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

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.

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.

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.