This week, Bitcoin (BTC) gained 7.71% as demand grew following significant institutional interest, including large purchases by BlackRock, which drove renewed optimism in the market. Ethereum (ETH) rose 3.84%, supported by its steady progress in scalability improvements. Both assets benefitted from overall positive sentiment in anticipation of upcoming regulatory updates and market-moving events in November. Solana (SOL) rose 7.32%, supported by excitement around the upcoming Firedancer update which promises to enhance Solana’s performance and stability. Bitcoin Cash (BCH) outperformed with a 34.2% increase, fueled by renewed investor interest. Litecoin (LTC) and Ripple (XRP) saw slight declines, down 1.7% and 1.3% respectively, due to limited market momentum. Uniswap (UNI) also fell by 6.79% despite the announcement of Unichain, its Layer-2 scaling solution on the Optimism Superchain, which aims to improve DeFi scalability. As the crypto market heads into November, these developments could set the stage for further shifts across digital assets.
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