Bitcoin's (CRYPTO:BTC) price has dipped back toward the critical $60,000 level, trading at $60,700 after a 3% drop on the day and a 1.4% decrease over the week.

Despite this downturn, XRP (CRYPTO:XRP) has remained strong, trading in the green due to a positive update in the ongoing Ripple vs. SEC case.

Ripple Labs cited a recent ruling in favor of Binance, arguing it supports their defense.

Most large-cap altcoins, including Ethereum (CRYPTO:ETH), BNB (CRYPTO:BNB), and SOL (CRYPTO:SOL), are in the red.

The market is closely watching to see if Bitcoin can hold above $60,000 or if further declines are imminent.