Ripple Skyrocketed As Popular Cryptocurrencies Fell!

The most valuable cryptocurrencies Bitcoin and Ethereum declined, while Ripple prices rose.

Ripple skyrocketed as popular cryptocurrencies fell. There is a downward trend in the cryptocurrency market today. Bitcoin (BTC), the most valuable currency in the crypto market, lost more than 2 percent in value and started trading at $ 57,000. The leading altcoin Ethereum also fell and lost more than 3 percent. When the Top 10 is examined, it is seen that the only cryptocurrency traded on the green board and making strong gains is Ripple (XRP). XRP grew by more than 17 percent, on the contrary of the entire market. Looking at the Top 100, it is seen that most cryptocurrencies are in a downward trend.

BTC And ETH Declined

The color red prevails in the cryptocurrency market today. Many cryptocurrencies are traded on the red board. The decline recorded in Bitcoin negatively affected the entire market. The BTC fell more than 2 percent, trading at $ 57,270. Ethereum, which positively correlated with BTC, also declined. ETH is trading at $ 1,780, declining over 3%. Looking at the top 10, ETH stands out. Ripple is gaining strength despite the decline in other major cryptocurrencies and the SEC lawsuit. The cryptocurrency has gained over 17 percent today, rising from $ 0.47 to $ 0.55. Currently, XRP is trading at $ 0.53, gaining 11 percent. This positive mood in Ripple has delighted XRP investors. However, current levels are well below the peak levels seen before the SEC case.

Decreased To $ 0.20 Due To SEC Lawsuit

XRP fell sharply from $ 0.90 to $ 0.20 due to the SEC-Ripple lawsuit. As such, the SEC case represents a fatal blow to the Ripple market. According to Ripple, the estimated loss of cryptocurrency investors from the SEC case is over $ 15 billion. The market cap of the largest altcoin is currently known as $ 24 billion. Ripple is currently managing $ 7.8 billion in the last 24-hour transaction volume at market capitalization.