Bitcoin Rally Cools, But Solana, Pepe, and XRP All Jump in Price

Bitcoin has slowed down its run, but a number of altcoins have soared in price in the past day.

Of the top 20 largest coins and tokens by market cap, Solana is the best performer: It’s up over 7% in the past 24 hours, trading hands for $34.78, according to CoinGecko.

In the past week, Solana, which until recently had been experiencing dips in price following mentions at disgraced crypto mogul Sam Bankman-Fried’s trial, has climbed nearly 20%.

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XRP has also made notable gains. The asset is up nearly 5% in the past 24 hours, currently priced at $0.58.

Meanwhile, Avalanche, the 20th largest digital asset by market cap, is up over 3% in the past day. It has been steadily making gains over the past week—and is up 17% in that time frame.

And meme coin Pepe is still on the up—the relatively new digital asset is now priced at $0.00000120, a nearly 5% 24-hour rise in price, but in the past week it is the winner: it has jumped by over 60%.

Most digital coins and tokens have experienced a jump in the past week as investors continue to plug cash into the space due to increased optimism around the approval of a Bitcoin exchange-traded fund (ETF).

A number of high-profile Wall Street firms have applied to the U.S. Securities and Exchange Commission for such a product; now, experts think it’s only a matter of time before the top regulator gives the green light to one of the applications.

Bitcoin, the biggest cryptocurrency by market cap, is not up significantly in the past day but has gained nearly 14% over seven days.

At the time of writing, Bitcoin was trading for $34,664.

Edited by Stacy Elliott.