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Top Cryptocurrency News This Week
The cryptocurrency realm has wrapped up another week with exciting developments unfolding in the broader market. As Bitcoin has surged to notable price levels over the past seven days, the altcoin market has sparked considerable optimism in the broader space.
Here’s a quick rundown of some of the most talked about headlines from the past week
Bitcoin (BTC)
The flagship cryptocurrency has accumulated considerable market optimism this week, reaching a high of $67K. This price increase has been attributed to a number of reasons, including the ongoing US elections, the assassination attempt on Donald Trump, and increased institutional interest, among many other bullish aspects.
Bitcoin ETFs have seen continued inflows this week, while Door matrix revealed that macroeconomic factors have had a considerable impact on cryptocurrencies recently. At the same time, despite the looming Bitcoin ConferenceETH ETF spot launch and other key events, weekly expiration crypto options has generated bearish sentiments in the market.
In the meantime, the BTC Critic Peter Schiff took the stage to hint that Bitcoin’s fate depends on gold’s performance. Also, rumors of a relatively similar move by the UK government towards German government
the decision to sell Bitcoin has sparked further discussion.
It is worth mentioning BlackRock AUM has surged to a whopping $10.6 trillion this week, further solidifying optimism for BTC. Additionally, BitMEX co-founder Arthur Hayes revealed a program for Bitcoin developers known as Maelstrom Fund.
XRP Generates Buzz
At the same time, the Ripple Labs-backed coin has attracted considerable attention from investors this week. The coin has garnered considerable market optimism, noting unprecedented price gains over the past seven days.
The price of XRP has risen from a low of $0.52 to $0.59 over the past seven days, marking gains of nearly 12.22%. This news has gained significant traction amid the recent legal developments within the Ripple Lawsuit.
Also, it is worth mentioning that Ripple This week, it withdrew its investments from CEX Bitstamp and cross-border payment hub Tranglo.
Read also: Upbit and Other South Korean Exchanges Suffer from New Cryptocurrency Law
More cryptocurrency news from around the world
Meanwhile, other hot topics this week included the hack of Indian exchange WazirX that resulted in the loss of over $230 million in cryptocurrency. The compromised assets included PEPE and SHIBA
mainly, among other Ethereum tokens.
At the same time, the Crowd strike disruption that affected major players like Microsoft has emerged as another hot trend this week. Additionally, talks on Elon Musk’approval of trump It has also emerged as a hot trend.
Read also: Crypto Market This Week: Bitcoin Conference, Ether ETFs, PCE Inflation in Focus