SOL and XRP Rise 5% While Bitcoin Hovers at $84,000

Solana (SOL) and XRP saw a 5% increase over the weekend, while Bitcoin (BTC) encountered resistance at $84,000. This movement reflects a shift in market behavior as traders increasingly turn to riskier assets.

Why are SOL and XRP rising?

Solana (SOL) gained 7% after the controversial SIMD-0228 update was voted in favor of the existing inflation structure. The high turnout demonstrates the importance of this decision for Solana’s thriving DeFi ecosystem and institutional interest.

XRP benefited from positive developments surrounding Ripple Labs. The company received a payments license in the UAE, strengthening its global expansion. In addition, reports are growing that the protracted legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is close to a settlement. This news has sparked renewed optimism among XRP investors.

Memecoins experience strong increase

Parallel to Bitcoin’s stabilization, memecoins also gained significantly. PEPE, TOSHI, and DOGE rose by as much as 40%, indicating increased risk appetite among traders.

TOSHI (+38%) and PEPE (+12%) saw particularly strong gains, although the latter subsequently corrected slightly. KEYCAT even doubled its value following a partnership with Acheron Trading, which is intended to increase liquidity.

Bitcoin: Macroeconomic uncertainty persists

Bitcoin continues to struggle with high volatility, having fluctuated between $79,000 and $85,000 over the past two weeks.

These fluctuations indicate that BTC is increasingly reacting as a risk-on asset rather than a stable store of value. According to Agne Linge of WeFi, macroeconomic factors such as inflation and geopolitical tensions are significantly influencing price performance.

Expert opinions on further Bitcoin development:

Agne Linge (WeFi): Lower inflation could encourage interest rate cuts, but geopolitical uncertainties make monetary policy prediction difficult. Alex Kuptsikevich (FxPro): A strong breakout above $89,000 could signal a new uptrend. However, BTC currently remains in an unstable sideways trend.

Conclusion

Solana and XRP are showing strength, while Bitcoin is in a critical consolidation phase. Interest in memecoins suggests traders are seeking high-yielding alternatives. The coming weeks could be crucial for market trends, especially if the macroeconomic situation continues to evolve.

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(Featured image by Traxer via Pexels)

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