After the decision in favor of XRP in the lawsuit that has been going on for years between Ripple and the SEC, a general upward trend has started not only in XRP, but in almost all cryptocurrencies.
In his summary judgment, Judge Torres ruled that, according to the Howey test, sales of XRP by exchanges do not constitute a security. However, the judge stated that the institutional token sales made by the Ripple company are securities.
After the decision, a very positive atmosphere started in the crypto money market and the XRP price gained approximately 30%.
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However, after the decision, there was approximately $ 33 billion in funding to the entire crypto money market.
On the Bitcoin side, with the development that seems more positive for altcoins, a more moderate rise was observed with the decline that followed the rise above $31,000 in the first place.
Again, there was an increase of 4% on the Ethereum side, which is known not to be considered as a security by the SEC.
On the other hand, altcoins such as Cardano and Solana, which were previously claimed to be securities by the SEC, increased by about 10%.
*Not investment advice.