Crypto Market Today: Bitcoin Price Holds Firm at $80k, Ethereum Price Grips $1.5k

Ripple Labs and the SEC have filed a joint motion with the U.S. Court of Appeals for the Second Circuit to place the appeal proceedings on hold. The proposed deal reduces Ripple’s civil penalty from $125M to $50M. XRP has reacted calmly, trading at $1.99, down 0.39%, with a 24H volume of $4.12B, which is down by 51.77%. Talking about XRP’s next move, it could target $2.02 next.

Bitcoin is trading at $80,530, down 1.88%, despite a positive boost from the latest U.S. CPI data. Inflation rose just 2.4% in March—below the expected 2.6%—sparking a broader crypto market rally led by Ethereum and altcoins. Bitcoin’s 24-hour range was between $78,456 and $82,339, with a market cap at $1.59 trillion. However, trading volume plummeted 42.65% to $44.67 billion, suggesting a cautious investor mood despite the bullish macroeconomic signal.