What Happened in Crypto Today: XRP Falls, and Alpaca Price Soars

What Happened in Crypto Today: From Alpaca Pump to ETF Delays

What a wild day in the crypto world! One coin soared 360% while another crashed, and even the big legal news stunned everyone. El Salvador is still betting on Bitcoin, while the U.S. may be finally bringing crypto rules. Even PayPal got a surprise win! So what exactly happened today that's making traders e

Alpaca Coin Price Jumps 360% After Binance News!

Today, Alpaca Coin surprised everyone by jumping over 360% in just one day, reaching $1.17. This big rise came right after Binance said it will remove the coin. Usually, prices fall when coins get delisted, but Alpaca did the opposite! Many traders rushed to buy it, thinking it might be their last chance. That panic buying pushed the price up super fast in a single day.

El Salvador Buys More Bitcoin, Even After IMF Warning

Despite being instructed to cease by the IMF, El Salvador continues to purchase Bitcoin. To help repair its economy, the nation had agreed to pay the IMF $1.4 billion. But the government says Bitcoin is still a big part of their plan. They even bought 1 more Bitcoin last week. Now, they own over 6,154 Bitcoins. President Bukele is serious about saving Bitcoin for the future.

XRP Price Falls After ETF Delay: What’s Going On?

XRP price is falling again and investors are worried. Right now, it’s trading at $2.24 with a small drop of 1.63% in the last 24 hours, according to CoinMarketCap. The reason is a delay in the XRP ETF approval by the SEC. Franklin Templeton’s ETF decision was pushed to June 17. This news made people nervous, causing the price to go down even after last month’s 8% gain.

Big Crypto News: US May Pass Stablecoin Law Before May 26!

The US Senate may vote on a new law called GENIUS-Act before May 26.  This law will provide rule-making for stablecoins like USDT and USDC. The bill finds good support from both sides of the political aisle. If passed, it will probably become the first major legislation on cryptocurrency in the USA. Tether and Circle, who make stablecoins, are watching closely. This may help the crypto world get clear and fair rules.

Big Win for the Industry! SEC Drops Case on PayPal’s PYUSD Coin

In a big move, the SEC's investigation of PayPal's PYUSD stablecoin is now complete.  PayPal was served legal notice in the month of November, in the year 2023, however, SEC has confirmed that it will be taking no action against it. This is good news for the whole cryptcurrency realm as it depicts the progress and maturing of such legal issues. Following court victories in favor of the crypto world, this counts as yet another great advantage

Conclusion

Today was a crazy day in the crypto market! Alpaca Coin shocked everyone with a 360% jump, while XRP fell because of ETF delays. El Salvador is still buying Bitcoin, even after warnings. The U.S. may soon pass a stablecoin law, and PayPal got good news as the SEC dropped its case. Overall, a mix of big gains, legal moves, and surprises.