• Bitcoin
  • Blockchain
  • Crypto
  • Metaverse
  • AltCoins
  • Business
  • Investment
  • Upcoming
What's Hot

Bitcoin Sellers Exhausted, Accumulators HODL – Bitcoin Magazine

January 27, 2023

Silvergate Suspends Dividends on Preferred Stock; Argo Blockchain Faces Class-Action Suit

January 27, 2023

New GC in crypto space says compliance is top priority

January 27, 2023
Facebook Twitter Instagram
  • Bitcoin

    Bitcoin Sellers Exhausted, Accumulators HODL – Bitcoin Magazine

    January 27, 2023

    Sen Ted Cruz Wants Capitol Vendors Accept Bitcoin – Bitcoin Magazine

    January 27, 2023

    Clover Integrates Bitcoin Lightning With Strike – Bitcoin Magazine

    January 27, 2023

    BitPay Announces Partnership With MoonPay – Bitcoin Magazine

    January 26, 2023

    Bitcoin Grants Us Belief – Bitcoin Magazine

    January 26, 2023
  • Blockchain

    Silvergate Suspends Dividends on Preferred Stock; Argo Blockchain Faces Class-Action Suit

    January 27, 2023

    Gate2Chain Blockchain, Tourism and the Future of the Internet Conference highlights

    January 27, 2023

    Blockchain Comparative Guide – – Cayman Islands

    January 27, 2023

    Enjoy & Earn” opens for Global Pre-registration on Google Play

    January 27, 2023

    Courts Approve Alternative Service Via Twitter and Blockchain in Cryptocurrency Cases | Akerman LLP

    January 26, 2023
  • Crypto

    Aave deploys V3 on Ethereum after 10 months of testing on other networks

    January 27, 2023

    The dirty secrets of cryptocurrency explained

    January 27, 2023

    SEC Is Investigating Financial Advisors Over Cryptocurrency Custody

    January 27, 2023

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    January 27, 2023

    What Does a Risk Analysis Say About Ethereum (ETH) Thursday?

    January 26, 2023
  • Metaverse

    The metaverse is creating a new virtual marketplace for retail brands

    January 27, 2023

    Chainers Review – Free-To-Play NFT Game For Degens

    January 27, 2023

    Keep an eye out for major company NFT trademark filings this year

    January 27, 2023

    Should Your Law Firm Set Up Shop In The Metaverse?

    January 26, 2023

    How Fashion Schools Are Teaching the Metaverse

    January 26, 2023
  • AltCoins

    Three Well-Known Altcoins That Traders Should Keep An Eye On By CoinEdition

    January 27, 2023

    5 Altcoins That Lead Crypto Market Gainers

    January 27, 2023

    Top 3 Altcoins to Splash Out in February 2023-Do You Have Some in your Portfolio? – Coinpedia Fintech News

    January 27, 2023

    Crypto Analysts Believe These Altcoins Will Explode in Value in 2023 – Find Out Why

    January 27, 2023

    Optimism Price Prediction as $700 Million Trading Volume Comes In – Time to Buy?

    January 26, 2023
  • Business

    New GC in crypto space says compliance is top priority

    January 27, 2023

    IRS Releases Memorandum on Deducting Cryptocurrency Losses | McDermott Will & Emery

    January 27, 2023

    Australian cryptocurrency casino inks record Formula 1 sponsorship deal

    January 27, 2023

    Cryptocurrency Price Today In India January 27 Check Global Market Cap Bitcoin BTC Ethereum Doge Solana Litecoin Fantom Threshold Gainer Loser

    January 27, 2023

    Mango Markets to Resume Crypto Trading, SEC Be Damned

    January 26, 2023
  • Investment

    SEC is investigating investment advisers over crypto custody – Cryptopolitan

    January 27, 2023

    Bit Brother Increased Its Investment in Blockchain Field and Entered Brokerage Agreement to Purchase 400 Mining Rigs with Estimated Hash Rate of 40,000 TH/S

    January 27, 2023

    Big Eyes Coin Another Eco-Friendly Coin Soon to Join Market – CryptoMode

    January 27, 2023

    Ways To Earn Free Bitcoin In 2023 – Forbes Advisor INDIA

    January 27, 2023

    Barry Silbert keeps quiet as Genesis goes down in flames By Cointelegraph

    January 26, 2023
  • Upcoming

    Reasons For The Rally And Where Is Ada Headed Next?

    January 27, 2023

    Is a Breakout in BCH possible? A Technical Analysis of the … – The Coin Republic

    January 27, 2023

    Can Illuvium Become Crypto Gaming’s AAA Breakthrough?

