Bitcoin Continues to Rise: Coins That Jumped Over 4%
Positive momentum in the crypto market: Bitcoin rose by 2.26% over the week, while Ethereum and Binance Coin posted gains exceeding 4%.
The crypto market experienced a positive trend throughout the week. Bitcoin rose by 2.26%, with its market capitalization reaching 1.60 trillion dollars and trading at 79,588.9 dollars. In second place, Ethereum grew by 4.47%, bringing its market cap to 302.11 billion dollars at a price of 2,503.23 dollars.
According to market data, Tether rose by 0.03%, trading at one dollar with a market cap of 183.36 billion dollars. Binance Coin grew by 4.05%, reaching a market cap of 94.11 billion dollars and trading at 706.30 dollars.
Ripple showed an increase of 2.53%, with the coin price at 1.4235 dollars and a market cap of 89.04 billion dollars. The USDC currency rose by 0.01%, priced at 0.9999 dollars with a market cap of 73.71 billion dollars.
DeFi Development Corp, which trades on NASDAQ and is known for its Solana accumulation strategy, recently announced the purchase of approximately 19,000 coins at an average price of 98.14 dollars per coin. This acquisition brings the American company's treasury to approximately 2.33 million SOL coins.
Management stated that the new coins will be held as a long-term asset and integrated into the company's infrastructure to generate revenue through Solana's staking mechanism. Instead of simply holding the asset, the company plans to operate it on the network to earn interest. This move comes as Solana shows strong performance; according to company data, SOL has risen by 33% this quarter relative to the NASDAQ 100 index, while the company's stock has performed even more strongly relative to the currency.
