💥💥💥 This Week in Crypto: $BTC Hits $68K, $XRP Lawsuit Developments, and #Memecoins🤑🤑 Take Center Stage
Crypto Market Weekly Wrap-Up: Uptober Rally and Key Developments
- The crypto market saw another eventful week, with Bitcoin (BTC) ending at $68K and meme coins making headlines with notable gains. Here are the top stories:
Bitcoin Holds at $68K, Institutional Interest Grows
- Bitcoin remained strong at $68K, supported by $2.13 billion in ETF inflows and bullish sentiment. Robinhood announced futures trading for Bitcoin and Ethereum, adding to the optimism. Japan's stimulus package, Tesla's $760 million BTC move, and major investments by firms like Galaxy Digital and Samara AG further fueled Bitcoin's positive outlook.
XRP Lawsuit Updates Spark Speculation
- In the ongoing XRP lawsuit, the SEC filed Form C for its appeal but did not challenge XRP's non-security status, boosting community confidence. Ripple announced partnerships with Uphold and Bitstamp for its RLUSD stablecoin, while XRP whales moved large amounts to exchanges. XRP closed at $0.54.
Meme Coins Shine
- Meme coins like Dogecoin ($DOGE ) saw impressive gains, with DOGE hitting $0.14 after Elon Musk’s $75 million donation to Donald Trump’s campaign and whale accumulation. Grayscale hinted at a DOGE listing. Meanwhile, Goatseus Maximus (GOAT) surged after a major exchange listing, and #Shibalnu (SHIB) saw its burn rate soar, alongside a new partnership for its financial layer.
