This Week in Coins: Meme Coins Make Comeback, Bitcoin Holds Steady and Avalanche Blows Up - Decrypt
Meme coins made a strange resurgence this week, with Dogecoin (DOGE) being one of the best performers....
- Bitcoin (BTC) is currently trading at $36,735 with a 2% increase in the past 24 hours.
- Bitcoin started the week strong but struggled to stay above the 18-month high of $37,000 per coin.
- The U.S. Securities and Exchange Commission delayed spot Bitcoin ETF applications from Franklin Templeton, Hash Dex, and Global X.
- Dogecoin (DOGE) and Shiba Inu (SHIB) performed well, with DOGE priced at $0.08 and SHIB at $0.00000861.
- Solana (SOL) saw its rally slow down after hitting a yearly high, currently priced at $58.31.
- Avalanche (AVAX) surged after J.P. Morgan tokenized portfolios using its blockchain, with a 46% increase over the week.
The overall sentiment of the article is neutral to slightly positive. It mentions both positive and negative developments in the cryptocurrency market.