Leading cryptocurrencies, including Bitcoin and Ethereum, saw a rise in value during the Asian session due to a drop in bond yields and a positive ruling in the ongoing SEC vs. Ripple Labs lawsuit. The yield on the 10-year Treasury note fell significantly after weaker-than-expected employment data raised hopes of an earlier interest rate cut by the Federal Reserve. Judge Analisa Torresre’s decision against the SEC’s appeal in the Ripple case was seen as a defeat for the regulator. Bitcoin’s price is expected to test key resistance at $28,800, while XRP’s price saw an impressive rally and could move towards resistance at the 0.61 cent level.
AI Sentiment: Positive
