Bitcoin is down today but other top digital assets have surged overnight.
The biggest cryptocurrency by market cap has dipped 1.5% in the past day at the time of writing, trading for $34,254 per coin, CoinGecko data shows.
Bitcoin is still up significantly from the start of the month, when it was priced at $27,189. Hype around a Bitcoin exchange-traded fund (ETF) hitting Wall Street has led to an increase in interest in the asset, with institutions pouring money into the space.
In fact, asset manager CoinShares said in a report yesterday that digital asset investment products saw inflows of $326 million last week—the largest single week of inflows since July 2022.
But this week, it’s still alt coins that are on a roll.
XRP was priced at $0.60—a nearly 7% 24-hour rise, making it one of the best performing top altcoins.
The fifth biggest digital asset by market cap is still far…
