BTC and Altcoins Battle Market Volatility, GameStop Draws Attention

The cryptocurrency world has witnessed another roller-coaster week, with Bitcoin (BTC) leading the pack. The price of BTC rose, fueling optimism, before falling sharply. This price volatility has been mirrored by altcoins, while the emergence of the GameStop (GME) meme stock has dominated discussions on Wall Street.

Here’s a closer look at some of this week’s top cryptocurrency news headlines from around the world.

Bitcoin and Altcoins raise investors’ hopes

Bitcoin

Notably, the price of Bitcoin surged above the $71,000 price level this week, triggering bullish discussions throughout the global crypto community. This price rally occurred against a record-breaking backdrop Bitcoin ETF inflows recorded for 19 consecutive days, further accompanied by ETF approval Thailand.

In the wake of these events, Bitcoin enthusiasts like it Adam Backco-founder of Apollo Thomas FahrerAND Robert Kiyosaki predicted an extremely bullish outlook for the future of cryptocurrencies. However, as he wished the week, the flagship encryption crashed at the $69,000 price level, causing investor unease.

In the meantime, it’s worth pointing out BitMEX has unveiled a list of Bitcoin futures, along with other cryptocurrencies. On the other hand, Bitcoin miner Core Scientific has secured a 12-year deal with Nvidia-backed CoreWeave amid rising miners’ interest in artificial intelligence.

Altcoins

At the same time, most altcoins, including Ethereum (ETH) and Solana (SOL), recorded notable gains, and then followed the falling movement of BTC. The drop in prices of most tokens is due to cryptocurrency market sale reported by CoinGape Media. Meanwhile, the meme coin industry has also mimicked the declining momentum, despite its massive growth DOGE, SHIBAND PEPPER purchases recorded last week.

CoinGape Media was also highlighted altcoins to avoid trading for next week.

Considering that the encryption backed by Ripple Labs, XRP, a price rally of 61.390% appears to be expected. After the Robinhood acquisition Bitstampspeculation on the stock market listing of XRP and XRP ledger tokens prevail. Furthermore, Russian President Vladimir Putin confirmed plans to launch a payment system for BRIC with XRP in consideration as the currency.

Read also: Ripple Labs may have something big planned in Georgia

GameStop Meme Stock Steals the Spotlight

Finally, this week saw a frenzy on Wall Street as GME stock rallied. The roaring kitten, aka Keith Gill, fueled a remarkably high price rally in the stock, only to be weakened by it GameStop plans to sell 75 million shares. However, Keith stays away from this of the SEC control despite manipulation of actions.

In the midst of this buzz, VanEck Councilor Gabor Gurbacs showed a sense of dismay towards the TradFi system, instead hailing Bitcoin.

Read also: Crypto Trader Earns $2.4 Million With 12 Meme Coins: Here’s More

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for personal financial loss.

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