Positive fundamental developments in the UK and the US seem to have boosted the prices of the three top cryptocurrencies: Bitcoin, Ether, and XRP. The three tokens have rebounded in the daily and weekly charts, with XRP leading the resurgence.

In the UK, a new Economic secretary has been appointed to oversee digital assets, while in the US, plans are underway to refund thousands of Bitcoins stolen in the 2016 crypto hack on Bitfinex.

At the time of publication, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term was trading at $99,235, representing a 2% and 5% increase in the past day and week, respectively. Data from CoinMarketCap also shows that Ether is up 4% (3% in the past week), while XRP has added 9% in the daily chart and a substantial 27% in the weekly chart.

Bitcoin ETFs

Despite these gains, cumulative trading volume for Bitcoin ETFs fell to $2.23 billion, down sharply from more than $3 billion the day before, according to data from sosovalue.com. The outflows come despite broader market optimism fueled by cooling inflation.

A report from the Bureau of Labor Statistics revealed wholesale inflation rose only 0.2% in December, below economist expectations, contributing to a 1.3% rise in the total crypto market cap to $3.53 trillion.