XRP and DOGE Rise While Ether Burn Reaches Record Low

Bitcoin (BTC) rose above $87,000 on Monday, while Solana (SOL), XRP (XRP), and Dogecoin (DOGE) gained over 4%. Key points include:

Bitcoin traded around $85,000 over the weekend amid inflation concerns.
SOL led with a 5% increase in the last 24 hours; Tron’s TRX dropped 4% after recent gains.
Investor caution remains due to upcoming U.S. economic data releases.
Important reports this week include consumer confidence, personal spending, and PCE, which may impact crypto prices.
High consumer confidence could indicate a healthy economy, potentially boosting crypto investments.
Low PCE may drive investors toward crypto as a hedge against inflation.
Some traders believe the U.S. economy is stronger than perceived, suggesting current price levels are favorable for buying.
Ether's daily burns hit a record low of just 50 ETH, a 99% drop from May 2022, indicating decreased transactional activity.
Declining interest in Ethereum has shifted some trading to cheaper networks like Solana and Tron.