The trading week began more calmly than the previous one, which had been marked by significant price crashes. Despite fewer fluctuations, it was still eventful. Over the weekend, Bitcoin hovered around $84,000, experiencing some volatility on Sunday evening when a whale opened a short position. On Tuesday, Bitcoin attempted a breakout, dropping to $81,000 but maintaining support. The market saw further action midweek, particularly on Wednesday and Thursday. Initially, the US Federal Reserve announced it would not change key interest rates, causing some market fluctuations. Later, Ripple CEO Brad Garlinghouse announced the lawsuit with the SEC had concluded, as the regulator dropped its latest appeal. This news prompted Bitcoin to surge past $87,000 on Thursday morning during the Asian trading session, marking a two-week peak, although it quickly fell back to $84,000.
As of now, Bitcoin’s price remains at $84,000, with a market cap of $1.650 trillion and a 58.5% dominance over altcoins. Bitcoin’s performance for the week remains slightly down, while tokens like SOL, ADA, DOGE, and PI have seen significant declines. Conversely, BNB and TRX have posted notable gains, and TON has increased by 24% following Durov’s passport retrieval.
Market Overview:
– Market Cap: $2.832T
– 24H Vol: $80B
– BTC Dominance: 58.5%
– BTC: $83,850 (-1.11%)
– ETH: $1,957 (+1.85%)
– XRP: $2.37 (+0.7%)
This Week’s Crypto Headlines:
– Bitcoin price predictions range from a plunge to $44K to a surge to $112K, as analysts anticipate a major move.
– XRP whales accumulated significant amounts before the SEC case resolution, which favored Ripple.
– Ripple CEO discusses the potential for an IPO and the inclusion of XRP in US reserves.
– US interest rates hold significance for crypto, with their long-term effects still in question.
– Analysts weigh in on whether Bitcoin has entered a bear market.
– Binance maintains over 100% reserves for 29 consecutive months, emphasizing transparency.
Charts:
This week’s analysis includes Ethereum, Ripple, Cardano, Toncoin, and Solana. Be sure to check out the complete price analysis for detailed insights.
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