Bitcoin cryptocurrency reached an annual maximum

On Thursday, July 13, the price of bitcoin hit an annual high. At the time of writing, the flagship asset of BTC $56,457.80 Bitcoin -2.47% Market capitalization $1.11 trillion VOL. 24 hours $4.48 billion is trading for $ 31,394, which is 3.48% higher than yesterday. Monesta’s market capitalization is $ 658.5 billion, and daily trading transactions exceeded $ 25.6, a 73.7% increase. However, the dominance of BTC on the market has dropped to 48.5%.

The leading altcoin ETH $2,981.34 Ethereum -4.50% Market capitalization $358.35 billion VOL. 24 hours $2.65 billion also showed a significant increase of more than 7.5%. As of the morning of July 14, ETH is worth $ 2,009. The total supply of coins circulating on the market amounted to $ 241.5 billion. Traders executed $ 12.5 billion worth of daily trading deals, an increase of more than 101%. Ethereum’s dominance in the industry is 19.2%.

Market experts note that the growth of quotations is taking place amid the rally of the XRP cryptocurrency. Following the court ruling by Judge Analisa Torres that the sale of a token through cryptocurrency exchanges or by distribution is not an offer of securities, the asset has grown by 73%.

As of this moment, XRP is showing a 67.35% gain and is trading at $ 0.789. The coin’s market capitalization is $ 78.8 billion, and daily trading transactions have reached more than $ 12.7 billion.

As a reminder, cryptocurrency analyst Crypto Caesar predicted that XRP $0.43 XRP -3.31% Market capitalization $23.8 billion VOL. 24 hours $0.31 billion could grow by more than 2000% in the near future. For a long time, XRP was under threat of destruction by the US government. As explained by bitcoin maximalist Max Keiser, SEC Chairman Gary Gensler has enough technical and political tools to grant XRP and ETH the status of securities.

«The Securities and Exchange Commission is working for the banking cartel, racketeering in the interests of financial institutions. Of course, the SEC goes to extremes in many ways, but that won’t stop it from killing XRP and any other asset. There isvirtually no rule of law on Wall Street and in finance for those with money and influence,» Keyser wrote in his blog.

The SEC’s case against Ripple has become one of the most important in the crypto industry, and its final outcome will have serious consequences for the circulation of crypto assets in the United States. At the moment, the judge’s decision is not final, the case will continue to be considered in court, and the SEC can still appeal.