Bitcoin (BTC) price takes the weight of a market devoid of volatility, displaying a rather dull price action on the daily timeframe. The outlook is similar for the Ethereum (ETH) price and Ripple (XRP) price, which continue to suffer from the effects of a declining BTC.
The SEC vs. Ripple lawsuit that began in late 2020 reached a conclusion in July 2023, which proved costly for the regulator. The judge involved in the lawsuit gave Ripple a partial victory, which is now under question and could be overturned. The outcome of the SEC vs. Ripple lawsuit ensured that the community of XRP holders is in the safe zone, with regards to their trades across exchange platforms. The recent proceedings in the SEC vs. Terraform Labs case raised questions on the SEC vs. Ripple victory.
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