The cryptocurrency market has made a substantial recovery over the last few days. Bitcoin (BTC) is trading at the $93,000 price level. The global crypto market cap has reclaimed the $3.03 trillion mark. The market resurgence has brought some relief to investors.
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Cryptocurrencies Surge Amid New SEC Head
The SEC has welcomed a pro-crypto individual at its helm. Paul Atkin was sworn in as the new SEC chair on Apr. 21. Atkins is expected to take a more relaxed approach to the cryptocurrency sector.
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The cryptocurrency may have also benefited from BlackRock’s recent purchase of more than $800 million worth of Bitcoin (BTC) for its spot BTC ETF.
Top 3 Cryptocurrencies To Watch This Weekend
1. Bitcoin (BTC):
BTC is the market leader. Other cryptocurrencies will likely not move unless BTC rallies. The asset has made a healthy recovery over the last few days. BTC may continue to surge over the coming days. BTC may hit a new peak sometime later this year.
2. Solana (SOL):
SOL has made a remarkable recovery since its 2022 crash. The cryptocurrency hit an all-time high in January this year. SOL faced a substantial price dip in the recent market crash. The SOL network has also seen a massive growth over the last year. SOL may continue its upward momentum over the coming weeks.
3. Ripple (XRP):
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Ripple’s XRP token is one of the hottest cryptocurrencies right now. There are 10 active XRP ETF applications with the SEC. With a pro-crypto SEC head, we may get an XRP ETF sometime this year. The move could lead to the asset hitting a new all-time high.