Shiba

Bitcoin ETF

Bitcoin

Terra

Shiba Inu

<p>Another week ends with substantial developments witnessed across the cryptocurrency landscape. Among these developments, Bitcoin, Solana, and Shiba Inu appear to have gained the most traction within the market. Aligning with these, some of the top headlines that birthed tidal waves of speculations are:</p>
<h2 id="bitcoin-surges-past-47k">Bitcoin Surges Past $47K</h2>
<p>Bitcoin, the world’s first-ever digital currency, saw quite the week as its price surged past the $47K mark pre-halving recently. As per market charts, the token traded at $47,336.68 as of press time, garnering noteworthy interest among crypto market enthusiasts. Meanwhile, <a href="https://coingape.com/bitcoin-etf-records-second-largest-net-inflow-542-million/" target="_blank" rel="noopener noreferrer nofollow">retail and institutional investors accumulated spot Bitcoin</a> ETFs as BTC price rallied, nearing $48K as of Friday. Amid this chronicle, <a href="https://coingape.com/spot-bitcoin-etfs-saw-33-million-net-inflow-blackrock-inflow-slows-to-record-low/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> inflows registered a gradual decrease this week, with Grayscale Bitcoin ETF dropping to a record low.</p>
<p>In the interim, <a href="https://coingape.com/ark-21shares-microstrategy-hold-10-bln-bitcoin-btc-price-rally/" target="_blank" rel="noopener noreferrer nofollow">Ark 21 shares and Microstrategy’s</a> BTC holdings topped $10 billion, hinting at increased investor confidence. This further aligns with the price surge witnessed by BTC recently.</p>
<h2 id="solana-s-outage">Solana’s Outage</h2>
<p>The <a href="https://coingape.com/solana-down-whats-the-reason-behind-recurrent-outages/" target="_blank" rel="noopener noreferrer nofollow">Solana network witnessed an outage</a> of roughly 5 hours, birthing market panic across the crypto realm this week. Market experts proclaim that the SOL Mainnet encountered a substantial performance degradation chronicle due to BPF loader and TPS issues, halting Solana’s block processing at 10:00 UTC on Tuesday.</p>
<p>Aligning with this, <a href="https://coingape.com/solana-outage-casts-shadow-on-sol-gmt-ray-acs-trading/" target="_blank" rel="noopener noreferrer nofollow">Upbit</a>, a renowned cryptocurrency exchange, unveiled plans to halt trading for SOL, GMT, RAY, and ACE tokens. The SOL price also witnessed a notable impact following the outage, plunging significantly.</p>
<p><strong>Also Read: <a href="https://coingape.com/5-reasons-why-terra-luna-classic-lunc-price-is-rising/" target="_blank" rel="noopener noreferrer nofollow">5 Reasons Why Terra Luna Classic (LUNC) Price Is Rising</a></strong></p>
<h2 id="shiba-inu-sparks-optimism">Shiba Inu Sparks Optimism</h2>
<p>Shiba Inu, a prominent Ethereum-based meme coin, marked a storm of strides this week as the cryptocurrency advanced with numerous developments. Firstly, its partnership with K9 Finance to facilitate seamless <a href="https://coingape.com/shiba-inu-team-voices-optimism-over-shibariums-new-partner-bone-price-soars-9/" target="_blank" rel="noopener noreferrer nofollow">BONE staking</a> gained significant traction. Subsequently, <a href="https://coingape.com/shiba-inu-coins-bone-leash-shib-prices-rally-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Marswap’s expansion of services on Shibarium</a>, bringing a plethora of new features, further jacked up the SHIB tokenomics.</p>
<p>Additionally, WoofSwap’s plans to consider <a href="https://coingape.com/shib-bone-leash-prices-jump-amid-woofswaps-shibmap-bridging-plan/" target="_blank" rel="noopener noreferrer nofollow">bridging Shibmap to ERC404</a> further revolutionized Shiba Inu’s cryptographic venture. In the interim, the meme coin’s burn rate also witnessed a jump quite a few times this week, birthing market optimism for SHIB.</p>
<p><strong>Also Read: <a href="https://coingape.com/justin-sun-burns-50m-in-ht-tokens-supply-shrinks-to-110m/" target="_blank" rel="noopener noreferrer nofollow">Justin Sun Burns $50M in HT Tokens, Supply Shrinks to 110M</a></strong></p>
<p>The post <a href="https://coingape.com/crypto-headlines-of-the-week-bitcoin-solana-shiba-inu-fuels-inferences/" rel="noopener noreferrer nofollow">Crypto Headlines of The Week: Bitcoin, Solana, &amp; Shiba Inu Fuels Inferences</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Crypto Headlines of The Week: Bitcoin, Solana, & Shiba Inu Fuels Inferences

Table of Contents

Coingape News Media

Other articles published on Feb 11, 2024

Crypto Ads at the Super Bowl: A Shift in Strategy

Revolutionizing Communication: Solchat Set to Transform the Future of Messaging on the Solana Blo...

Market rise – Sui (SUI) makes big gains alongside record-breaking Pushd (PUSHD) presale, while Te...

Expert Crypto Analyst Spotlights Optimism, MAVIA and These Altcoins To Watch This Week

MicroStrategy’s Massive Bitcoin Stash Hits $3 Billion In Unrealized Profit

A meme coin trader who became a millionaire in 2023 has accumulated this new coin 5 times in the ...

Join our free newsletter for daily crypto updates!