What a crazy week it has been for cryptocurrency.
After a market crash on Monday that saw Bitcoin smoothly drop below $90,000, other major assets also suffered losses. However, following the anticipated U.S. inflation report, almost all assets turned green on Wednesday.
XRP surged 19% in the past 24 hours and rose 32% over the past week, driven by optimism surrounding the potential approval of an XRP ETF. XRP's current gains are just under 9%, reaching a historical high of $3.40 set in January 2018.
Among the top ten coins by market capitalization, Solana is the second-largest gainer, soaring nearly 9% in the past day to just below $205 at its weekly high. However, SOL has only increased by 3% this week, with today's surge merely recovering part of the losses from earlier this week.
Dogecoin is also on the rise, with the original meme coin up 7% on the day, currently priced at $0.382, the highest price DOGE has seen in over a week.
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