Bitcoin, Ethereum And Other Popular Crypto Tokens Are Ripping Higher: What's Going On?
Portfolio Pulse from Adam Eckert
Several popular cryptocurrencies including Bitcoin and Ethereum are experiencing a surge after a judge ruled that Ripple's sales of XRP do not constitute offers of investment contracts. The SEC had sued Ripple in late 2020, alleging that the company and two of its executives raised over $1.3 billion through an unregistered securities offering. The ruling is likely to set a standard for the rest of the crypto space.
July 13, 2023 | 4:24 pm
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POSITIVE IMPACT
Cardano's price increased by 7.89% following the Ripple ruling.
The ruling on Ripple's XRP sales not being investment contracts has positively impacted Cardano's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bitcoin's price increased by 1.38% following the Ripple ruling.
The ruling on Ripple's XRP sales not being investment contracts has positively impacted Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Dogecoin's price increased by 3.67% following the Ripple ruling.
The ruling on Ripple's XRP sales not being investment contracts has positively impacted Dogecoin's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ethereum's price increased by 3.08% following the Ripple ruling.
The ruling on Ripple's XRP sales not being investment contracts has positively impacted Ethereum's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Litecoin's price increased by 6.64% following the Ripple ruling.
The ruling on Ripple's XRP sales not being investment contracts has positively impacted Litecoin's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
XRP's price increased by more than 26% following the ruling.
The ruling directly pertains to Ripple's XRP sales, which has led to a significant increase in XRP's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100