A recent report by CoinShares revealed that crypto investment products experienced $206 million in outflows last week, with Bitcoin and Ethereum accounting for the majority of the outflows, while altcoins like Litecoin and Chainlink saw substantial inflows during the same period.
While Solana (SOL) surpassed BNB in market cap, fueled by new meme coin launches, the highly anticipated Milei Moneda ($MEDA) is poised to outshine both, with experts predicting a remarkable price upswing upon its imminent launch.
Bitcoin experienced its most volatile weekend in a year, slipping from an all-time high of $72,760 to as low as $64,550 before recovering to around $68,300. Meanwhile, Solana stole the spotlight, surging 36% over the past week and leading market gains.
Ripple’s XRP token jumped over 20% on Monday, fueled by large transfers worth millions of XRP from the crypto exchange Binance, as the broader crypto rally extends to previously lagging assets.
Scaling solutions and smart contract platforms built on Bitcoin like Stacks, RSK and MAP Protocol saw double-digit token gains outpacing even Bitcoin’s rally to $56,700.
Solana suffered a double-digit decline this week, losing over 12% of its value, as active addresses and trading volume dropped significantly, contributing to the bearish outlook for the token.
