It may be December but it sure doesn’t seem like the holiday season—at least not for the crypto world, anyway.
Bitcoin started sleepy but hit $44,000 per coin for the second time this month. It is now trading for $43,815, according to CoinGecko. Over the past seven days, that’s an increase of over 3%.
The biggest digital coin by market cap continued to rise on the news (surprise, surprise) that a long-awaited spot Bitcoin exchange-traded fund (ETF) might be closer to approval: BlackRock’s Head of Digital Assets met with the SEC’s Division of Trading and Markets on Tuesday to discuss its application.
Ethereum (ETH) also had a bumper week. The second-biggest digital asset is now up over seven days, priced at $2,295.
As a result, scaling solutions such as Optimism (OP) and Arbitrum (ARB) also increased in price, jumping more than 47% and 19% over the week, respectively.
OP is now priced at $3.23, and ARB is trading hands for $1.36.
And Solana (SOL) continued to rally. This week the asset flipped XRP to become the fifth biggest digital coin by market cap and surged over 30% in seven days. It is now closing in on $100 per coin and is priced at $96.99.
The Ethereum competitor has had a tremendous run this month—and last, as renewed investor interest in SOL and its ecosystem has led to tokens that run on its blockchain going up.
Solana-based meme coins have been particularly popular: the dog-themed Dog-themed Dogwifhat (WIF), which launched just last month and wants to compete with Shiba Inu (SHIB), blew up by 242% this week. It’s now trading for $0.27.
Meanwhile, Bonk (BONK), the meme coin that was the talk of the town last week, cooled right down: it has now dropped by 25% over seven days, coming in priced at $0.00001849 after a phenomenal rally.
Edited by Ryan Ozawa.
