Bitcoin, Binance, Ethereum, Solana, Ripple: the biggest cryptocurrency news from the past week.

Amid revolutionary announcements, technological developments, and regulatory turmoil, the cryptocurrency ecosystem continues to prove to be a zone of boundless innovation and a battleground for regulatory and economic issues. Here’s a summary of the most important news from the past week about Bitcoin, Ethereum, Binance, Solana, and Ripple.

Bitcoin breaks record with $19 trillion in circulation in 2024

In 2024, Bitcoin reached a new historic peak with $19 trillion in transactions processed in one year, an impressive number after two years of decline. This amazing recovery is the result of several key factors. The approval of Bitcoin ETFs in the US has allowed an influx of institutional capital, boosting interest in these assets. The April 2024 halving, by reducing the issuance of Bitcoin, also contributed to intensifying scarcity and increasing demand.

In addition, the accelerated network facilitated fast and inexpensive payments, cementing Bitcoin’s role as a global financial infrastructure. With a hash rate of up to 1,000 EH/s, the network has also enhanced its security, while attracting investors’ attention for its ability to process massive amounts. These developments demonstrate Bitcoin’s growing position as a pillar of traditional finance. 🔗 Read the full article here

Ethereum gains ground as HODLers explode in 2024

In 2024, Ethereum saw the number of HODLers reach 75%, up from 59% at the beginning of the year, indicating a significant return of confidence among investors. This trend, which contrasts with the decline in the number of Bitcoin users (from 70% to 62% over the same period), is explained by strategic advances such as Ethereum 2.0 and the introduction of staking. These innovations not only enhanced the network’s security and efficiency, but also offered attractive passive returns, encouraging users to hold on to their ETH.

Bitcoin, on the other hand, has suffered from increased volatility, prompting some investors to sell to maximize their short-term profits. With the growing adoption of decentralized applications, Ethereum is positioning itself as a long-term technology leader, at the expense of its main competitor. 🔗 Read the full article here

XRP on the attack: the gap with Ethereum is shrinking significantly!

XRP, Ripple’s cryptocurrency, will see explosive growth in 2024, narrowing the gap with Ethereum in market capitalization. Buoyed by the legal victory against the SEC and the introduction of the RLUSD stablecoin, the price of XRP saw a rise to $2.37, with almost 500% growth in just a few months. Analysts estimate that if XRP reaches $4.36, its market value could exceed that of Ethereum, which is currently worth $436.3 billion.

Ripple is benefiting from renewed confidence among investors, driven by regulatory developments and speculation around a potential XRP ETF. The medium-term forecast indicates a price range between $6.4 and $27.5, depending on market dynamics and increased adoption of Ripple solutions in cross-border payments. This move, combined with a more favorable regulatory environment in the US, could turn XRP into a serious competitor to Ethereum in the altcoin market. 🔗 Read the full article here

Bitcoin reaches the highest levels of security with an unprecedented hashrate in 2024

The Bitcoin network surpassed an unprecedented milestone in 2024, with the hash rate reaching 1,000 EH/s, doubling in just one year. This astonishing increase reflects the huge investments miners are making in advanced infrastructure, despite challenges associated with rising energy costs and increased competition. This record computational power, which occurs after the halving in April 2024, enhances the network’s security and increases its appeal to institutional investors.

However, this gradual centralization of the hash rate among some major players raises questions about the balance of decentralization. Meanwhile, the emergence of Bitcoin ETFs and the growing adoption of payment solutions such as the accelerator network position Bitcoin as a major player in global finance. 🔗 Read the full article here

Solana: 84% chance of creating a revolutionary ETF in 2025!

Financial giant Van Eck estimates an 84% chance of the Solana ETF being approved in the US by the end of 2025. This optimistic forecast is based on favorable market dynamics, characterized by increasing adoption of cryptocurrencies and the rapidly evolving US regulatory landscape. Solana, known for its speed and low transaction costs, is attracting more and more attention, especially with the emergence of high-performance decentralized applications and their adoption by institutional players.

If this ETF is approved, it could open the doors to massive new capital and expand access to the Solana network to institutional audiences. The cryptocurrency community remains alert to regulatory challenges that could hinder the progress of this ETF, especially Solana’s legal classification as a financial asset. 🔗 Read the full article here

These are the main meals for this week. But if you’d like a more detailed summary and in-depth analysis straight to your inbox, feel free to do so Subscribe to our weekly newsletter.

Disclaimer

The views, thoughts and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decisions.