CryptoMediaClub
Wednesday, July 9, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Crypto markets are booming after historic XRP ruling; BTC and ETH both break critical barriers at 31k and 2k

14.07.2023
A A
0
134
VIEWS
ShareShare

Bitcoin and the rest of the cryptocurrency market saw significant gains after Ripple secured a victory against securities regulators on July 13.

As of 8:30 p.m. UTC, Bitcoin (BTC) had gained 4.3% over 24 hours, achieving a $31,594.31 market value and a $613.8 billion market cap. That change represents more than a one-year high, as the asset has not seen comparable prices since June 2022.

Ethereum (ETH), meanwhile, gained 6.9% over 24 hours for a market cap of $239.8 billion. Its price briefly surpassed $2,000.

Those gains were likely influenced by the outcome of a legal case between Ripple and the U.S. Securities and Exchange Commission in which courts ruled that Ripple’s XRP sales are not securities. XRP itself gained 73% over 24 hours to reach a $42.6 billion market cap, making it the 4th largest cryptocurrency at present.

At least two major crypto exchanges — Coinbase and Gemini — have decided to list or are considering listing XRP following Ripple’s legal victory. Those decisions could further support the price of the XRP token.

Three coins named in unrelated SEC cases against Coinbase and Binance are also among the biggest gainers today: Cardano (ADA) rose 19.5%, Solana (SOL) rose 17.3%, and Polygon (MATIC) rose 17.8%. Those gains are perhaps due to more general optimism that is possible for crypto companies to win cases against regulators.

Various other assets have also seen gains. Stellar (XLM), which has early ties to Ripple but is otherwise an independent project, saw gains of 62.4%. The entire crypto market has gained 6.5% over 24 hours for a total market capitalization of $1.3 trillion.

Liquidations reach $236 million

Meanwhile, the crypto market saw $238.37 million in liquidations over a 24-hour period. That total includes $52.01 million of long liquidations and $186.36 million of short liquidations. About 66,800 traders were liquidated in total.

Liquidations for July 13, 2023, via CoinGlass

Three assets saw the most liquidations. Bitcoin saw $55.67 million in liquidations, Ethereum saw $37.81 million in liquidations, and XRP saw $47.97 million in liquidations.

Binance was responsible for $85.88 million in liquidations, while OKX was similarly responsible for $68.74 million in liquidations. Together, those two exchanges were responsible for about two-thirds of all liquidations across the cryptocurrency market.

Various other exchanges, including Bybit, Huobi, and CoinEX, were responsible for the remainder of those liquidations, as shown below:

Exchange liquidations for July 13, 2023, via Coinglass

The events of the day represent rare positive news amidst the crypto industry’s latest bear market. Though the broader implications of the Ripple case are still unclear, the latest developments seem to have generated optimism among cryptocurrency investors.

The post Crypto markets are booming after historic XRP ruling; BTC and ETH both break critical barriers at 31k and 2k appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

Bitcoin hits fresh all-time high above $112k as traders parse new US tariff shock
Analysis

Bitcoin hits fresh all-time high above $112k as traders parse new US tariff shock

09.07.2025
0

Bitcoin (BTC) reached a new all-time high of $112,040 on July 9, edging above the previous intraday peak of $111,917.37...

Read moreDetails
Survey finds gaps in mainstream Bitcoin coverage, leaving institutional investors exposed

Survey finds gaps in mainstream Bitcoin coverage, leaving institutional investors exposed

09.07.2025
Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

09.07.2025
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

04.07.2025
Load More
Next Post
Shiba Inu Witnesses Surging Investor Interest, Achieves Remarkable Milestones

Shiba Inu Witnesses Surging Investor Interest, Achieves Remarkable Milestones

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming?

Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming?

1 year ago
ECB Assures Citizens Regarding Privacy of Future CBDC

ECB Assures Citizens Regarding Privacy of Future CBDC

1 year ago
Multi-Million Dollar Exploit of Multichain Raises Suspicions of Internal Rug Pull

Multi-Million Dollar Exploit of Multichain Raises Suspicions of Internal Rug Pull

2 years ago
ETH, SHIB, & USDT Among Most Common Altcoins Held By Mollars Presale Investors

ETH, SHIB, & USDT Among Most Common Altcoins Held By Mollars Presale Investors

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Cash Price Prediction: Whale Transactions Surge 122% – Could BCH Overtake Bitcoin? 

Suspected Exploit Hits GMX Exchange: Over $42M Drained from Vaults – DeBank Reports

BioSig Raises $1.1 Billion to Tokenize Gold and Commodity Assets

Breaking: Emirates Airlines to Begin Accepting Bitcoin and Cryptocurrency for Flight Payments

Revolut Launches Instant Money Transfers to China

New Zealand Bans Crypto ATMs, Sets $5K Cap on Transfers in Major AML Crackdown

Trending

Bitcoin hits fresh all-time high above $112k as traders parse new US tariff shock
Analysis

Bitcoin hits fresh all-time high above $112k as traders parse new US tariff shock

09.07.2025
0

Bitcoin (BTC) reached a new all-time high of $112,040 on July 9, edging above the previous intraday...

Breaking: Bitcoin Hits New All-Time High as New Bull Market Begins

Breaking: Bitcoin Hits New All-Time High as New Bull Market Begins

09.07.2025
Senator Elizabeth Warren Unveils Crypto Market Structure Principles In Key Committee Hearing

Senator Elizabeth Warren Unveils Crypto Market Structure Principles In Key Committee Hearing

09.07.2025
Bitcoin Cash Price Prediction: Whale Transactions Surge 122% – Could BCH Overtake Bitcoin? 

Bitcoin Cash Price Prediction: Whale Transactions Surge 122% – Could BCH Overtake Bitcoin? 

09.07.2025
Suspected Exploit Hits GMX Exchange: Over $42M Drained from Vaults – DeBank Reports

Suspected Exploit Hits GMX Exchange: Over $42M Drained from Vaults – DeBank Reports

09.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz