Bloomberg: Cryptocurrencies rise slightly again as stock market sell-off intensifies

ChainCatcher news, according to Bloomberg, major cryptocurrencies saw a slight increase on Thursday after Ripple Labs Inc. was ordered to pay a $125 million fine------a result that the company views as a victory over the U.S. Securities and Exchange Commission (SEC).

Bitcoin rose by as much as 4.5%, surpassing $57,600, while Ethereum, the second-largest market cap token, briefly increased by nearly 5%. Nevertheless, both tokens remain well below their levels from a week ago.

Meanwhile, the global stock market sell-off intensified, reflecting concerns over the economic outlook and tensions in the Middle East, as well as fears that heavy bets on artificial intelligence may not yield the expected returns.