Bitcoin falls near $ 30,000 ── the market falls back from the rise led by XRP | CoinDesk JAPAN | Coin Desk Japan

The cryptocurrency market surged Friday after Ripple Labs and XRP (XRP) apparently won the SEC in court. , it fell back on the afternoon of the 14th.

Bitcoin (BTC) temporarily fell below $30,000, down more than 5% from its high of $31,800 on the 13th. Ethereum (ETH), which had surpassed $2,000 and hit a three-month high, also dropped 4% to near $1,900 (at around 7:30 on the 15th Japan time, bitcoin was $30,230). near $1930 for Ethereum).

XRP is near $0.69, down about 25% from its high of $0.93 on the 13th. It temporarily surpassed the market capitalization of Binance Coin (BNB) and ranked 4th, but fell back to 5th place.

Many other major altcoins fell, including Cardano (ADA) and Polygon (MATIC). The CoinDesk Market Index (CMI), which shows the performance of the cryptocurrency market, is down about 4% in 24 hours.

“(Bitcoin) is still trading like a financial instrument in correction,” Craig Erlam, senior market analyst at Oanda, told CoinDesk in an email. Above $31,000 is “not particularly convincing at this stage.”

The sudden drop in the market caught traders betting on higher prices off guard, prompting the liquidation of $155 million long positions, according to CoinGlass data. This was the largest long liquidation of the month.

｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: CoinDesk
｜Original: Bitcoin Tumbles Below $30K, Crypto Prices Buckle After Altcoin Frenzy on XRP Ruling