Cryptocurrencies are heading for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally.
but not others. XRP is on track to end the week with a 65% gain. The token tied to Solana is up 30.5% for the week, Cardano's ada has gained 21% and Polygon's matic token in on track to finish 25% higher. Ether is up 7%.
Most big crypto assets are in the red on Friday as investors hit the brakes on Thursday's excitement and weighed what could come next for crypto. While the decision on the whole is considered a positive for Ripple and the crypto industry, it wasn't a clear-cut win. The order was the latest development in a three-year battle between Ripple and the Securities and Exchange Commission. There is a possibility that some of these findings could be appealed and reversed; the filing even said that the court would issue a separate order setting a trial date.
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