On the U.S. cryptocurrency exchange Coinbase yesterday afternoon, a bitcoin was trading at $90,675, up 1.22% from 24 hours ago.
Bitcoin, which fell below $90,000 amid the prospect that the Federal Reserve may not lower its benchmark interest rate next month, has been going sideways since recovering to the $90,000 mark on the 15th.
The rise, which has risen to the $93,000 range since former President Trump's election, seems to have stopped for now.
Ethereum, the second-largest market cap, rose 3.36% to $3,146, while Dogecoin, known as Tesla CEO Elon Musk's coin, rose 1.7% to trade at $0.37.
However, at the same time, Ripple continued its surge, soaring 30.24% to $1.16.
This is the first time since November 2021 that the price of the riffle has exceeded $1
Ripple, which was $0.51 on the 5th, has continued to surge since it was triggered later than other cryptocurrencies.
Analysts say the move comes as ripple issuer Ripple Labs is likely to win an ongoing lawsuit or drop the suit due to a complaint from the Securities and Exchange Commission (SEC).
Ripple Labs, along with Coinbase, is the largest sponsor of former President Trump in this presidential election, raising the possibility that Ripple CEO Brad Garlinghouse met with Trump in person.
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