Bitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days. Ethereum (ETH) and Ripple (XRP) prices stood relatively stronger and have gained nearly 3% and 7%, respectively, this week.
Ripple’s XRP is up 4% in the early hours of Friday following the Securities and Exchange Commission (SEC) acknowledgment of Grayscale’s 19b-4 filing to convert its XRP Trust to an ETF.
Ethereum (ETH) is down 1% on Thursday after experiencing another rejection at the $2,817 support level. The Ethereum Foundation’s capital allocation to several decentralized finance (DeFi) protocols failed to catalyze ETH’s price as the crypto market remains subdued by macroeconomic factors.
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