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Crypto market soars on XRP ruling, Bitcoin hits highest price in 13 months

July 13, 2023


Cryptocurrency prices surged higher on Thursday after the judge presiding over the Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs ruled that the XRP token is not a security.

The crypto ecosystem responded to the news with jubilation, with many declaring that the bull market is now officially underway and new all-time highs for many tokens are only a matter of time.

Stocks also climbed higher after the latest producer price data provided additional evidence that inflation is cooling, while a strong start to earnings season showed that companies have been performing stronger than analysts expected.

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