Post-election highs give way to market recalibration amid meme coin mania and major hacks.
Over the past trading week, ETH gained more than 5%, despite a major hack on one of the world’s largest exchanges on Friday. The crypto industry responded with unity, as key players took action to manage the fallout.
Altcoins see mixed performance as XRP ETF gains traction and Solana drops 17%. Bitcoin ETFs face US$585M outflows, while Ethereum struggles. Bitcoin holds above US$96K. RBA cuts cash rate to 4.10% amid US economic concerns.
Marking a new era for Aussie investors, crypto matures with institutional investment and regulatory shifts.
As institutions double down on crypto, Bitcoin remains in a consolidation phase. XRP surged on ETF news and Grayscale filed for a Cardano ETF. Goldman Sachs invested billions in Bitcoin, and Abu Dhabi’s sovereign fund poured US$436M into BlackRock’s Bitcoin ETF.
Bitcoin rebounded quickly after it briefly fell below US$95,000 on disappointing U.S. inflation data.