The positive result of Ripple v. SEC undoubtedly ignited the whole Cryptocurrency market
The positive result of Ripple v. SEC undoubtedly ignited the whole Cryptocurrency market. After the good news came out, Bitcoin and counterfeit currency went on a positive track, and the market value of Cryptocurrency soared by more than 6%. Although the price of XRP has almost doubled, it has still lost some of its gains.
Bitcoin is no exception, as it soared to over $31500 along with other counterfeit currencies, and other counterfeit currencies have also shown significant growth. However, Bitcoin seems to have lost most of its profits during its rise. As of press time, BTC had fallen below 30000 dollars, and the market value of the entire Cryptocurrency fell 1.5%.
The following figure shows the performance of BTC over the past 7 days. When the Ripple message spreads, the green upward trajectory begins. However, the price has fallen below $30000, erasing most of the increase. According to CoinMarketCap data, as of the time of publication, the BTC transaction price was $29949.
Shanzhai Coin and Bitcoin Fall Together
It is not just Bitcoin that has wiped out most of the gains in the past four days. Shanzhai coins, including this week's star Ripple, also lost some of their gains, dropping from a high of $0.8875 to the current $0.7346.
During this period, Ethereum, which exceeded $2000, also fell below $1900. As of the time of publication, the ETH trading price was $1892. As the enthusiasm for Ripple news seems to have gradually dissipated, counterfeit coins including ADA, SOL, LTC, and DOT have also experienced single digit losses.
Those who like you will also be liked in the future.
If you like it, please follow the articles that will bring you more appreciation in the future,
Thank you for reading! See you next time!
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
