🌍 Crypto Today: Ethereum Takes Off and Ripple Wins a Historic Battle
The crypto market is revving up again. Ethereum (ETH) is stealing the spotlight after a boost supported by strong inflows into US spot ETFs: just this week, $326 million flowed in, bringing the total to an impressive $9.8 billion in just 14 weeks. This capital influx has pushed ETH to $4,300, consolidating above $4,000 for the first time since December 2024 and causing massive short position liquidations. The next target on the radar: $4,400.
Meanwhile, Ripple (XRP) is celebrating a key legal victory. The US Securities and Exchange Commission (SEC) decided to close one of the most publicized lawsuits in the ecosystem, dismissing the lawsuit against the company. Ripple will pay a fine of $125 million, but the settlement dispels a significant regulatory cloud that has loomed over the sector for years.
With Ethereum attracting institutional investment and Ripple clearing its legal landscape, market sentiment is becoming more optimistic. Analysts see these movements as a sign that the crypto ecosystem is entering a new phase of maturation, where adoption and regulatory clarity play a central role.
The stage is set: if the momentum continues, we could see ETH and XRP leading the next chapter of the crypto rally. 🚀