Bitcoin‘s price has been navigating above the $43,000 mark throughout the weekend, signaling a positive trend for a potential rise. The total market capitalization of cryptocurrencies is fluctuating around approximately $1.63 trillion.
Ongoing discussions between the SEC and potential ETF applicants are keeping investors’ excitement alive. There are only 30 days left for the SEC to make its final decision.
If there is no major disappointment regarding the SEC’s approval, this situation could attract more investors to the cryptocurrency market next year. In futures trading, BTC’s open positions showed a decrease of 1.45% compared to the previous day.
Among altcoins, XRP, AVAX, and ADA’s futures trading volume showed double-digit increases compared to the global average. Additionally, with the excitement surrounding airdrops, Solana has started its second rally wave.
On a weekly basis, the altcoin with the highest gain was BONK Token, with a 133% increase. Another rising altcoin was BTT Coin. However, altcoins such as DYDX, RUNE, MKR, IOTA, and KAS were among those that experienced weekly losses.