This week, cryptocurrency prices have experienced a decline as investors anticipate the likely commencement of the Federal Reserve’s rate-hiking campaign in the United States. Bitcoin (BTC) declined by 1.46% and is stuck just below the $30,000 mark. Ethereum (ETH) and Litecoin (LTC) both suffered a decline of 3.25% and 1.28% in price respectively. Despite a receding regulatory threat, Ripple (XRP) sees a 7% decline in its price as XRP blockchain continues to grapple with concerns over centralization. The broad weakening of the crypto market, with both Ethereum and bitcoin declining, paired with a building selling pressure has seen Solana (SOL) decline by 7.6%. However, the week’s theme of declining prices does not apply to Uniswap (UNI). Uniswap has gained a 2.38% increase in its price, as the launch of its new features aims to eliminate DeFi pain points.
#WeeklyCryptoRoundup #CryptoNews #TokenizeMalaysia