Solana Leads Altcoin Rally While Bitcoin Cools Off After ETF Hype Fades
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Bitcoin's price rally cooled this week after hype around a potential US ETF approval faded, but altcoins like Solana rallied strongly.
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Solana grew nearly 23% this week to $39.58 due to its growing developer community, before dipping 5% Friday after FTX liquidations.
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Other top gainers included XRP up 11.4%, Cardano up 11.2%, and Uniswap up 14%.
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Circle closed legacy accounts so retail users can no longer mint USDC directly from the company.
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Coinbase and Block reported better than expected Q3 earnings, aided by their crypto businesses, while PayPal can now offer crypto in the UK.