    January 26, 2023

    Crown Castle earnings missed by $0.03, revenue topped estimates By Investing.com

    January 26, 2023

    Goldman Sachs Ranks Bitcoin As World Best Performing Asset

    January 26, 2023
investorstoday.press
investorstoday.press
Home»Crypto»This Week in Coins: Bitcoin and Ethereum Rise, Solana Rises Most
Crypto

This Week in Coins: Bitcoin and Ethereum Rise, Solana Rises Most

maikdezana@icloud.comBy maikdezana@icloud.comJanuary 21, 2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
This week in coins. Illustration by Mitchell Preffer for Decrypt.

The third full week of 2023 was also the third consecutive week of market-wide gains for all the top cryptocurrencies.

Market leaders Bitcoin and Ethereum have kept pace with each other to once more bring crypto’s total market capitalization back above a trillion. Crypto investors may feel like we’ve gone back to the heady days of Bitcoin’s bull run—though of course we’re far from its 2021 highs. 

Bitcoin (BTC) blew up 16% over the past week and trades at $22,963 at the time of writing, according to CoinGecko data. That’s still a 64% drop from Bitcoin’s all-time high above $69,000 on November 10, 2021. 

Ethereum (ETH) rose 14% and currently trades at $1,654. On Tuesday, the Ethereum network hit 500,000 validators ahead of March’s scheduled Shanghai upgrade. Shanghai will allow validators, who each must stake 32 ETH (about $50k) to begin mining Ethereum using the network’s proof-of-stake consensus mechanism, to withdraw their staked ETH and any rewards that have accrued so far. 

The two market leaders had briefly dipped on Wednesday in anticipation of a U.S. Department of Justice announcement concerning a “major international cryptocurrency action.” Even Binance CEO Changpeng Zhao appeared to be spooked, but it ended up being about a little-known Chinese exchange called Bitzlato, prompting many memes and much hilarity on Twitter. 

For the third straight week, Solana (SOL) led the market rebound, rising more than any other top 20 coin. SOL is up 40% over the last seven days to reclaim $25.

Of all the leading cryptocurrencies, Solana was worst affected by the FTX meltdown in November last year due to the fact that FTX was one of the earliest and largest financial backers and endorsers of the cryptocurrency. Solana was trading at nearly $36 when the crisis began, ultimately bottoming out below $10, so the recovery comes as massive relief to steadfast SOL holders.  

Popular memecoin Shiba Inu (SHIB) also had an explosive week and blew up nearly 28%, far outpacing the memecoin it parodies, Dogecoin (DOGE), which added 7.4% to its price.  

Metaverse coins were another big small cap investment this week. Decentraland’s MANA led the charge with a mighty 79% rally to $0.73, but metaverse token rallies were generally large this week. 

Other notable rallies this week include XRP, which blew up 9% to $0.41, Polygon (MATIC) rose 11% to $1.02, TRON surged 9.7% to $0.063, and Avalanche (AVAX) climbed 12.8% to $17.39. 

Discussing a digital Euro

Finally, over in the political world, there weren’t many further steps taken towards regulating crypto anywhere in the world this week, but some interesting news came out of Brussels.

The European Central Bank is currently investigating the feasibility of releasing a cryptocurrency of its own—a digital Euro. The Eurogroup, which comprises finance ministers of EU member states employing the Euro (€), regularly meets to discuss the topic. 

In their latest exchange, they concluded that any currency created by the digital Euro project must offer EU citizens privacy and fall in line “with other policy objectives such as preventing money laundering, illicit financing, tax evasion, and ensuring sanctions compliance.” 

On Tuesday, the European Parliament once again delayed voting on the bloc’s landmark Markets in Crypto Assets (MiCA) bill—a unified regulatory framework that, if passed, will be applied to crypto across the Union. Voting will now happen in April. 

Stay on top of crypto news, get daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
maikdezana@icloud.com
  • Website

Related Posts

Aave deploys V3 on Ethereum after 10 months of testing on other networks

January 27, 2023

The dirty secrets of cryptocurrency explained

January 27, 2023

SEC Is Investigating Financial Advisors Over Cryptocurrency Custody

January 27, 2023

Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

January 27, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest crypto news

Advertisement
Demo
Top Insights

Bitcoin Sellers Exhausted, Accumulators HODL – Bitcoin Magazine

January 27, 2023

Silvergate Suspends Dividends on Preferred Stock; Argo Blockchain Faces Class-Action Suit

January 27, 2023

New GC in crypto space says compliance is top priority

January 27, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Categories
  • AltCoins (1,376)
  • Bitcoin (1,353)
  • Blockchain (1,361)
  • Business (1,355)
  • Crypto (1,342)
  • Investment (1,360)
  • Metaverse (1,338)
  • Upcoming (1,298)
Facebook Instagram
  • Contact Us
  • privacy policy
  • about us
© 2023 Designed by investorstoday.

Type above and press Enter to search. Press Esc to cancel.