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Crypto Crisp: Where Are the Memecoins? Solana Asks

The crypto market remains on a path to gradually recover its lost ground. Last week, U.S. Bitcoin spot ETFs saw strong net inflows, while Ethereum spot ETFs experienced a net outflow. However, a positive development for Ethereum is that its rollups reached a new all-time high in daily transactions, indicating they are steadily gaining more traction.
2024-08-26
<a href="https://stenoresearch.com/author/madseberhardt/" target="_self">Mads Eberhardt</a>

Mads Eberhardt

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Over the weekend, both Bitcoin and Ethereum reached their highest levels since the crash three weeks ago. As we have emphasized repeatedly in recent weeks, we continue to anticipate a gradual yet steady recovery of the crypto market, with prices to return to their pre-crash levels over the next month.

Now, let us dive into this week’s top news.

The crypto market remains on a path to gradually recover its lost ground. Last week, U.S. Bitcoin spot ETFs saw strong net inflows, while Ethereum spot ETFs experienced a net outflow. However, a positive development for Ethereum is that its rollups reached a new all-time high in daily transactions, indicating they are steadily gaining more traction.

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