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.
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