Bitcoin

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<p>The crypto world wraps up another week with eye-catching developments across the broader market. The XRP lawsuit took a new turn as Ripple Labs countered the SEC’s opposition to sealing key remedies-related documents. However, a common concern for many crypto investors persisted as Bitcoin (BTC) and Ethereum (ETH) continued to struggle to gain significant upside momentum. This struggle, along with a mixed trading session for other cryptocurrencies, marked the last seven days in the crypto market.</p>
<p>Here’s a collective overview of some of the top headlines:</p>
<h2 id="xrp-lawsuit">XRP Lawsuit</h2>
<p>The Ripple Labs vs. U.S. SEC lawsuit has taken an exciting turn this week. Ripple countered the SEC’s motion to oppose sealing key <a href="https://coingape.com/xrp-price-whale-moves-51m-coins-amid-ripples-reply-letter-to-us-sec-whats-next/" target="_blank" rel="noopener noreferrer nofollow">remedies-related documents</a>. In its ‘reply letter’ to the SEC, Ripple Labs ruled out two primary reasons why sealing documents remains crucial.</p>
<p>On the other hand, pro-XRP lawyer Bill Morgan has stepped in to address the FUD surrounding <a href="https://coingape.com/ripple-sec-news-lawyer-debunks-xrp-odl-sales-fud-amid-ripple-sec-reply-filing/" target="_blank" rel="noopener noreferrer nofollow">XRP ODL</a> sales this week, also disregarding the implications of Ripple’s lawsuit and escrow on <a href="https://coingape.com/xrp-news-lawyer-dismisses-impact-ripple-lawsuit-escrow-burn-xrp-price/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a>. Meanwhile, <a href="https://coingape.com/xrp-price-whale-moves-51m-coins-amid-ripples-reply-letter-to-us-sec-whats-next/" target="_blank" rel="noopener noreferrer nofollow">XRP whales</a> have become notably active, accumulating coins despite the asset’s sluggish market performance and uncertainty caused by the lawsuit.</p>
<h2 id="bitcoin-btc">Bitcoin (BTC)</h2>
<p>The flagship crypto, on the other hand, experienced a tough week, as the token’s price continued to struggle to break significantly above the $70K mark. However, <a href="https://coingape.com/bitcoin-price-regains-70000-memorial-day-rally-in-play/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> briefly topped $70K, but the token soon witnessed a waning price trajectory back to the $67K level. This primarily aligns with crypto options expiry on Friday, May 31.</p>
<p>Additionally, the amount of <a href="https://coingape.com/bitcoin-accumulations-worth-2-5-bln-ignite-market-frenzy-bull-run-ahead/" target="_blank" rel="noopener noreferrer nofollow">BTC withdrawn from exchanges</a> noted a phenomenal spike, worth $2.5 billion, per recent market data. This, collectively, has garnered significant attention toward Bitcoin this week.</p>
<p><strong>Also Read: <a href="https://coingape.com/hong-kong-hint-green-light-for-11-new-crypto-exchanges-whats-next/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong Hint Green Light For 11 New Crypto Exchanges, What’s Next?</a></strong></p>
<h2 id="ethereum-other-crypto-developments">Ethereum &amp; Other Crypto Developments</h2>
<p>Whereas, similar to Bitcoin, Ethereum and other altcoins have mimicked a turbulent price action this week. Despite the ETH ETF buzz, <a href="https://coingape.com/bitcoin-and-ethereum-monthly-options-expiry-pce-inflation-looms-brace-for-price-impact/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> struggled to maintain a break above $3,800, aligning with options expiry on May 31. Moreover, top altcoins SOL, XRP, and DOGE witnessed a sluggish movement over the past week.</p>
<p>Dogecoin(<a href="https://coingape.com/dogecoin-price-whale-shifts-421m-doge-sparking-price-speculations/" target="_blank" rel="noopener noreferrer nofollow">DOGE</a>), Pepe coin (PEPE), and <a href="https://coingape.com/floki-price-soars-5-7-bln-coins-accumulated-price-uphold-momentum/" target="_blank" rel="noopener noreferrer nofollow">FLOKI</a> whale activity have spiked considerably, whereas <a href="https://coingape.com/breaking-binance-burns-1-35-billion-terra-luna-classic-total-burn-hits-60-billion/" target="_blank" rel="noopener noreferrer nofollow">LUNC</a> emerged as the new topic of discussion, making noteworthy advancements.</p>
<p><strong>Also Read: <a title="Top Meme Coins To Buy Now After This Move By Binance" href="https://coingape.com/top-meme-coins-to-buy-now-binance/" target="_blank" rel="noopener noreferrer nofollow">Top Meme Coins To Buy Now After This Move By Binance</a></strong></p>
<p>The post <a href="https://coingape.com/crypto-headlines-of-the-week-ripple-counters-sec-while-bitcoin-eth-battle-market-volatility/" rel="noopener noreferrer nofollow">Crypto Headlines Of The Week: Ripple Counters SEC While Bitcoin &amp; ETH Battle Market Volatility</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Crypto Headlines Of The Week: Ripple Counters SEC While Bitcoin & ETH Battle Market Volatility

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