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Crypto expert Rekt Capital recently discussed the altcoin season and provided an analysis which showed why the $425 billion market cap level is important. Meanwhile, Mags, another crypto expert, provided some insights into when the next altseason could occur. 

Why The $425 Billion Level Is Important For AltSeason

In an X post, Rekt Capital highlighted the $425 billion level and provided insights into why this level may be critical in determining if there is another altcoin season. The analyst noted that the alt market cap has indeed rejected from this $425 billion level. However, he added some positives indicating that the market cap could soon break past this level.

The analyst remarked that although the altcoin market cap rejected very strongly, the retrace is much shallower than the previous 69% and 85% corrections. Rekt Capital added that this is an important sign that the $425 billion level is weakening as a point of rejection. As such, there is the likelihood that this level could soon flip into support, paving the way for an altseason to happen. 

This altcoin season is known to be a period in which most other coins outperform the Bitcoin price, with the flagship crypto consolidating during this period. Crypto analyst CryptoGoos also recently suggested that the altseason could be imminent. In an X post, the analyst noted that Bitcoin’s dominance just hit its highest daily candle close since 2021. 

The analyst then remarked that history is repeating itself as the altseason tends to come next whenever Bitcoin’s dominance tops. BTC’s dominance is currently just over 61%. In the last cycle, it topped at around 705 before the altcoin season kicked off. 

Insight Into The Altcoin Season Index

Crypto analyst Mags provided some insights into when the altcoin season could begin. First, he noted that the altcoin season index has two key zones: Bitcoin season, when the index is below 25, and altcoin season, when it is above 75. He further noted that the index peaked on December 7, 2024. Since then, alts have massively declined.

Mags then alluded to historical trends, noting that when the index falls below 25, it spends a few weeks or even months below that level before bottoming out and bouncing back above 75 for an altseason. Based on historical data, the analyst remarked that the index has entered Bitcoin season seven out of nine times between Q2 and Q3, and typically peaks in just a few months after the bounce. 

Mags assured that if history repeats itself, there could soon be a strong altcoin rally. Based on the four-year cycle, he remarked that this next rally might be the last one before the bear market begins.

Featured image from Adobe Stock, chart from Tradingview.com

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As the crypto community holds its breath, anticipation is building around the imminent settlement of the XRP lawsuit. Recent insights from legal expert Fred Rispoli suggest that the resolution may be closer than expected. As the market eagerly awaits the resolution of the Ripple-SEC case, Rispoli’s comments have sparked widespread speculation regarding the potential outcomes.

XRP Lawsuit: Why the SEC’s Delay Isn’t a Pivotal Issue?

Lawyer Fred Rispoli is downplaying the role of the US Securities and Exchange Commission’s (SEC) delay in resolving the XRP lawsuit. Despite many considering the delay a major obstacle, Rispoli believes the case’s resolution is simpler than anticipated. Rispoli stated, “I just don’t see this being the big issue some are making it out to be…it’s unorthodox, but not difficult.”

Significantly, Rispoli’s comments suggest that the SEC’s delay may not be a critical factor in the XRP lawsuit as many believe. He urges the community to shift the focus from the delay to the potential outcomes and implications of the lawsuit’s resolution.

Previously, Rispoli dismissed discussions surrounding the SEC’s delay, deeming them unnecessary. He also addressed the SEC’s excuses as cowardly.

Key Considerations Regarding Torres’ Order: Lawyer’s Insights

According to lawyer Fred Rispoli, the delay in the Ripple-SEC case isn’t a significant issue. This sentiment is echoed in his statement that the SEC will handle Judge Torres’ enforcement order, not the judge herself.

In addition, Rispoli shared insights on the Ripple and SEC’s possible move to jointly file a motion to vacate the judgment. The lawyer deems this as the “cleanest way” to dismiss the XRP lawsuit. This approach involves the SEC and Ripple agreeing to vacate the judgment in exchange for Ripple dropping its appeal.

Recently, an XRP advocacy platform, All Things XRP, shared five possible outcomes of the Ripple lawsuit. The potential outcomes include withdrawal of the SEC’s appeal, reduction of Ripple’s penalty, reversal of the court decision, lifting of the injunction, and complete closure of the case by the SEC.

SEC’s Flexibility in Resolving Ripple Case

Further, Rispoli shed light on the SEC’s flexibility to resolve the XRP lawsuit without vacating the order. The regulator can bypass vacating the order by drafting a settlement agreement with Ripple, agreeing not to enforce the judgment in exchange for Ripple dropping its appeal.

Interestingly, the SEC Enforcement Manual prioritizes cooperation and settlement over litigation. This provides a framework for the regulator’s actions. However, the agency has historically exercised its discretion, sometimes bypassing due process. In this case, the agency’s flexibility could facilitate a fair outcome for the Ripple lawsuit, stated Rispoli.

Rispoli’s comment comes in response to Fox Business journalist Eleanor Terrett’s report on an imminent XRP lawsuit settlement.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.