Crypto Market Update: BTC Rebounds, Ripple Faces Lawsuit, Solana Memes Surge

BTC Rallying Again

Last week, the price of Bitcoin (BTC) spiked to an all-time high of over $73,500 before dropping below $61,000. However, the digital asset has partially recovered and is currently trading around $66,500. The recent surge in price may have been influenced by the Federal Reserve’s decision to keep interest rates unchanged and the upcoming halving event scheduled for April.

Ripple Developments

Ripple, the company behind XRP, is currently facing a lawsuit from the SEC. Despite the legal challenges, XRP has received support from major cryptocurrency exchanges, highlighting its resilience in the market. The outcome of the lawsuit, scheduled for April 23, could have a significant impact on Ripple’s future.

Solana Memes in the Spotlight

While the overall crypto market experienced a decline, Solana-based meme coins like Slerf and Book of Meme saw significant price fluctuations. Slerf recorded a 70% daily increase before facing a setback, while Book of Meme briefly entered the top 100 cryptocurrencies by market capitalization. The speculative and volatile nature of the crypto market was evident in these price movements.