The Crypto Market Turns Green

The crypto market is experiencing a great day following Ripple's victory in its legal dispute with the U.S. Securities and Exchange Commission (SEC).

The crypto market is having a great day following the victory of Ripple in its legal dispute with the U.S. Securities and Exchange Commission (SEC). The favorable ruling has created a very optimistic environment, driving several cryptocurrencies, particularly Bitcoin, Ethereum, and XRP.

Among the main cryptocurrencies, Bitcoin (BTC) has been one of the main beneficiaries of the surge. Its price has risen significantly, reaching $84,500 after registering a 3.2% increase in the last 24 hours.

For its part, Ethereum (ETH) is also showing excellent performance. The price of ETH broke the $2,000 barrier, reaching $2,038 in the last 24 hours, marking an increase of nearly 8%. The rise in ETH is mainly linked to expectations surrounding the Pectra upgrade, which is expected to improve the functionality of the Ethereum network.

As for XRP, which had already shown a 13% increase over the past week, it continued its ascent, currently trading around $2.50, with an 11.7% increase in the last 24 hours.

The victory of Ripple has been crucial in restoring confidence in its token, with investors starting to rush in and bet on XRP once again.

As for the rest of the market, notably BNB (BNB) is down, trading at $611 per unit and registering a loss of 3.4% in the last day.

Solana (SOL), for its part, is around $131 and has risen nearly 6%. Cardano (ADA) also rose by 6%, and its value is around $0.731.

Dogecoin (DOGE) rose by 4.3%, with its price reaching $0.1716 per token. The performance of TRON (TRX) was more modest, reaching $0.23 and registering a 2.5% increase. Finally, Chainlink (LINK) also rose by 6.5%, approaching $14.5 per unit.

The crypto market has turned green. Its total market capitalization has surpassed $2.78 trillion after rising 3.65%. Additionally, trading volume has skyrocketed, with more than $83 billion traded in the last 24 hours, an increase of over 16%.

The general market surge after Ripple’s victory highlights both its resilience and the importance and impact of regulatory clarity in the sector. We will continue to closely monitor the industry’s performance in the coming days.