The crypto markets are still dominated by fear, according to the speaker Lark. He mentions that there is a lot of caution in the stock markets, and this is also reflected in the crypto markets. Lark says that some analysts are warning that the S&P 500 could correct to 5,000 before investors should start buying the dip.
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Lark also discusses the news around the XRP lawsuit, which has finally been settled. The judge ordered Ripple to pay a $125 million civil penalty, and the SEC case is now closed. Lark is bullish on XRP and believes that this news is a win for XRP holders.
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When it comes to Bitcoin, Lark says that he's watching for a few key indicators to determine if the market is starting to build strength again. He's looking for Bitcoin to reclaim the 200-day exponential moving average and for the MACD to show a bullish crossover.
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Lark also discusses the recent performance of Solana, which has been one of the best-performing cryptocurrencies this cycle. He's impressed by Solana's strength and believes that it's been a huge winner.
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However, he cautions that the market can be unpredictable, and investors should be careful about getting too euphoric when the markets start pumping again.
Overall, Lark seems to be taking a cautious approach to the current market conditions, but he remains optimistic about the long-term potential of the crypto market.
