Dogecoin’s price is experiencing a 4.4% decline after last week’s surge triggered by news of an ETF approval. While the pullback reflects some profit-taking, Dogecoin remains one of the top-performing cryptocurrencies over the past week, buoyed by institutional interest and bullish sentiment.
The cryptocurrency market witnesses a downtrend, hovering between $3.10 trillion and $3.20 trillion, as Bitcoin tests resistance levels and altcoins face declines, partly due to a recent hack on Bybit’s wallet. ETF inflow dynamics show a shifting investor sentiment in a week marked by volatility.
Litecoin (LTC) has bucked the overall crypto market trend by posting a 4.5% gain, with signs pointing towards a potential 30% price surge should it breach the $140 resistance mark.
Ripple’s XRP experienced a noteworthy 9% surge, reclaiming its third-place ranking in market capitalization following Ripple’s announcement of launching a new stablecoin, RLUSD. This move signifies a growing investor confidence in Ripple’s ecosystem and its expanding role in the stablecoin market.
