Ether Pushes Past $2,000 as XRP Ruling Excites Markets
Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
Ether is trading hands above $2,000, a three-month high, as the market picked up renewed optimism after a U.S. court found that sales of Ripple’s XRP tokens on exchanges and through algorithms .
The token for the world’s computer is up 7.4% and is trading at $2,010 during the Asia morning. Various Layer 1 tokens, such as Solana’s SOL, which has been , have also seen their tokens gain double digits since the ruling was published.
Stellar’s XLM is up 52% in the last 24 hours, while SOL is up 33.8%, MATIC is up 19.5%, and Cardano's ADA is up 25%.
Lido DAO’s governance token is also up 25% in the last 24 hours.
The CoinDesk Market Index (CMI) is at 1,368, up 7.2%.
Bitcoin has also and is now trading at $31,424.
In the last 12 hours, traders liquidated $203 million in short positions,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VIPBitget VIP Weekly Research Insights
Recent bullish news surrounding a potential Solana ETF has reignited market optimism. The SEC has asked issuers to update their S-1 filings, signaling that ETF approval could be near. This development has boosted confidence in the Solana ecosystem. As a high-performance Layer-1 blockchain, Solana (SOL) offers fast transactions and low fees, making it a hub for DeFi and NFT activity, while also drawing increasing institutional interest. Jito (JTO), the leading liquid staking protocol on Solana, saw its token surge 17% after JitoSOL was included in a Solana ETF prospectus. Its MEV optimization further enhances network value. Jupiter (JUP), Solana's top DEX aggregator with a 95% market share, recently launched a lending protocol, highlighting strong growth potential. These tokens offer investors early exposure ahead of a possible ETF approval and a chance to benefit from Solana's expanding ecosystem.
Can Solana Ride the Nasdaq Hype to Close Q2 Above $160?
Solana's price rise is fueled by renewed institutional interest and growing trader participation, positioning SOL for a potential breakout above $160.
Bitcoin: Scarcity Deepens With Every Block Mined
BlockDAG Drops A Full 6-Week Launch Plan as LTC Drops 10% & PEPE Holds $1.64B Volume Amid 12% Fall
Explore how BlockDAG’s six-week Go Live plan with active DeFi tools sets it apart as Litecoin drops 10% and PEPE holds $1.64B volume after a 12% fall.BlockDAG Prepares Full DeFi Launch With Six-Week Go Live PlanPEPE Slides 12% But Maintains $1.64B Volume Near Key SupportLitecoin Drops 10% in a Day While Holding Weekly Price RangeIn Summary
Trending news
MoreCrypto prices
More
