Crypto Price Today: Bitcoin at $84,695, XRP Jumps 6.17% Weekly After Ripple's Legal Victory
### Crypto Market Faces Mixed Short-Term Outlook Amid Volatility
The cryptocurrency market remains highly dynamic, with major digital assets experiencing fluctuations in daily trading. Despite brief hourly surges of 1-3%, a downward trend has emerged in the 24-hour cycle. However, overall market capitalization remains strong, with Bitcoin (BTC) maintaining its position above $84,000 and Ethereum (ETH) staying above $1,980. A major highlight is XRP’s recent surge, fueled by Ripple CEO Brad Garlinghouse’s announcement regarding the resolution of the long-standing SEC lawsuit.
### Bitcoin and Ethereum Maintain Weekly Strength Despite Daily Pullbacks
Bitcoin (BTC) is currently trading at **$84,695.10**, marking a **0.38% increase in the past hour**, though it has slipped **1.19% over the last 24 hours**. Despite this minor decline, BTC has posted a solid **3.37% gain over the past week**. With a market capitalization of **$1.68 trillion** and a **24-hour trading volume of $25.83 billion**, Bitcoin remains the dominant force in the crypto space, dictating broader market trends.
Ethereum (ETH) follows a similar pattern, trading at **$1,987.05**, gaining **0.42% hourly** but losing **1.80% over the past 24 hours**. However, its **5.04% weekly increase** reflects continued investor confidence. Ethereum’s market cap currently stands at **$239.70 billion**, with **$12.38 billion in 24-hour trade volume** and a circulating supply of **120.63 million ETH**.
### XRP Surges After Ripple’s Legal Victory Over SEC
XRP has experienced a surge in investor interest following a **major legal milestone** for Ripple. The token is currently priced at **$2.43**, reflecting a **0.37% hourly gain** and a **1.39% daily decline**, yet boasting a **6.17% increase over the past week**. XRP’s market cap has climbed to **$141.49 billion**, with **$4.60 billion in 24-hour trading volume** and a circulating supply of **58.15 billion XRP**.
The price jump came in response to Ripple CEO Brad Garlinghouse’s announcement that **the SEC lawsuit against Ripple has officially concluded**. The prolonged legal battle revolved around whether XRP should be classified as a security. The final ruling determined that **Ripple’s “programmatic sales” of XRP on secondary markets did not constitute securities transactions**, though institutional sales were subject to regulation. Ripple agreed to **pay a $125 million fine**, significantly lower than the **$2 billion penalty initially sought by the SEC**.
This resolution eliminates a major uncertainty hanging over XRP for years, potentially paving the way for **greater regulatory clarity across the cryptocurrency industry**. With the SEC declining to pursue an appeal, this decision could have broader implications for how cryptocurrencies are classified in the U.S. financial system.
### Binance Coin (BNB) Outperforms with Strong Daily and Weekly Gains
BNB continues to defy broader market trends, trading at **$629.81** with **positive movement across all timeframes**—**0.11% intraday**, **0.66% daily**, and an **impressive 7.79% gain over the past week**. As one of the few major cryptocurrencies posting consistent gains, BNB’s **market cap has reached $89.73 billion**, with **$2.26 billion in 24-hour trading volume** and **142.47 million BNB circulating**.
### Altcoins Face Short-Term Pressure Amid Market Consolidation
- **Solana (SOL):** Currently priced at **$128.52**, gaining **0.54% in the past hour** but declining **3.61% over the last 24 hours**. Despite short-term pressure, SOL maintains a **2.98% weekly increase**, with a **$65.57 billion market cap** and **$2.33 billion in 24-hour trading volume**.
- **Cardano (ADA):** Trading at **$0.7213**, up **0.20% hourly** but down **1.01% in the last 24 hours**. It maintains a **1.92% weekly gain**, with a **$25.42 billion market cap** and **$831.39 million in trading volume**.
- **Dogecoin (DOGE):** Currently valued at **$0.1704**, with **a 0.95% weekly increase** despite daily stagnation. DOGE’s **market cap stands at $25.31 billion**, with a **24-hour trade volume of $879.32 million** and **148.51 billion DOGE in circulation**.
- **TRON (TRX):** Trading at **$0.2315**, down **0.07% in the past hour** and **0.59% in the last 24 hours**, yet maintaining a **2.62% weekly increase**. TRX has a **$22.00 billion market cap** and **$685.13 million in daily trading volume**.
### Stablecoins Maintain Market Stability
- **Tether (USDT):** Trading at **$0.9996**, with a **market cap of $143.48 billion** and **$58.27 billion in 24-hour trading volume**.
- **USD Coin (USDC):** Holding steady at **$1.00**, with a **market cap of $59.35 billion** and **$10.43 billion in trading volume**.
### Market Outlook: Consolidation Phase in Play
The cryptocurrency market appears to be entering a **consolidation phase** after strong gains in the past week. While short-term fluctuations persist, most major cryptocurrencies have **maintained positive weekly trends**, suggesting that this downturn may be a natural retracement rather than the start of a deeper correction.
Bitcoin and Ethereum’s resilience, Ripple’s legal victory, and Binance Coin’s continued strength indicate that the broader market remains in a **bullish posture**. However, traders and investors should remain vigilant, as **volatility remains a defining factor in crypto markets**.