Here’s What Happened In Crypto This Week

Crypto Market Weekly Roundup

The cryptocurrency landscape has witnessed a volatile week, keeping traders and investors on edge.

Bitcoin Price Volatility

Bitcoin (BTC) experienced sharp fluctuations, falling from $64K to as low as $59K, sparking concerns among investors. The decline was attributed to massive token dumps on exchanges, with major institutions like the U.S. and German governments transferring significant amounts of Bitcoin. Whale dumps also contributed to the bearish sentiment. Institutional investors shifted their focus to altcoins, anticipating a possible correction.

Pepe Coin and Ripple XRP

Pepe Coin (PEPE) and Ripple's XRP garnered attention this week. PEPE whales made significant moves, transferring billions of coins. Meanwhile, analysts dismissed overly bullish forecasts for XRP amidst the ongoing SEC lawsuit.

Key Headlines

• Bitcoin Price Struggles: BTC's volatility stemmed from exchange dumps and whale activity. Institutional investors diversified into altcoins.
• Pepe Coin and XRP: PEPE saw whale movements, while XRP's bullish outlook remained uncertain due to the SEC case.
• Bitcoin ETFs: Despite inflows, BTC's price failed to gain momentum due to miner capitulation, selling off large amounts of Bitcoin.
• Inflation Cools: U.S. PCE and core PCE inflation data moderated, providing some market optimism. However, sentiments suggest a possible further dip in Bitcoin's price.