Bitcoin
Hot Crypto News This Week
The crypto realm concluded another week with attention-grabbing developments unfolding in the broader market. While Bitcoin soared to notable price levels over the past seven days, the altcoin market sparked significant optimism across the industry.
Here’s a quick rundown of some of the most talked about headlines from the past week.
Bitcoin (BTC)
The flagship cryptocurrency has garnered significant market optimism this week, rising to a high of $67,000. This surge in price 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 Matrixport revealed that macroeconomic factors have had a considerable impact on crypto recently. At the same time, despite the imminent Bitcoin ConferenceETH ETF launch and other important events, the expiration of the weekly encryption options gave rise to bearish sentiments in the market.
Meanwhile, the BTC Critic Peter Schiff took to the stage to suggest that Bitcoin’s fate depends on gold’s performance. Additionally, rumors about the UK government’s comparatively similar move to German government
decision to sell Bitcoin generated additional discussions.
It is worth mentioning that BlackRock AUM surged to a staggering $10.6 trillion this week, further solidifying the bullishness for BTC. Additionally, BitMEX co-founder Arthur Hayes revealed a Bitcoin developer program known as Maelstrom Fund.
XRP generates buzz
Meanwhile, the Ripple Labs-backed coin has attracted significant investor attention this week. The coin has garnered considerable market optimism, noting unprecedented price gains over the past seven days.
The price of XRP has surged from a low of $0.52 to $0.59 in the past seven days, marking gains of nearly 12.22%. This story has gained significant traction against the backdrop of recent legal developments within the Ripple Process.
Also, it is worth mentioning that Curling withdrew its investments from CEX Bitstamp and international payments hub Tranglo this week.
Read too: Upbit and other South Korean exchanges suffer as new cryptocurrency law takes effect
Other cryptocurrency news from around the world
Meanwhile, other hot topics this week included the hack of Indian cryptocurrency exchange WazirX that resulted in the loss of over $230 million worth of cryptocurrencies. The compromised assets included PEPE and SHIB
mainly, among other Ethereum tokens.
At the same time, the Crowd strike the outage that affected headliners like Microsoft emerged as another hot trend this week. Additionally, conversations about Elon Musk’s endorsement of Trump has also emerged as a hot trend.
Read too: Cryptocurrency Market This Week: Bitcoin Conference, Ether ETF, and PCE Inflation in Focus