Victory

Bitcoin

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 A federal judge's ruling on XRP tokens has triggered a rally in cryptocurrencies and related stocks. The judge declared that Ripple's sale of XRP tokens on exchanges and via algorithms did not breach federal securities laws, according to <a href="https://www.coindesk.com/markets/2023/07/13/bitcoin-and-crypto-stocks-like-coinbase-soar-as-xrp-ruling-bolsters-optimism/" rel="noopener noreferrer nofollow">coindesk.</a> 
 Bitcoin reached a 13-month high of $31,700, breaking the $31,000 resistance. Following the news, Solana, Polygon, and Cardano, previously marked as unregistered securities by the SEC, saw around a 15% rise. XRP itself experienced a whopping 70% increase to $0.80. 
 Among stocks, Coinbase, facing an SEC lawsuit over alleged sale of unregistered securities, soared 24%. It hit its highest level since August 2022. MicroStrategy also posted a 12% gain. Crypto miners such as <a href="https://ultramining.com/news/en/marathon-digital-holdings-powers-up-bitcoin-production-and-mining-operations/" rel="noopener noreferrer nofollow">Marathon Digital</a> and Riot Platforms enjoyed a 14% boost, with Hut 8 Mining leaping 19%. 
 Charles Storry, the head of growth at crypto index platform Phuture, attributed the rally to the Ripple case ruling. He explained that investors had been wary due to the SEC's tough stance on crypto. 
 Following the decision, Coinbase announced plans to resume trading for XRP-USD, XRP-USDT, and XRP-EUR pairs on the XRP network. CEO &amp; Founder of Parsec, Will Sheehan, expressed that traders had long anticipated this ruling. The Ripple verdict has proven to be a significant catalyst in the market. 
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XRP Legal Victory Sparks Crypto Rally, Coinbase and Crypto Stocks Soar

Ultramining_Eng

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