XRP Explodes Toward $0.60, Bitcoin Deletes CFTC-Binance Lawsuit Losses (Market Watch)

29 March 2023

in XRP

Reading Time: 3 mins read

The cryptocurrency market is recovering the losses induced by the CFTC lawsuit against Binance and CZ. Ripple’s XRP is surging for a few days in a row now, while Bitcoin’s price managed to reclaim $28K and even soar beyond it.

The entire market is painted in green as the majority of cryptocurrencies are charting considerable gains throughout the past 24 hours.

Bitcoin’s Price Soars Above $28K

The green is back in the cryptocurrency market following a couple of days of questionable price action caused by the CFTC lawsuit against Binance and CZ.

At the time of this writing, BTC is trading above $28,500, having charted an increase of around 6% in the past 24 hours. With this move, the cryptocurrency managed to erase almost all of the losses caused by the CFTC lawsuit.

Source: TradingView

BTC reached a high at $28,650 before retracing slightly to where it’s currently trading (on Binance).

Altcoins Painted Green, XRP Leads Rally

XRP is today’s best performer among the major cryptocurrencies. It’s up by almost 20% in the past day, and it’s seemingly getting ready to target the coveted $0.60 level. At the time of this writing, XRP trades at around $0.57.

21Shares files S-1 application for an XRP ETF

1 November 2024

Ripple CEO optimistic about crypto post-election, regardless of outcome

24 October 2024

Source: Quantify Crypto

As seen in the heatmap above, all of the major coins are trading well in the green today. From the top 100, MASK is leading the market, up 24.6% on the day. With this, the cryptocurrency managed to recover most of the losses that it posted the day before. Conflux’s CFX is second in line with 21.2% gains, followed by Kaspa’s KAS with 20%.

Interestingly enough, with the exception of Huobi Token (HT), which is down a slight 0.2%, all other cryptocurrencies from the top 100 are in the green today – a very rare phenomenon.

The sentiment across the broader market remains in a stage of “greed,” albeit slightly more modest compared to yesterday.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Credit: Source link

[crypto-donation-box]