Weekly Crypto Roundup: Updated 7 December 2024

This week, the crypto market showed contrasting movements, with Bitcoin (BTC) gaining +2.48%, thanks to increased institutional interest, including MARA Holdings Inc.’s acquisition of $1.1 billion worth of BTC, signaling strong confidence in the asset. Despite high demand for Ethereum (ETH) in the crypto market, its price dropped by -1.23%, likely due to broader market sentiment. Altcoins faced sharp declines, with Solana (SOL) plunging -7.11% as the prices of popular memecoins like BONK, Popcat, and PNUT, built on the Solana blockchain, took significant hits. Ripple’s XRP suffered a steep -13.00% decline, Litecoin (LTC) fell -6.78%, Bitcoin Cash (BCH) dipped -10.00%, and Uniswap’s UNI token slid -3.08%. Despite these price dips, analysts remain optimistic, predicting a market reversal soon as fundamentals for many assets remain strong, and investor sentiment shows signs of recovery.

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