Hot Crypto News This Week

Hot Crypto News Roundup for the Week

The crypto market has seen another eventful week, with significant developments across the board.

Bitcoin (BTC)

• BTC soared to $67,000 this week, driven by factors including the ongoing US elections, institutional interest, and the launch of Bitcoin ETFs.
• Despite the expiration of weekly crypto options and the upcoming Bitcoin conference, market sentiment remained bullish.
• BTC critic Peter Schiff suggested that Bitcoin's fate depends on gold's performance.
• Rumors of the UK government considering selling Bitcoin similar to Germany sparked discussions.
• BlackRock's AUM reached $10.6 trillion, boosting optimism for BTC.
• BitMEX co-founder Arthur Hayes announced the Maelstrom fund, a Bitcoin developer program.

XRP

• XRP gained significant attention and saw a 12.22% price increase this week.
• The gains came amid legal developments in the Ripple lawsuit.
• Ripple withdrew its investments from Bitstamp and Tranglo.

Other Crypto News

• Indian exchange WazirX suffered a $230 million hack involving Ethereum tokens, including PEPE and SHIB.
• The CrowdStrike outage affected major players like Microsoft.
• Elon Musk's endorsement of Trump sparked discussions.