Memecoin mania is back with everything and Bitcoin is up another 3% this week.

It may be the end of December, but the past few days have certainly been no day off for crypto.

Bitcoin (BTC) started the week quietly, but reached $44,000 per coin for the second time this month. According to CoinGecko, it is currently trading at $43,815. Over the past seven days, this is an increase of more than 3%.

The largest cryptocurrency by market capitalization continued to rise on news that the long-awaited spot Bitcoin ETF is nearing approval: BlackRock’s head of digital assets will meet with the SEC’s Trading and Markets Division on Tuesday to discuss your application I did.

Ethereum (ETH) also had a good week. The second largest digital asset rose 2% in 7 days to trade at US$2,295 this Saturday (23).

As a result, scaling solutions like Optimism (OP) and Arbitrum (ARB) also saw their prices rise, rising more than 47% and 19% per share, respectively.

The current price of OP is $3.23 and ARB is trading at $1.36.

And Solana (SOL) also continued its upward trend. This week, the asset surpassed XRP to become the fifth-largest cryptocurrency by market cap, gaining more than 30% in value in seven days. It is currently approaching $100 per coin and is priced at $96.99.

Ethereum’s rivals have performed tremendously this month and in previous months as well. New investor interest in SOL and its ecosystem has led to a surge in tokens running on the blockchain.

Solana-based memecoins were particularly popular. Dog-themed Dogwifhat (WIF), which launched last month and aims to compete with Shiba Inu (SHIB), soared 242% this week. It is currently trading at $0.27.

Also read: NEXT BONK? Dogwifhat, the new Solana memecoin, increases in value by 2,000x in just one month.

Meanwhile, BONK, the most talked-about memecoin of the past week, has cooled considerably. It is currently trading at $0.00001849 after a phenomenal rise, down 25% in 7 days.

*Translated and edited with permission from Decrypt.

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Cryptocurrency Week: Memecoin Mania Is Back With a Vengeance, Bitcoin Rises 3% More on Week appeared first on Portal do Bitcoin.