SOL - Why Coinbase Cardano and Solana Are Rising Today
2023-07-13 15:08:19 ET
Most cryptocurrencies and crypto-related stocks zoomed higher today after crypto proponents claimed victory in a closely watched lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the creator of XRP (CRYPTO: XRP) .
Shares of the large U.S.-based crypto exchange Coinbase (NASDAQ: COIN) traded nearly 18% higher as of 2:52 p.m. ET today. Meanwhile, since late afternoon yesterday, the prices of cryptocurrencies Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) were up roughly 22% and 16.5%, respectively.
The big news for the crypto industry is that today a U.S. district court judge made a big ruling in the lawsuit between the SEC and Ripple, which is expected to have major ramifications for the entire crypto industry.
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Why Coinbase, Cardano, and Solana Are Rising Today