Crypto News: Here's What Happened to Bitcoin Price, XRP Price, and PEPE Price

Market Recap

As another week concludes, the crypto market has kept traders and investors on edge. Bitcoin (BTC) experienced a significant drop from the $64,000 level to a low of $59,000, raising concerns among investors. This decline is part of a broader trend of sell-offs on exchanges, causing apprehension.

Meanwhile, Pepe Coin (PEPE) and Ripple's XRP have garnered considerable attention. Developments surrounding the SEC lawsuit have created a buzz, but analysts remain cautious about a bullish outlook for XRP. Major PEPE holders have been making moves, transferring large amounts of the coin, which has drawn significant investor interest.

Bitcoin News Today

BTC faced intense volatility this week, primarily driven by large-scale Bitcoin movements to centralized exchanges (CEXs). The U.S. and German governments transferred significant amounts of Bitcoin to exchanges, fueling speculation amid market instability.

Significant whale sell-offs also contributed to bearish market sentiments. Institutional investors shifted their focus from Bitcoin to altcoins, anticipating an impending market correction. The upcoming repayments from the troubled exchange Mt. Gox, in the form of Bitcoin and Bitcoin Cash, have added to the uncertainty surrounding Bitcoin's price.

On a positive note, the cooling of U.S. PCE and core PCE inflation rates has injected some optimism into the market. Despite this, the overall sentiment suggests that Bitcoin could see further declines.

Pepe Coin News Today

Pepe Coin (PEPE) exhibited significant volatility this week, with its price falling to $0.000011 at the time of writing. A savvy investor capitalized on PEPE's price movements, selling billions of coins for an 11-fold return, raising concerns over its potential peak. A whale transferred nearly 1 trillion PEPE to Binance, exchanging it for Ethereum in anticipation of the ETH ETF launch.

XRP News Today

Despite a weak price performance, analysts project an optimistic $2 price target for XRP. XRP whales purchased hundreds of millions of XRP this week, indicating potential upward movement. Ripple's president, Monica Long, discussed the ongoing Ripple vs. SEC lawsuit and the RLUSD stablecoin, fueling positive sentiment. These developments have generated a wave of optimism for XRP across the crypto industry.