Ripple (XRP) and Solana (SOL) are among the most popular cryptocurrencies of late – details

TL;DR

BTC, XRP and SOL are some of the most popular digital currencies recently due to important factors that have led to heated discussions. Other recently discussed tokens include Ethereum (ETH), Chainlink (LINK), and others. These are the leaders

The cryptocurrency market has gone through enhanced volatility in recent days, affecting investor sentiment.

Bitcoin (BTC), for example, reached a price of almost $70,000 on July 29 before falling below $66,000 the next day and is currently trading around $66,300 (CoinGecko data). The correction was followed by news that the US government had moved $2 billion worth of its BTC holdings to another address (possibly in preparation for a sale).

According to crypto market intelligence platform Santiment, the transfer has been widely discussed in the space, becoming one of the reasons why Bitcoin has recently become the trending cryptocurrency.

Another factor is probably Donald Trump’s speech during the Bitcoin 2024 conference in Nashville. The Republican presidential candidate said he wants the United States to become the crypto capital of the world and establish a national strategic reserve of the main digital asset.

Popular altcoins Ripple (XRP) and Solana (SOL) have also hit the trending token list. Discussions with the former mainly focus on its impressive market performance in recent days and the ongoing battle between Ripple and the US SEC. Today (July 31), the price of XRP hit a four-month high of nearly $0.66, while it currently stands at the $0.64 mark.

“Solana is trending in given texts due to discussions of investors returning to Solana, the possibility of a Solana ETF, and an exciting new cryptocurrency,” Santiment concluded.

Other digital currencies that are part of the club include Compound (COMP), Chainlink (LINK), Casper (CSPR), Ethereum (ETH), and eCash (XEC).

Big day for BTC?

It is worth mentioning that the primary cryptocurrency discussions may increase further in the coming hours due to the upcoming meeting of the Federal Open Market Committee scheduled for today.

The US central bank will address several key issues, with interest rates high on the agenda. The reduction in the benchmark is generally considered bullish for the cryptocurrency market, particularly for BTC, as it makes borrowing money cheaper and could increase interest in risk assets.

However, a pivot this week remains highly unlikely, with most experts predicting such a move in September, assuming inflation cools a bit more.

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