Cryptocurrencies, including Bitcoin, are on the rise awaiting the outcome of the Ripple lawsuit.
At Upbit at 8:27 am on the 9th, Bitcoin, the number one virtual asset by market cap, is trading at 37,129,000 won, up 0.37% from the previous day’s closing price (as of 9 am on the 8th).
At the same time, Ethereum is down 0.40% to 2,461,000 won.
Ripple is trading at 672 won, down 1.03%.
On this day, cryptocurrency is drawing an upward curve while watching the outcome of the lawsuit between the US regulator and Ripple.
According to foreign media such as Archyde.com, earlier in December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit once morest Ripple, the issuer Ripple Labs and the CEO, for judgment that it was illegal securities such as insufficient public offering procedures.
However, there are also observations among investors that the Ripple lawsuit, such as an appeal, will be concluded in 2026, taking longer than expected.
Meanwhile, in Bitsum, Bitcoin is trading at 37,075,000 won, down 0.12% from the previous day’s closing price (as of 0:00 on the 8th), and Ethereum is trading at 2,457,000 won, up 0.73%.
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