The crypto market was mixed this week as traders reflected on the Federal Reserve and the latest NVIDIA earnings. Bitcoin fell to $110,000 earlier during the week and then stabilized at $112,000. Ethereum price also held steady as ETF inflows jumped. 

This article explores why top cryptocurrencies like Treehouse (TREE), Pi Network (Pi), and Wormhole (W) jumped suddenly this week. 

Why Wormhole price is going up

Wormhole is one of the most important players in the crypto industry, where it provides bridge solutions that connect various blockchains. It is a crucial network for ensuring interoperability, which is important as the number of blockchains grows. 

Wormhole price surged to $0.1 this week, its highest level since July 22 and 85% above the lowest level this year. The jump happened after the US selected Pyth Network as its chain for government data. This is notable since Pyth and Wormhole powers Pyth by providing it with data feeds across various networks.