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Ether Pushes Past $2K as Ripple's Partial Win Against SEC Invigorates Market

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$ETH jumped 7% crossing $2K as the favorable ruling in the Ripple-SEC case brought renewed optimism to the crypto market. thesamreynolds reports.

The second largest cryptocurrency by market cap was up 7.4% at $2,010 during the Asian morning hours. Various layer-1 tokens, such as Solana’s SOL, which has been, also recorded double digit gains following the Ripple-SEC ruling on Thursday.

At the time of writing, SOL jumped 33.8%, MATIC gained 19.5%, Cardano's ADA was up 25%, and Stellar’s XLM soared 52%, in the last 24 hours. The governance token of Lido DAO was also up 25% in the last 24 hours. The CoinDesk Market Index , a measure of crypto markets performance, was up 7.2%., trading at $31,424. Ripple's XRP nearly doubled after the ruling and was trading 66% at 78 cents at the time of writing.

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Sale of XRP on Exchanges Not Investment Contracts, Court Rules in SEC Case Against RippleBREAKING: A New York court has judged Ripple's sale of XRP on exchanges did not constitute investment contracts in order partially granting a motion for summary judgment in SECGov case. iamsandali reports
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