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XRP surges with whale activity, driving price and market cap. The crypto market grows by 3.46% to US$3.39 trillion. Chainlink rises 29%, and HBAR sees a 700% rally. ASIC proposes expanded crypto regulations.
The crypto market logged its fourth week of growth, with the total crypto market cap up 3.46% to US$3.39 trillion, driven by investor confidence, liquidity, and capital inflows.
An Australian MP emphasises the rising significance of digital assets and blockchain, while crypto markets prepare for Bitcoin's $100,000 milestone. Analysts predict Bitcoin's $93K dip may be the final drop before a surge, as Australia lags in crypto innovation.
In the last trading week, the cryptocurrency market saw significant gains, driven by positive sentiment and key developments across various coins.
BTC ETF options drove record growth, while Ethereum ETFs saw US$515 million in inflows. Solana prices soared, and speculation grew over Trump’s SEC Chair pick amid Ripple case developments. Chainlink partners on Brazil's CBDC pilot.
The rally saw a surge of over 116% before closing with an 81.93% gain, marking XRP's strongest performance in three years, driven by optimism surrounding Ripple’s legal battle with the U.S. SEC and the potential for a more favourable regulatory environment.