Top Crypto Performers Today – XRP, POPCAT, WIF
Tuesday’s promising crypto market rebound fell flat on Wednesday, with most major cryptos trading in the red versus 24 hours ago per CoinMarketCap, and investors scouring altcoin markets in their hunt for top crypto performers today.
Bitcoin (BTC) was last changing hands in the mid-$55,000s, down around 2% in the past 24 hours.
Ethereum (ETH), meanwhile, was down close to 6% and BNB (BNB) was down nearly 3%.
Even Solana (SOL), which led Tuesday’s rebound amid a surge in a number of its biggest meme coins, has stalled, losing 1.3% in the past 24 hours.
The crypto market’s stalling momentum comes despite more dovish commentary coming from the Bank of Japan.
JPY strength and rising Japanese interest rates had been a major source of angst for global markets in recent days, triggering a forced unwind of over-saturated pro-risk carry trade that weighing on risk assets like stocks and crypto across the board.
The latest more dovish commentary from the bank suggests it is pausing its tightening efforts – good news for risk assets.
But US recession risks continue to hang over the market.
The only major crypto to buck the trend and rally was XRP (XRP), following a favorable ruling in the Ripple versus SEC lawsuit.
BOOOOOOOOOOOOOOOOOOM!!!
Judge Torres has ruled that @Ripple shall pay $125 million in civil penalties and cease any further violations of securities laws, concluding the protracted four-year legal dispute with the SEC!
Congratulations #XRP holders we made it!
Read more on cryptonews.com
