Bitcoin Price Targets $29K Despite Ongoing Crypto Lawsuit and Rate Concerns

Crypto Market Review: Bitcoin, XRP, and Ongoing Legal Battles

Early Thursday, the New York Attorney General filed a lawsuit against Genesis, Gemini, and DCG, alleging they defrauded investors of $1 billion. Despite a stock market decline and a rise in the 10-year Treasury yield, Bitcoin remained resilient, maintaining a modest gain at $28,600 midday Thursday. Furthermore, XRP saw a significant 6% spike following the SEC’s decision to drop charges against Ripple Labs executives. Analytics Insight has listed the top 10 current cryptocurrency prices as of October 20, 2023.

Bitcoin- US$25,995.18 (Up by 3.10%)

Ethereum- US$1,649.45 (Up by 2.02%)       

Tether- US$0.9997 (Up by 0.03%)

BNB- US$215.13 (Up by 1.37%)

XRP- US$0.5124 (Up by 6.26%)

USD Coin- US$0.9999 (Down by 0.01%)     

Cardano- US$0.2615 (Up by 11.25%)

Dogecoin- US$0.06219 (Up by 2.77%)

Solana- US$20.62 (Up by 1.72%)

TRON – US$0.07653 (Up by 1.74%)

According to CoinMarketCap, the total crypto market volume over the last 24 hours is US$42.46B experiencing a surge of 2.50%.