The past week in the crypto world was marked by significant events involving major players like Bitcoin, Ethereum, XRP, and Solana.
Bitcoin's Record Transactions
In 2024, Bitcoin reached a historical peak with 19 trillion dollars in transactions following two years of decline. Contributing factors included the approval of Bitcoin ETFs in the U.S. and the halving, reducing BTC issuance and driving demand. The Lightning Network further improved Bitcoin's global financial infrastructure role with fast and inexpensive payments.
Ethereum's Investor Growth
In 2024, Ethereum's HODLers reached 75%, up from 59% at the beginning of the year. This surge is linked to strategic innovations like Ethereum 2.0 and staking, which enhanced network security, efficiency, and offered attractive passive income.
XRP's Achievements
XRP showed explosive growth, narrowing its market cap gap with Ethereum due to a legal victory against the SEC and the introduction of the stablecoin RLUSD. XRP's price rose to 2.37 dollars, marking a 500% increase over a few months.
These events highlight the ongoing evolution and adaptation of cryptocurrencies, capturing the attention of investors and regulators worldwide.
