Biggest Crypto Gainers Today on Uniswap – IO, MBX, BXBT

cryptonews.com:

Bitcoin (BTC) is consolidating above $35,000 at the start of the week as traders take stock of recent dovish US macro developments (last week’s weak US jobs and manufacturing PMI data, plus Fed Chair Jerome Powell’s unconvincing attempt trying to convince the market that more rate hikes may lay ahead), which some think could power the next leg higher in the BTC price.

Indeed, US equity and bond prices saw a strong pump last week, while the US dollar weakened, macro trends which tend to strongly support the BTC price.

While profit-taking in wake of Bitcoin (BTC)’s massive October pump seems to be capping the upside for now, various major altcoins are performing well, suggestive that sentiment in the broader crypto market remains bullish.

XRP (XRP) is up around 16% in two days and back above $0.70, its highest level since late July and eyeing a test of annual highs in the $0.90s in wake of another legal loss for the SEC in its case versus XRP issuer Ripple Labs last week.

As per Ripple Labs Chief Legal Officer Stuart Alderoty, a 2d Circuit in SEC v Govil held that the SEC can’t ask for a crippling disgorgement award without first proving that “investors” suffered actual financial harm.

Another loss this week for the SEC – the streak continues. The 2d Circuit in SEC v Govil held that the SEC can’t ask for a crippling disgorgement award w/o first proving that “investors” suffered actual financial harm. In other words, no harm, no foul.

— Stuart Alderoty (@s_alderoty) November 3, 2023

Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), Shiba Inu (SHIB) and BNB (BNB) are also all performing well, up 4-5% respectively in the past 24 hours, as per CoinMarketCap.

While sentiment in the blue-chip crypto markets remains