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XRP News Today: Ripple and SEC File Motion Before Key Court Deadline; BTC Slides

cryptonews100_tggfrn by cryptonews100_tggfrn
June 13, 2025
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XRPUSD – Day by day Chart – 130625

For a deeper dive, see our full XRP forecast here.

Bitcoin Tumbles as Geopolitical Tensions Take a look at Digital Gold Principle

Whereas XRP dropped for a 3rd consecutive session, bitcoin (BTC) prolonged its losses from the earlier session.

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Softer US core producer value and weaker-than-expected US jobless claims raised Fed price minimize bets, initially boosting BTC demand on June 12. BTC recovered from $106,607 to strike $108,508 earlier than reversing as reviews of Israel’s strike emerged.

News of Israel finishing up army strikes on Iran triggered a flight to security, sending BTC and the broader crypto market deep into damaging territory.

Gold costs climbed 0.93% to shut at $3,386 on June 12 and prolonged its features into June 13. In distinction, BTC dropped 2.17% in early buying and selling, renewing questions over its standing as digital gold. Bitcoin critic Peter Schiff, Chief Economist and World Strategist at Euro Pacific Asset Administration, remarked:

“In response to Israel launching an airstrike towards Iran, gold is up one other $24 in early Asian buying and selling, again above $3,410. Bitcoin, alternatively, simply tanked under $104.5K. Priced in gold, Bitcoin is now greater than 15% under its Nov. 2021 peak.”



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