Ripple Soars 50% on SEC Trial News While Crypto Markets Shed $40 Billion: This Week's Recap

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Ripple Soars 50% on SEC Trial News While Crypto Markets Shed $40 Billion: This Week's Recap
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Ripple's 50% surge is undoubtedly the most exciting thing in this week's crypto market, which lost around $40 billion in the past seven days.

Ripple Soars 50% on SEC Trial News While Crypto Markets Shed $40 Billion: This Week’s RecapRipple’s 50% surge is undoubtedly the most exciting thing in this week’s crypto market, which lost around $40 billion in the past seven days.

Bitcoin’s price is currently sitting slightly below $19,000, down 5.7% in the past week. Seven days ago, it was trading at around $19,500 and even managed to poke above $20K on Sunday, but the bears were quick to intercept and push BTC back towards $18,500. Most of the altcoins are also charting considerable losses, with ETH being in the lead, down over 12% weekly. It appears that the Merge failed to positively impact its price, at least for the time being. However, the most obvious outlier remains XRP, which managed to soar by a whopping 50% in the past seven days.

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