The global cryptocurrency market on CoinMarketCap has increased by over 5.05% to more than $1.19 trillion due to recovery from losses sustained against Binance and CZ in the CFTC case. Currently, the top ten cryptocurrencies are all trading in the green.
Bitcoin (BTC) showed signs of resilience, surging above the significant barrier of $28,000. On Wednesday morning, it rose by more than 5%, reaching a high of $28,619 before retracing slightly from its current level. Bitcoin’s market share has risen by over 46%.
According to recent reports, Ripple (XRP) and Cardano (ADA) are among the top 10 cryptocurrencies with each of them experiencing growth of over 10% in the past 24 hours.
Ripple’s XRP has been on the rise for several days and is currently among the top gainers in the overall market on Coinmarketcap. It has increased by almost 20% in the last few days and is aimed at a target of $0.60. As of writing, XRP is trading at around $0.57.
Apart from the current positive market trend, XRP tokens are also rising in anticipation that Ripple Labs, whose crypto payment network is run by XRP, will be successful in the case brought by the US Securities and Exchange Commission (SEC).
On the other hand, Cardano’s native token, ADA, is the second-largest gainer in the top 10 non-stablecoin cryptocurrencies, increasing by 11.37% to $0.3872.
Several other tokens have also seen growth, with Ethereum (ETH) increasing by 4% in price as Ethereum developers confirmed a significant blockchain network upgrade called the Berlin Update for April 14. As previously reported, the upgrade will enable ETH stakers to earn rewards at lower transaction costs and among other network improvements, making it easier for them to reclaim their cryptocurrency.