ChainCatcher reported that according to Bloomberg, major cryptocurrencies rose slightly on Thursday after Ripple Labs Inc. was ordered to pay a $125 million fine - a result that the company viewed as a victory over the U.S. Securities and Exchange Commission (SEC).
Bitcoin rose as much as 4.5% to over $57,600, while Ethereum, the second-largest token by market cap, rose nearly 5% at one point. Still, both tokens are well below their levels from a week ago.
Meanwhile, a sell-off in global stock markets intensified, reflecting concerns about the economic outlook and tensions in the Middle East, as well as fears that big bets on artificial intelligence may fail to deliver expected returns.