The Crypto Market Has Bounced Back – Even with the SEC Throwing a Curveball in the Ripple Lawsuit

Meanwhile, the new Crypto All-Stars (STARS) project continues to gain traction in its ICO thanks to its unique take on meme coin staking.

The crypto market is showing signs of recovery on Friday, with most major coins posting gains in the past 24 hours.

This comes despite the U.S. Securities and Exchange Commission (SEC) filing an appeal in the Ripple case, which could have major implications for the crypto industry.

Bitcoin is trading up 2.1% at the time of writing to $60,130. The world’s biggest cryptocurrency had a torrid time of it earlier this week, dropping to a low of $58,770 on Monday. However, it appears to have found some support at that level and has bounced back strongly.

Bitcoin’s price has been largely flat over the past month, having hit a record high of $69,000 in early November. Nevertheless, it is still up more than 250% year-to-date.

Other coins are also faring well on Friday, with Ethereum up 2.2% to $4,220 and XRP up 1.2% to $0.927. Dogecoin has outperformed the market once again, rising 6.1% to $0.203.

Aptos, the layer-1 blockchain that launched its mainnet earlier this week, is the biggest gainer among the top 100 coins, adding 12% to now trade at $18.3.

In total, the global crypto market cap has increased by 1.7% over the past 24 hours to $2.13 trillion. Trading volume over the same period now stands at $77 billion.

Bitcoin price sees relative calm after sell-off, but investors remain cautious

After a sell-off that saw Bitcoin lose around $10,000 in three days of heavy selling, things have calmed down a bit.

The world’s biggest cryptocurrency began the week trading at around $60,000, following a failed attempt to break above $62,000 last Friday.

Monday saw Bitcoin drop to a low of $58,770, marking its lowest level since Dec. 14.

However, traders stepped in at that support zone and bought the dip, helping BTC close the day up around 1%.

Tuesday saw further gains of around 2%, as Bitcoin slowly edged its way back up towards the $60,000 mark once again.

After beginning Wednesday trading at $59,400, Bitcoin finally managed to reclaim $60,000 later in the day.

Closing the day up around 2.5%, BTC continued rising on Thursday, reaching a high of $60,330.

After a brief sell-off saw Bitcoin drop to $59,970, it began trading flat once again, ultimately closing the day up around 1%.

Now trading at $60,130, Bitcoin appears to have found some stability following the sell-off earlier in the week.

Investors are still awaiting clearer signals before making their next move, and many are sitting on the sidelines for now.

As evidenced by the Crypto Fear & Greed Index, which remains in Fear territory, investors are still largely cautious despite the market rebound.

This could see things remaining relatively quiet until the new year.

Crypto All-Stars’ MemeVault combines meme coins, offering passive rewards

While investors are keeping a close eye on the SEC and awaiting the next Bitcoin move, new projects continue to impress.

One of those projects is Crypto All-Stars, which is nearing the $2 million mark in its STARS ICO.

This is quite impressive considering the market sell-off earlier this week, and it shows that investors are still hungry for new ideas.

So, what’s got everyone so excited about Crypto All-Stars?

Well, it’s mainly their MemeVault, a platform that's causing a stir in the meme coin space.

Imagine you have a bunch of different meme coins, like DOGE, PEPE, and FLOKI, just sitting in your crypto wallet.

Instead of letting them sit there, you can stake them in the MemeVault.

And the best part is that you earn STARS tokens as rewards, which you can hold or trade on the open market after the ICO ends.

The exact yield will change over time, but the idea is simple: combine all those different meme coins under one reward system.

This setup could be revolutionary, and the crypto community seems to think so, with thousands of people now active in Crypto All-Stars’ Telegram group.

The official STARS Twitter page also boasts over 14,000 followers.

However, the MemeVault is still in development, and investors can only grab STARS tokens through the ongoing ICO.

These tokens are currently priced at $0.0014

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