Over the past week, the cryptocurrency world has continued to experience rapid changes, especially in terms of the prices of the most popular digital currencies. Investors are optimistic about the earnings that will occur in Q4, leading to an atmosphere of hope. In the meantime, the prices of bitcoin and other cryptocurrencies have shown significant volatility, while the community of meme coins like Shiba Inu continues to move in a positive direction with exciting community development news.
Bitcoin ( btc ) closed the week at around $93,500, reflecting a reversal of price action after recent gains. Although the long-term outlook for the asset remains positive, investors are showing confidence in the market by buying lows, expecting good times to return in the future.
As Bitcoin’s price fluctuates, US-based KULR announced a $21.5 million purchase of BTC, sparking hopes in the market. However, major Bitcoin ETFs reported small outflows this week, leaving investors uncertain about the market’s future.
In addition, Japan has rejected a proposal to establish a Bitcoin National Reserve, which has raised skepticism in the market. However, renowned investor Robert Kiyosaki has made a bold prediction that the price of Bitcoin could reach $350,000 by 2025. Although the current market is still showing volatility, many analysts remain optimistic about Bitcoin’s long-term prospects.
Despite the uncertainties in the market, as CoinGape reported, popular altcoins have shown impressive returns. Market analysts predict that the crypto market will have a positive future, especially in 2025, when investors are expected to make significant profits.
Meanwhile, the Shiba Inu (SHIB) community has seen remarkable developments, with developer Shytoshi Kusama confirming the launch of the TREAT token this week. The community has also witnessed the launch of the ‘SHIB: The Metaverse’ project, which has brought a sense of excitement among investors interested in the project.
The Shiba Inu coin also has over 2 million users on Shibarium, which has increased the market confidence in this meme coin. At the same time, the SHIB burning is still ongoing to reduce the amount of coins circulating in the market, which may give an opportunity to create price attraction in the future.
It is analyzed that if the market trend changes rapidly in a positive direction, the crypto market may come back stronger soon, especially looking for a good time in 2025, which is expected to be the end of the market decline and the beginning of the subsequent recovery.
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