Crypto Market Sees Sudden Surge as Bitcoin and Ripple Prices Soar

Bitcoin's price has surged by roughly 25% since Monday, reaching near $78,000 on Friday. This increase reflects a shift in risk appetite, especially through Exchange-Traded Funds (ETFs) and derivatives.

Ripple has also seen significant growth, with its price trading above $1.40 and bulls aiming for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday.

Chainlink has extended its rally to a seven-month high, with a gain of over 20% so far this week. Decentralized Finance (DeFi) ecosystem recorded over $9 billion in volume for three straight days, while LINK-focused ETFs saw their four-month highest daily inflow of $3.63 million on Thursday.