The cryptocurrency market has experienced significant developments in the past week, with its total capitalization now hovering around $1.14 billion. Bitcoin's price has been on a rollercoaster ride, fluctuating between $27,000 and $28,500. The market is currently optimistic, with many traders positioning themselves for a bull run as BTC exchange reserves plunge to five-year lows.

In other news, Ripple secured a major victory in its ongoing case with the United States Securities and Exchange Commission (SEC). The court ruled that secondary sales of XRP do not constitute an investment contract, meaning they are not treated as securities. This decision was widely perceived as a win for the cryptocurrency, causing XRP's price to increase by around 10% on the day of the ruling.

As we enter the last quarter of the year, it will be interesting to see how the market develops and whether Bitcoin can firmly establish itself above $28,000.