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Bitcoin‘s price continues to stay above $43,000 during the weekend and these closures are positive for further increases. We will share a separate evaluation article on significant developments in the short term next week. So what are the altcoins that stand out in the current situation, what is the latest situation?
Bitcoin (BTC)
The king cryptocurrency was finding buyers at $43,841 as the article was prepared. It maintains 11.2% of its weekly gain. The cumulative volume fell approximately 10% compared to yesterday and receded to $60 billion. The total market value of all cryptocurrencies is hovering around $1.63 trillion.
File updates in ETF applications, ongoing discussions between the SEC and potential issuers keep investors’ excitement alive. There are only 30 days left and the SEC will have its final say between January 9-10.
Most of the time, we have seen that when the market is sure about a subject, it happens. If we do not suffer a great disappointment in terms of SEC approval, this could attract more investors to crypto next year.
In futures, BTC open positions fell 1.45% compared to yesterday. The trading volume fell more than the spot by 34%. The $19.6 billion open position still confirms a strong bullish sentiment.
Latest on Altcoins
XRP, AVAX and ADA Coin futures volume increased double digits compared to the world. The view is positive as the size of the positions also increased significantly and still did not turn its direction down. Solana, on the other hand, started the second leg of the rally as the airdrop frenzy began to sweep the network. The corporate crypto investor report coming on Monday will be extremely important. Here, SOL Coin entries can encourage individual investors again.
The altcoin that earned the most weekly was BONK Token, which increased by 133%. The other three-digit rising altcoin was BTT Coin. Such movements remind investors of the excitement of the bull season. The last altcoin that rose the most among the top 100 cryptocurrencies was ORDI with a 56% increase.
Even in such an upward-filled week, the altcoins that managed to lose were DYDX, RUNE, MKR, IOTA, KAS and the like. Some of these made the list because they returned some of the big gains they made last week.
