The crypto market is being closely watched by investors as digital currencies are on the rise, possibly due to optimism surrounding the approval of Bitcoin ETFs. Federal Reserve Chair Jerome Powell's comments on inflation and interest rates have also been well-received. Bitcoin has seen a 9% increase in price over the past week, with Ethereum and XRP also experiencing gains.
Despite positive market sentiment, ApeCoin's price has dropped by 2.94%, while Pepe Coin, Bitcoin SV, and Stacks have all seen gains. The global crypto market cap has reached $1.11 trillion. ApeCoin's price has increased by approximately 3% from the previous Friday, resulting in the cryptocurrency entering positive territory for the week. XRP has also seen a 5% jump in price following the SEC's decision to backtrack in the Ripple lawsuit.
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