XRP and SOL Lead Slight Crypto Majors’ Recovery for Sell-Off Fears

BTC rose 1.5% to trade over $26,100 in Europe, while Ether neared $1,700 before falling to $1,650.

The CMI, a broad-based index that tracks the prices of hundreds of tokens, rose 1.67% in the past 24 hours.

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XRP and Solana led gains among major crypto tokens, rising as much as 3% before retreating.

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THORChain’s rune bumped 6.8% as developers unveiled a way to allow cross-chain swaps of Bitcoin.

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U.S. Bankruptcy Court for the District of Delaware ruled that FTX could sell and invest.

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SOL dropped up to 4% following the court ruling, and Aptos, another token held by FTX, dropped nearly 2%.

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SOL holds $1.16 billion of SOL – approx 16% of the token’s outstanding supply – about $560 million in BTC.

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BTCUSD remains within the bearish momentum that has been in place since July, with lower and lower highs and lows.

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