Pepe Coin

Pepe

Another week draws to a close within the crypto landscape, keeping crypto market traders and investors on their toes. Bitcoin’s (BTC) price slipped from the $64K price level to as low as $59K this week, raising investor concerns. This tumbled movement comes against the backdrop of massive dumps to exchanges.
Meanwhile, Pepe Coin (PEPE) and Ripple’s XRP piqued significant interest. While developments related to the SEC lawsuit unfolded, market analysts ruled out a highly bullish forecast for XRP. Simultaneously, PEPE whales have taken action, moving billions of coins, garnering investor attention.
So, let’s take a closer look at some of the top crypto headlines for this week.
<h2 id="bitcoin-price-struggles">Bitcoin Price Struggles</h2>
<a href="https://coingape.com/crypto-market-selloff-heres-why-bitcoin-ethereum-and-altcoins-are-falling-today/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> encountered immense volatility this week, primarily due to massive token dumps to exchanges. Notably, the <a href="https://coingape.com/u-s-government-transfers-more-bitcoin-further-btc-selloff-imminent/" target="_blank" rel="noopener noreferrer nofollow">U.S.</a> and the <a href="https://coingape.com/german-govt-moves-another-595m-btc-to-crypto-exchanges/" target="_blank" rel="noopener noreferrer nofollow">German</a> governments moved whopping amounts of Bitcoin to CEXs this week, stirring worldwide speculation amid crypto’s turbulent movement.
Simultaneously, a report by CoinGape further spotlighted massive <a href="https://coingape.com/whales-dump-as-bitcoin-price-breaks-below-short-term-average-realized-price/" target="_blank" rel="noopener noreferrer nofollow">whale dumps</a>, generating bearish market sentiments.
Institutional investors saw this week as an opportunity to shift focus from <a href="https://coingape.com/institutional-investor-sells-bitcoin-ethereum-worth-690m-buys-xrp/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin to altcoins</a>, as the broader industry expects a true correction is underway. The beleaguered exchange <a href="https://coingape.com/breaking-mt-gox-to-start-repaying-creditors-in-bitcoin-and-bch-next-week/" target="_blank" rel="noopener noreferrer nofollow">Mt. Gox’s</a> plans to repay creditors in Bitcoin and Bitcoin cash has further raised price uncertainty.
However, the <a href="https://coingape.com/fed-inflation-us-pce-cools-to-2-6-bitcoin-altcoins-to-rally/" target="_blank" rel="noopener noreferrer nofollow">US PCE and core PCE inflation</a> cooled down, triggering some positive sentiments in the market. Nonetheless, the broader sentiments convey a further dip in <a href="https://coingape.com/could-bitcoin-hit-50k-soon-after-recent-price-dip/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> is possible.
Despite <a href="https://coingape.com/bitcoin-etf-records-4-day-streak-blackrock-boosts-82m-influx/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> recording a 4-day inflow streak, the crypto’s price has failed to gain a notable upside momentum. The inflows remain undermined as <a href="https://coingape.com/bitcoin-miners-sell-30k-btc-miner-reserve-dips-to-14-year-low/" target="_blank" rel="noopener noreferrer nofollow">BTC miners</a> sold whopping amounts of Bitcoin this week, aligning with miner capitulation.
However, the <a href="https://coingape.com/binance-ceo-remains-bullish-despite-sluggish-btc-price-action-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Binance CEO</a> remained immensely bullish on Bitcoin’s long-term prospects.
<h2 id="pepe-coin-stirs-speculations">Pepe Coin Stirs Speculations</h2>
Meanwhile, PEPE’s weekly chart showed a highly volatile movement, with the meme coin down to the $0.000011 price level at press time.
A smart money dumped billions of PEPE with 11-fold returns this week, birthing speculations over a topped price action for <a href="https://coingape.com/pepe-coin-smart-money-offloads-118b-pepe-with-11-fold-returns-has-price-maxed-out/" target="_blank" rel="noopener noreferrer nofollow">Pepe coin</a>. Simultaneously, in light of the looming ETH ETF launch, a whale offloaded nearly 1 trillion <a href="https://coingape.com/pepe-coin-whale-sparks-concerns-with-1-tln-pepe-transfer-to-binance-whats-next/" target="_blank" rel="noopener noreferrer nofollow">PEPE to Binance</a>, swapping it for <a href="https://coingape.com/pepe-whale-shifts-focus-to-ethereum-as-etf-optimism-builds/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>.
This strategic shift has sparked negative sentiments over PEPE’s future, although it added a bullish tint to ETH’s future movements.
Also Read: <a href="https://coingape.com/news/stocks/promising-cathie-wood-stocks-to-watch-out-for/" target="_blank" rel="noopener noreferrer nofollow">Promising Cathie Wood Stocks To Watch Out For</a>
<h2 id="xrp-creates-buzz">XRP Creates Buzz</h2>
Meanwhile, despite a sluggish price action, analysts took the stage to forecast a highly optimistic $2 price target for the crypto <a href="https://coingape.com/xrp-price-to-hit-2-analyst-predicts-amid-massive-whale-movements/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>. Amid this optimistic buzz, it was recorded that <a href="https://coingape.com/xrp-price-readying-for-2-whales-fuel-speculations-shifting-120m-coins/" target="_blank" rel="noopener noreferrer nofollow">XRP whales</a> bagged hundreds of millions of the Ripple-backed coin, indicating a potential bolstered price movement ahead.
<a href="https://coingape.com/ripple-vs-sec-news-ripple-president-clears-the-air-on-lawsuit-xrp-etf/" target="_blank" rel="noopener noreferrer nofollow">Ripple president</a> Monica Long further talked about Ripple vs the SEC lawsuit, the RLUSD stablecoin, and a potential XRP ETF launch. This garnered notable bullish sentiments for XRP across the broader industry.
Also Read: <a href="https://coingape.com/floki-inu-warns-against-scam-tokens-on-solana-and-base/" target="_blank" rel="noopener noreferrer nofollow">Floki Inu Warns Against Scam Tokens on Solana and Base</a>
The post <a href="https://coingape.com/here-what-happened-in-crypto-this-week/" rel="noopener noreferrer nofollow">Here’s What Happened In Crypto This Week</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Here’s What Happened In Crypto This Week

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