• This week’s crypto recap is dominated by the performance of Ripple’s XRP and PEPE, which both managed to post solid gains.
• Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) traded almost flat with minimal gains of 1.3% and 2%, respectively.
• Other notable performers include Cardano (ADA), MATIC, DOT, and TRX – all of which managed to book similar weekly gains.

Crypto Recap

This week’s crypto recap was dominated by the performance of Ripple’s XRP and PEPE, both managing to post solid gains despite a relatively flat performance from major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The broader cryptocurrency market capitalization barely increased by around $5 billion this past week, currently standing shy of $1.2 trillion.

Bitcoin Performance

Bitcoin was trading at around $26,500 this time last week and managed to increase to around $27,500 a few days later before plunging back below $27K only to test $27,500 again on Thursday. However, the bears weren’t having it and made another decisive swing down resulting in BTC trading currently at around $26,800 – booking a slight increase of 1.3%.

Ethereum Performance

On the other hand Ethereum is also trading for a 2% increase on the weekly chart compared to its price last week.

Altcoin Performances

Other notable performers include Cardano (ADA), MATIC, DOT and TRX – all of which managed to book similar weekly gains ranging between 1-8%. Ripple’s XRP took center stage this week increasing by 8%, positioning itself as the clear leader within the top 10 cryptocurrencies by means of total market cap.

Reasons Behind Altcoin Gains

The reasons behind these altcoins’ surge are twofold: firstly due to positive developments surrounding the case against Ripple in SEC; secondly due to speculation that Paypal will soon add support for more cryptocurrencies including XRP & PEPE on its payment platform in 2021 .