Īt the start of the weekend, all four altcoins were up by double digit percentages over the last seven days. Crypto’s total market cap surged 6% in the hours following to hit $1.3 trillion on Friday. The news didn’t just boost XRP, it also caused Polygon, Solana (SOL) and Cardano (ADA) to blow up by double digit percentages on Thursday. Judge Analisa Torres ruled that XRP "is not necessarily a security on its face” and programmatic sales of XRP to the public did not break securities laws, but some $728 million worth of institutional sales of XRP did qualify as securities offerings because they were sold to buyers who expected to profit in a common enterprise. On Thursday, Polygon published a technical proposal for Polygon 2.0 and proposed the launch of a new native token for the network: POL token-a kind of upgrade to MATIC.Ĭlearly, it was already a good week for Polygon holders, but things got even better on Thursday when a judge presiding over the Ripple vs SEC case ruled in favor of Ripple. The first substantial bit of altcoin news broke on Tuesday when Polygon (MATIC) began to surge following an uptick in network growth. inflation is going down in line with expectations, it wasn’t quite enough to send investors toward the two most popular cryptocurrencies. While the latest CPI report, released on Wednesday, indicates that U.S. On Thursday, Ethereum hit $2,000 for the first time since May. It rose 6.6% to trade at $2,001 at the start of the weekend-$1,932 as of this writing. It wasn’t quite enough to boost the price of the world’s biggest cryptocurrency by market capitalization this week, though.Įthereum (ETH) fared substantially better, though not in the same league as the altcoins. On Monday, reports hit the press that the British multinational bank Standard Chartered predicted that Bitcoin will hit $120,000 before 2025. Bitcoin (BTC) still gained in value, a modest 3%, and currently changes hands at $30,287, according to CoinGecko.
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