Ethereum exceeds $ 2000 ── Bitcoin, Solana, Polygon, Cardano also rise | CoinDesk JAPAN | Coin Desk Japan

Ethereum (ETH) is trading above $2,000, hitting a three-month high. Markets have regained optimism after a U.S. court ruled that Ripple’s sale of XRP through exchanges and algorithms did not constitute an investment contract.

Ethereum rose 7.4% to $2010 in the Asian morning. Various Layer 1 tokens, such as Solana (SOL), which has been named a security by the SEC, also posted double-digit gains. At the time of writing, Solana surged 33.8%, Polygon (MATIC) 19.5%, Cardano (ADA) 25%, and Stellar Lumens (XLM) surged 52% in 24 hours.

The CoinDesk Market Index (CMI), which shows the performance of the entire cryptocurrency market, rose 7.2%.

Bitcoin (BTC) also hit a one-year high, hitting $31,424. XRP nearly doubled after the ruling, rising 66% to around 78 cents at the time of this writing.

According to Coinglass data, the broad market rally liquidated $203 million worth of short positions in 12 hours.

｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: CoinDesk
｜Original: Ether Pushes Past $2K as Ripple’s Partial Win Against SEC Invigorates Market