This week, the cryptocurrency market saw varied performances across major assets. Ethereum took a significant hit, dropping 11.57% despite the short-term drop, Ethereum’s long-term fundamentals remain strong. The recent Ethereum ETFs, such as those from VanEck and Grayscale, still signal growing institutional interest, which could lead to more capital inflows in the future. On the positive side, Litecoin rose by 7.53%, bolstered by increased interest following the activation of its MimbleWimble upgrade, which enhances privacy and scalability. CryptoSlate highlighted that this upgrade has made Litecoin more appealing to privacy-conscious users, driving the price upward. XRP also posted a gain of 7.14%, with investors showing renewed confidence due to favorable updates in Ripple’s ongoing legal battle with the SEC. CoinTelegraph reported that recent court developments have leaned in Ripple’s favor, fueling bullish sentiment. Solana experienced a 5.55% rise, driven by improvements in its network performance and ongoing ecosystem development. According to Coinglass, recent upgrades, such as the Solana 1.10 update, have increased transaction speeds and reduced fees, attracting more users and developers to the platform. Uniswap remained stable with no significant price change, despite the recent integration with PayPal. As reported by Decrypt, while the partnership expanded access to crypto trading, the market response has been subdued, reflecting a cautious sentiment among investors.
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