Hot Crypto News This Week

Here, we are going to discuss some of the most trending Hot Crypto News headlines this week that involve Bitcoin, XRP and crypto space events.

This is a summary of some of the top stories this week. There was much market optimism around Bitcoin (BTC). The rally in XRP is unprecedented this week.

Another intriguing week has come to an end in the crypto sector with further developments taking place in the wider market. While Bitcoin reached impressive price levels during the past seven days, altcoin market activity generated significant hope across the broader industry.

Bitcoin (BTC)

As a result of many bullish factors including the ongoing US elections, the attempted assassination of Donald Trump and increased institutional interest among others, it hit a high of $67K this week. This spike in price is due to several reasons, including but not limited to the presidential Elections currently running in the US, an assassination attempt on Donald Trump, and increased interest from mainstream investors.

The inflows into Bitcoin ETFs remained constant throughout this week while Matrixport noted that macroeconomic forces have profoundly impacted digital assets recently. Meanwhile, a bearish mood prevailed following the expiry of weekly cryptocurrency options amid the upcoming 

Bitcoin conference, spot ETH ETF launch and other important events.

BTC critic Peter Schiff suggested that Bitcoin’s fate hinges on gold performance. Rumors surfaced about the U.K. government potentially following Germany’s lead in selling off Bitcoin.

BlackRock’s AUM Hits Incredible $10.6 trillion

BlackRock’s AUM hit a record high of $10.6 trillion this week, fueling optimism for BTC even more. The CEO also said that BitMEX had established a Bitcoin developer program called the Maelstrom Fund.

Read more :-  WazirX Hacker Converts All Other Altcoins To Ethereum, ETF Bullishness In Play?

XRP All Set To Make Headlines

At the same time, Ripple Labs-backed coin drew major investor attention during the week. The coin has gained huge market optimism thanks in part to unprecedented price gains over the last seven days.

XRP’s price surged within a week from about $0.52 to $0.59, marking a gain of nearly 12.22%. This account has attracted significant interest against recent developments in the Ripple lawsuit.

Ripple withdrew its stake from CEX Bitstamp and Tranglo’s payment hub this week, emphasizing the significance of this action.

Other Crypto news Around the world

This week’s trending stories include the WazirX hack, where the Indian exchange lost around $230 million in Dtatos. The most affected tokens were PEPE and SHIB among the attacked Ethereum tokens.

At the same time, technical downtimes such as the CrowdStrike one that impacted prominences like Microsoft became another weekly trend. Moreover, the discussion on Elon Musk supporting Trump also came up as one of the topics that trending.