Crypto Highlights This Week: BTC, XRP, & Dogecoin Steal Spotlight

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As a seasoned crypto investor with a knack for spotting trends and a flair for riding market waves, I must admit this week has been nothing short of exhilarating. The crypto realm is abuzz with optimism, with Bitcoin reaching uncharted territories, Ripple’s XRP gaining momentum, and Dogecoin making heads turn.

The global crypto realm has closed another week, with remarkable advancements witnessed across the broader sector. Bitcoin (BTC) price pumped to attain a new ATH, whereas the broader market mirrored optimism. Simultaneously, Ripple’s XRP achieved unprecedented levels, sparking market discussions. Moreover, Dogecoin echoed optimism across the broader market amid D.O.G.E-related developments.

Below, you’ll find a summary of the major cryptocurrency news articles from CoinGape Media over the past week.

Bitcoin Hits New ATH Amid Crypto Bull Market

This week, the price of Bitcoin reached an all-time high of $93,434.36, causing a surge of optimism among investors in the market. The coin has been rising along with growing institutional interest following the U.S. elections, as evidenced by Bitwise managing over $10 billion in assets under management.

As a researcher delving into the world of cryptocurrencies, I can’t help but notice the surging momentum of the leading digital coins. Notably, renowned trader Peter Brandt and investment firm Bernstein have forecasted a potential Bitcoin price surge to an impressive $200,000. However, it’s equally important to acknowledge that Bitcoin has experienced minor turbulence this week, primarily due to broader economic events unfolding globally.

Rising U.S. consumer price index (CPI) inflation to 2.6% has sparked worry among investors about potential future changes. However, despite these apprehensions, the market winds up this week on an optimistic note.

XRP Gains Momentum

At the same time, the price of XRP surged by 93% in weekly gains, reinforcing investor confidence in the asset. During a recent appearance, Ripple’s CEO, Brad Garlinghouse, shared significant factors contributing to the coin’s powerful rally this week, highlighting the post-election climate as favorable for cryptocurrencies.

Additionally, rumors about the potential resignation of SEC Chairman Gary Gensler are circulating, which has not dampened investor enthusiasm for Ripple’s cryptocurrency. At the same time, a documentary on XRP was released this week, drawing more focus from the market towards the digital currency.

Dogecoin Gains Traction Amid D.O.G.E. Saga

In the last seven days, the price of DOGE surged by 54%, largely due to Elon Musk’s involvement with DOGE following the U.S. elections. As a result, he was appointed as the head of the Department of Government Efficiency alongside V. Ramaswamy in Trump’s cabinet. This appointment generated considerable interest in Dogecoin.

Instead, consider rephrasing as follows: Contrarily, now that the lawsuit against Elon Musk regarding Dogecoin has been dropped, there continues to be an optimistic outlook on the cryptocurrency in the market. At the same time, CoinGape Media noted significant increases in DOGE whale holdings this week. Furthermore, MyDoge, the main wallet for Dogecoin, announced the launch of DogeOS not long after.

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2024-11-17 08:37