Crypto On April 15: Market Slips After Two Days Of Trading Higher; XRP, Dogecoin Zoom

The cryptocurrency market was back in red Friday after trading in the green for two consecutive days. This came as top tokens including Bitcoin and Ethereum saw a sharp drop in prices.

The global market cap was down 2.36% at $1.87 trillion, as of 3.33 a.m. ET, CoinMarketCap data showed.

Bitcoin dipped 2.99% to $40,007. Ethereum, too, plunged 3.01%. Barring Ripple's XRP, all other top 10 tokens plunged.

XRP rose 4.67% to $0.767. This could be attributed to Ripple CEO Brad Garlinghouse's statement on the ongoing battle with the U.S. Securities and Exchange Commission.

Garlinhouse said Thursday that he is confident the company will come out well as its lengthy court battle with the SEC, speaking at a CNBC event.

The company has been fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in illegal security offering through sales of XRP.

Meme crypto Dogecoin surged, while Shiba Inu plunged.

While the news of inflation in the U.S. had boosted the market for a short while, the market is back in the red.

In other news, Japan’s popular social media application, Line, has released a non-fungible token marketplace called Line NFT available to Japanese users only.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.