The cryptocurrency market has seen significant developments over the past week, with the “Uptober” rally continuing. Bitcoin held steady at $68,000 and meme coins saw significant gains. Meanwhile, new updates in the XRP lawsuit have investors worried. Here’s a look at the key highlights from the crypto world this week.

Bitcoin price remains at $68,000, fueling overall market optimism. The rise was largely driven by favorable market momentum, including $2.13 billion in inflows into spot Bitcoin ETFs over the past seven days, signaling growing institutional interest in Bitcoin.

Robinhood’s announcement of upcoming Bitcoin and Ethereum futures also boosted sentiment. Additionally, Japan’s planned economic stimulus package — which exceeds last year’s $87 billion package — has added to the optimism surrounding Bitcoin’s price action.

Over the weekend, a $760 million Bitcoin move from Elon Musk’s Tesla attracted attention, along with plans from Germany’s Samara AG to increase its Bitcoin holdings. Additionally, Galaxy Digital, led by Mike Novogratz, bought 500 BTC this week. These moves suggest that Bitcoin is under significant buying pressure, with market participants taking a positive outlook.

XRP Lawsuit Sees New Developments

In the ongoing XRP lawsuit, the U.S. Securities and Exchange Commission (SEC) has continued its lawsuit against Ripple by filing a Form C, maintaining its objections. However, the XRP community has found hope in the fact that XRP’s non-security status has not been challenged.

Still, attorney Fred Rispoli criticized Ripple executives Brad Garlinghouse and Chris Larsen for missing the opportunity to fully defend themselves against some of the SEC’s allegations.

Meanwhile, Ripple announced partnerships with Uphold and Bitstamp to launch its RLUSD stablecoin. XRP whales continued to sell on exchanges, sparking fresh speculation in the market. XRP ended the week at $0.54, with growing interest around its developments.

Meme Coin Steals The Attention

Meme coins were also a major focus this week. Dogecoin (DOGE) gained attention after Elon Musk donated $75 million to Donald Trump’s campaign. DOGE whales accumulated heavily throughout the week, adding to optimism about the coin’s price action. DOGE ended the week at $0.14. Grayscale hinted that Dogecoin was likely to be listed, adding to the excitement.

Meanwhile, Goatseus Maximus (GOAT) made waves when it listed on a major exchange, leading to a sharp price increase. Shiba Inu (SHIB) also had a strong week, with its burn rate increasing significantly over the past seven days. Shytoshi Kusama revealed a game-changing partnership for SHIB’s financial layer, drawing even more attention to the project.

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