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.
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.
BlackRock launches a European Bitcoin ETP as Litecoin rallies on ETF speculation. Institutional interest remains strong, while altcoins post mixed results amid market uncertainty.