On This Day in Crypto – August 8

$XRP Breaks Free

On August 8, 2024, Ripple scored a major win — the SEC lawsuit was finally resolved, and $XRP surged 20% in response.

The ripple effect?

Bitcoin jumped past $57,000, and the entire market lit up with renewed confidence.

But it wasn’t just about the price.

✅ Why it mattered:

The decision brought long-awaited regulatory clarity to one of crypto’s biggest legal battles, opening the door for more institutional players and setting a key precedent for the entire industry.