In a week of diverse crypto movements, Large caps Bitcoin (BTC) and Ethereum (ETH) both experienced a solid gain of 6.18% and 5.79% each. One contributing factor was the positive reaction to lower-than-expected U.S. inflation data which may have led to a rebound in Bitcoin prices. Solana stole the spotlight with an impressive surge of 32.24%. Solana’s 32% surge this week was fueled by easing concerns over token sales, growing excitement around Bitcoin ETFs, and a general positive trend in the crypto market. Institutional inflows, rising futures open interest, and positive funding rates signaled strong bullish sentiment, with a technical breakout above a key resistance contributing to the rally. On the other hand XRP faced a -4.02% setback amid a hoax suggesting BlackRock’s involvement in an XRP product, causing a brief 12% surge to $0.73 before retracting all gains upon confirmation of the fake news. What do you think about these fluctuations? Let us know in the comments below!
