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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.
Regulation, political movements, and technology are driving crypto’s rise in mainstream finance.
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.
BlackRock launches a European Bitcoin ETP as Litecoin rallies on ETF speculation. Institutional interest remains strong, while altcoins post mixed results amid market uncertainty.