This week has been marked by several significant events and trends in the DeFi and cryptocurrency sectors. Let's review the key news impacting the market.
Bitcoin Hits Historic $100K
Bitcoin reached an all-time high of $103,900, increasing its market capitalization to $2.04 trillion. This growth is fueled by regulatory developments and corporate adoption of cryptocurrencies, highlighting its potential as a store of value. The overall crypto market has surged to a record $3.68 trillion.
Grayscale Joins Race for Spot Solana ETF
Grayscale Investments has filed with the SEC to convert its Solana Trust into a spot Solana ETF. This move intensifies competition with firms like 21Shares and VanEck, which are also seeking similar approvals.
XRP Surges to All-Time High
XRP rose to the third position among cryptocurrencies by market cap, reaching $142 billion. This highlights its significant improvement since early 2018, making it more prominent amidst the growth of other cryptocurrencies.
These developments underscore the dynamic and rapidly evolving nature of the DeFi and cryptocurrency markets, attracting increasing interest from investors.
