This Week in Coins: Meme Coins Make Comeback, Bitcoin Holds Steady and Avalanche Blows Up - Decrypt


18 Nov 2023 5:01 PM

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.

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You May Ask

What is the current price of Bitcoin?How did Bitcoin perform over the past week?Which meme coin performed well recently?What caused the surge in Avalanche's price?What is the current price of Solana?

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