Following a brief surge above the $67,000 level in the days after the BTC halving, the primary cryptocurrency has experienced a recent downturn. Over the weekend, it hovered around the $63,000-$64,000 range before dipping to its current mark of $62,000, as per CoinGecko’s data. This dip has adversely affected over-leveraged traders, triggering over $100 million in liquidations.

Despite this recent dip, numerous analysts remain optimistic about BTC's future prospects. The halving event, which slashed the rewards distributed to miners in half, has historically preceded major rallies in the entire crypto market, leading analysts to believe that BTC is poised for a substantial rally in the near future.

Shiba Inu Updates: Major Upgrades on the Horizon

Shiba Inu, the popular meme coin, recently made headlines with major upgrades to its layer-2 scaling solution, Shibarium. The team introduced a new user interface (UI) compatible with self-custody wallets like Coinbase Wallet, MetaMask, and Trust Wallet. Additionally, a key network update is scheduled for May 2 via an upcoming hard fork, aiming to improve user experience, enhance block processing times, and empower developers and innovators within the community.

The team emphasized their focus on smoothing out transaction fee variations during high traffic times, ensuring affordability and accessibility for all users.

XRP Rally Potential Amidst Legal Battle

Despite the ongoing trial between Ripple and the US Securities and Exchange Commission (SEC), XRP's price has been trading in the red, down 5% in a week and 20% in a month.

Many observers view the lawsuit's outcome as a pivotal factor that could spark a bull run for XRP, particularly in the event of a decisive victory for Ripple. With the company securing three partial court wins, some perceive the SEC as the underdog in the legal dispute.

While the timeline for the case's conclusion remains uncertain, speculation persists regarding the possibility of a $100 million settlement between the two parties, as suggested by American lawyer Jeremy Hogan.

As the crypto market continues to evolve amidst regulatory and technological developments, investors remain eager to see how these factors will impact the future trajectory of BTC, Shiba Inu, XRP, and other digital assets.