Cryptocurrencies Inch Upwards Again as Ripple (XRP) Ruling Lifts Mood

Cryptocurrencies surged, with Bitcoin posting its biggest one-day gain in more than 16 months, with investors returning to riskier assets across financial markets.

The largest digital currency rose as much as 8.6% to over $59,800 while Ether, the second-largest token, was at one point up almost 10%. Both tokens are still below their level a week ago, following a decline on Monday that was the market’s steepest since the days of FTX’s collapse in 2022.