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Cryptocurrencies head for a winning week after sharp rally fueled by Ripple court decision

From cnbc.com

Cryptocurrencies are heading for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally. Bitcoin is on pace to end the week higher by about 3%, according to Coin Metrics, and on pace to finish above $30,000. Even with better-than-expected inflation data earlier in the week the price of the flagship cryptocurrency was flat for most of the week, and after its 4% rally Thursday it was still unable to maintain the key technical level of $31,500. On Friday it was trading lower by 1% at $31,251.92. Ripple’s XRP led the rally after a judge in the Southern District of New York ruled that ... (full story)

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  • Category: Fundamental Analysis