If the summer haven’t melted you yet, the latest crypto news might, because the crypto market is heating up again 🫠
That’s right! After a relatively “cold” week, the sector is heating up again, led as always by Bitcoin.
In times like these, staying informed is more important than ever, so without further ado, here are this week’s top news stories.
40% of Users Choose Bitcoin
Bitcoin has become one of the favorite assets among users, according to a study conducted by the Funcas analysis center.
The study shows that 40% of users who buy cryptocurrencies choose Bitcoin as their first option, reflecting their confidence in the asset.
Bitcoin’s rise among is due to its innovation, leadership in a disruptive sector, revaluation potential, and recent institutional interest through ETFs approved in the US, Hong Kong, and Australia.
Following the report, Cardano ranks second and Ethereum third among users favorite cryptos, with 25% and 24%, respectively.
Ethereum Staking at All-Time High Awaiting ETF
According to the latest data from Dune Analytics, an on-chain data analysis platform, ETH staking on the Ethereum network has surpassed 30 million, representing nearly 28% of the cryptocurrency’s total market supply.
ETH staking on Ethereum has grown significantly following the announcement of an upcoming Ethereum ETF approval in the US, which could happen next week.
The commitment to long-term ETH staking shows that users have great confidence in Ethereum and its capabilities.
Coin of the Week: Dogwifhat
Meme coins have performed excellently this week, led by dogwifhat (WIF), which has risen 47% in the last 7 days.
This growth, driven by the market’s good performance and Bitcoin’s recovery, places WIF as the 4th top meme cryptocurrency, behind only DOGE, SHIB, and PEPE.
Meme coins have been one of the sectors best capitalizing on the crypto market’s upswings in 2024, becoming one of the main narratives of the sector in the first quarters of the year.
If you prefer, you can buy a selection of meme coins, such as DOGE, SHIB, BONK, PEPE, WIF, SLERF, BOME, or GME with a single click thanks to our Meme Collection.
