Who leads the cryptocurrency market?
Despite the ups and downs, Ethereum (ETH) remains the leader this week among the three cryptocurrencies, with a net upward trend of 5%. Its ETF inflows of $1.85 billion this week and $2.18 billion before that demonstrate its high demand. Additionally, the growing institutional demand, with Sharplink buying ETH, whale holdings, and other events, drove this rally.
It is worth noting that many other cryptocurrencies also remained bullish this week, with Ethena (ENA) and Pudgy Penguin (PENGU) as the top winners. While BTC and XRP also recorded moderate gains, their pullbacks lagged them in the race.
Now we will have to see what next week brings for the cryptocurrency market.
