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.
