The past seven days made for quite an exciting week in the cryptocurrency field, despite the fact that some of the events weren’t particularly positive. However, the market managed to stabilize and consolidate, gaining around $14 billion in the process. Let’s dive in.

On March 27th, the United States Commodities and Futures Trading Commission (CFTC) slapped Binance – the world’s leading cryptocurrency exchange – with a lawsuit. The 74-page complaint also included its CEO, Changpeng Zhao, and outlines multiple allegations, including that of neglecting the implementation of controls that would prevent illicit finance.

The complaint goes on and on, and you can find some of the details here. It’s worth mentioning, though, that as soon as the news broke out, bitcoin’s price tumbled by about $1400 almost immediately. This also dragged the entire market through the mud, wiping billions off the total capitalization rapidly.

Fortunately, things appear to have calmed down, and, at the time of this writing, BTC trades at around where it was before the lawsuit. The same is true for Ethereum. However, some of the other leading altcoins, such as BNB, DOGE, MATIC, and SOL, are all trading in the red.

The most obvious outlier and the cryptocurrency that performed the best throughout the past seven days (at least amongst the top 20) is XRP. It absolutely dominated the markets during the week and is up a whopping 20% at times when most others struggle to trade in the green.