GameStop

Bitcoin

<img decoding="async" width="1200" height="686" src="https://coingape.com/wp-content/uploads/2024/02/image-2024-02-17T165848.859-e1709036398573.jpg" class="attachment-full size-full wp-post-image" alt="Crypto Headlines Of The Week: BTC &amp; Altcoins Fight Market Volatility, GameStop Steals Attention" style="float:right; margin:0 0 10px 10px;">
<p>The world of cryptocurrencies witnessed another rollercoaster week, with Bitcoin (BTC) leading the charge. The price of BTC surged, fueling optimism, only to experience a sharp decline. This price volatility was mirrored by altcoins, while the emergence of GameStop (GME) meme stock dominated discussions on Wall Street.</p> 
<p>Here’s a closer look into some of this week’s top cryptocurrency news headlines from around the globe.</p> 
<h2 id="bitcoin-altcoins-tease-investors-hopes">Bitcoin &amp; Altcoins Tease Investors Hopes</h2> 
<h3 id="bitcoin">Bitcoin</h3> 
<p>Notably, Bitcoin’s price rallied to cross the $71K price level this week, sparking bullish discussions across the global crypto community. This price rally came against the backdrop of record-breaking <a href="https://coingape.com/us-bitcoin-etf-hits-new-milestone-whats-next-btc-price/" target="_blank" rel="noopener">BTC ETF</a> inflows recorded for 19 days continuously, further accompanied by an ETF approval in <a href="https://coingape.com/breaking-thailand-sec-approves-first-spot-bitcoin-etf/" target="_blank" rel="noopener">Thailand</a>.</p> 
<p>In the wake of these events, Bitcoin enthusiasts like <a href="https://coingape.com/5-reasons-why-100k-btc-price-rally-is-inevitable-adam-back/" target="_blank" rel="noopener">Adam Back</a>, Apollo co-founder <a href="https://coingape.com/btc-price-apollo-co-founder-eyes-whopping-3-5m-per-bitcoin-heres-the-reason/" target="_blank" rel="noopener">Thomas Fahrer</a>, and <a href="https://coingape.com/bitcoin-analyst-who-predicted-btc-hit-350k-betting-these-two-cryptos-now/" target="_blank" rel="noopener">Robert Kiyosaki</a> foreseed an extremely bullish outlook for the crypto’s future. However, as the week longed, the <a href="https://coingape.com/why-is-bitcoin-price-falling-sharply-today/" target="_blank" rel="noopener">flagship crypto crashed</a> to the $69K price level, sparking investor uneasiness.</p> 
<p>Meanwhile, it’s worth noting that <a href="https://coingape.com/bitmex-unveils-bitcoin-ethereum-cardano-xrp-futures-listing/" target="_blank" rel="noopener">BitMEX</a> unveiled a Bitcoin futures listing, along with other cryptos. On the other hand, <a href="https://coingape.com/bitcoin-miners-diversifying-into-ai-projecting-billions-in-revenue/" target="_blank" rel="noopener">Bitcoin miner</a> Core Scientific secured a 12-year deal with Nvidia-backed CoreWeave amid miners’ rising interest in AI.</p> 
<h3 id="altcoins">Altcoins</h3> 
<p>Simultaneously, most altcoins, including <a href="https://coingape.com/ethereum-solana-xrp-record-massive-buying-by-institutional-investors-coinshares/" target="_blank" rel="noopener">Ethereum</a> (ETH) and Solana (SOL), witnessed considerable gains, only to follow BTC’s tumbled movement. The fall in the prices of most of the tokens is due to a <a href="https://coingape.com/crypto-market-selloff-here-why-bitcoin-eth-sol-xrp-doge-slips-today/" target="_blank" rel="noopener">crypto market</a> selloff reported by CoinGape Media. Meanwhile, even the meme coins sector mimicked the fading momentum despite massive <a href="https://coingape.com/dogecoin-whale-activity-soars-as-price-consolidates-at-0-16-whats-next/" target="_blank" rel="noopener">DOGE</a>, <a href="https://coingape.com/cardano-shiba-inu-jasmy-grabs-interest-of-big-whales-trigger-buy-signal/" target="_blank" rel="noopener">SHIB</a>, and <a href="https://coingape.com/pepe-coin-extends-weekly-rally-to-over-80-amid-whale-accumulation/" target="_blank" rel="noopener">PEPE</a> buying registered over the past week.</p> 
