Bitcoin has recovered above the $28,000 level, showing resilience despite regulatory action against crypto exchange Binance. XRP tokens have jumped for a second straight day, gaining 11% in the past 24 hours, buoyed by speculation that they may be classified as commodities rather than securities, which could help Ripple win its case against the SEC. Other tokens have also rallied, including Ether, which rose 4% after Ethereum developers confirmed the Shapella upgrade for April 14, and Cardano's ADA, which jumped 8%. However, on-chain analysis suggests that XRP prices may dip in the coming days, as transactions "in profit" have reached a 19-month high, suggesting traders may lock in recent gains.

(By Shaurya Malwa)