The crypto market has seen significant shifts following the Fed meeting and Ripple case announcement.
Bitcoin Reaches New Heights
After the Fed’s decision to leave interest rates unchanged, Bitcoin's price surged above $87,000. As of writing, Bitcoin is trading near $85,800, up by 2.6% in the past 24 hours with a 24-hour trading volume reaching $37.19 billion, marking a 61% increase.
XRP Price Surge After SEC Case Conclusion
Following Ripple CEO's announcement that the SEC has dropped its lawsuit, XRP price jumped over 10%, reaching as high as $2.59. The XRP community celebrated the end of this prolonged legal battle with excitement.
Crypto Market Exhibits Bullish Reversal
The combination of news from the Fed and Ripple led to a bullish reversal in the crypto market, with major altcoins like CAKE, BONK, XDC, SUI, and UNI seeing 5% gains. Meanwhile, others such as CRV, MKR, and OKB recorded declines of around 3%.
Amid these developments, the crypto market is experiencing a surprising resurgence, offering new opportunities for investors and participants.