<p>CoinGape Media also spotlighted <a href="https://coingape.com/7-altcoins-to-dodge-next-week-trades/" target="_blank" rel="noopener">altcoins</a> to steer clear of trading for the upcoming week.</p> 
<p>Whereas, the Ripple Labs-backed crypto, <a href="https://coingape.com/xrp-price-set-for-61390-rally-after-long-awaited-breakout/" target="_blank" rel="noopener">XRP</a>, appears to be set for a 61,390% price rally. Upon Robinhood’s acquisition of <a href="https://coingape.com/robinhood-to-aquire-bitstamp-crypto-excahnge/" target="_blank" rel="noopener">Bitstamp</a>, speculations over the exchange’s listing of <a href="https://coingape.com/xrp-news-robinhood-now-has-infra-to-list-xrp-ledger-issued-tokens/" target="_blank" rel="noopener">XRP &amp; XRP ledger</a> tokens prevail. Also, Russian President Vladimir Putin has confirmed the plans to launch a payment system for <a href="https://coingape.com/xrp-in-the-spotlight-as-russia-confirms-new-brics-payment-system/" target="_blank" rel="noopener">BRICS</a> with XRP in consideration as a currency.</p> 
<p><strong>Also Read: <a href="https://coingape.com/ripple-labs-might-have-something-big-brewing-in-georgia/" target="_blank" rel="noopener">Ripple Labs Might Have Something Big Brewing In Georgia</a></strong></p> 
<h2 id="gamestop-meme-stock-steals-spotlight">GameStop Meme Stock Steals Spotlight</h2> 
<p>Lastly, this week saw a frenzy on Wall Street with the revival of GME stock. <a href="https://coingape.com/news/stocks/gamestop-stock-rallies-85-premarket-roaring-kitty-comeback-to-push-gme-price-higher/" target="_blank" rel="noopener">The Roaring Kitty,</a> aka Keith Gill, fueled a remarkably high price rally in the stock, only to be undermined by <a href="https://coingape.com/news/stocks/gamestop-gme-stock-price-braces-for-fall-as-75m-shares-selloff-looms/" target="_blank" rel="noopener">GameStop’s</a> plans to sell 75 million of its shares. However, Keith remains clear of the <a href="https://coingape.com/why-sec-is-unlikely-to-probe-roaring-kitty-as-he-exploits-loophole/" target="_blank" rel="noopener">SEC’s</a> scrutiny despite stock manipulation.</p> 
<p>Amid this buzz, <a href="https://coingape.com/why-sec-is-unlikely-to-probe-roaring-kitty-as-he-exploits-loophole/" target="_blank" rel="noopener">VanEck</a> advisor Gabor Gurbacs showcased a sense of dismay in the TradFi system, hailing Bitcoin instead.</p> 
<p><strong>Also Read: <a href="https://coingape.com/trending/crypto-trader-makes-2-4-million-on-12-meme-coins-heres-more/" target="_blank" rel="noopener">Crypto Trader Makes $2.4 Million on 12 Meme Coins: Here’s More</a></strong></p> 
<p>The post <a href="https://coingape.com/crypto-headlines-week-btc-altcoins-fight-market-volatility-gamestop-steals-attention/">Crypto Headlines Of The Week: BTC &amp; Altcoins Fight Market Volatility, GameStop Steals Attention</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Crypto Headlines Of The Week: BTC & Altcoins Fight Market Volatility, GameStop Steals Attention

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