Hold onto your crypto hats because today's top performer is none other than XRP, stealing the spotlight among the big players!
Even though the Fed decided to keep interest rates steady, Bitcoin had its own ideas. It danced its way up to a multi-week high of over $87,500, but ran into a little resistance along the way.
In the altcoin arena, it's green lights all around, with XRP leading the charge after Ripple's triumphant showdown with the US SEC. Talk about a victory lap!
Last week was a bit of a rollercoaster for Bitcoin, but by the weekend it found its groove around $84,000. Sunday brought some drama with large short positions on Hyperliquid, causing Bitcoin to stumble at $85,000 and dip down to $81,200 by Tuesday.
But just like a true champion, Bitcoin made a comeback, gaining two grand by Wednesday ahead of the FOMC meeting. Once the Fed revealed interest rates would stay put, Bitcoin had a little dance party, bouncing up and down by $1,000.
Eventually, it took a leap and hit $87,500 for the first time since March 7. Although it couldn't hold onto all those gains, it's still cruising at just under $86,000, up 2.5% for the day. Not too shabby!
Bitcoin's market cap has climbed to $1.7 trillion, though its dominance took a tiny hit, now sitting at 58.4%.
The crypto world got another jolt of excitement thanks to Ripple's CEO, Brad Garlinghouse, who announced that the SEC is dropping its long-standing legal case. XRP wasted no time, leaping from $2.3 to $2.6 before settling around $2.5.
Other big winners in the altcoin space include SOL (up 5%), SUI (rising 5.5%), and UNI (jumping 8%). ETH, BNB, ADA, DOGE, LINK, and XLM are also basking in the green, albeit in a more modest fashion.
The total crypto market cap has soared by about $70 billion since yesterday, now standing at a whopping $2.9 trillion. It's a wild ride, folks, and we're here for every twist and turn!
