The past week in the crypto market has been filled with ups and downs, leaving investors cautious due to the volatile price actions. Bitcoin (BTC) has traded around the $85K level, while Ethereum (ETH) saw a slight decline of nearly 1% in the past seven days. Ripple’s XRP price continued its consolidation phase, leading to speculations about its future price movements.
BTC saw a turbulent week with the price fluctuating between $83K and $86K. Despite positive developments such as MicroStrategy purchasing 3,459 Bitcoin and Semler Scientific filing to buy $500 million worth of Bitcoin, the market remained uncertain. U.S. President Donald Trump’s announcement of tariffs on China and reports of China selling off 15K BTC also contributed to the market’s unpredictability.
ETH is currently trading around $1,600, facing increased selling pressure from whale dumps. Despite this, a rally to $4,800 is projected for the second-largest crypto by market cap. Ethereum ETFs recorded $32 million worth of weekly outflows, adding further risk to the asset’s price. Meanwhile, Ethereum fees have seen a significant decline amidst decreased user activity.
XRP price stood at $2.08 after a volatile trading session, with 9 XRP ETFs filed to date. Ripple whales moved millions of dollars worth of funds, and the XRP lawsuit advanced as the U.S. Court of Appeals granted Ripple and the SEC’s motion to suspend their appeals. These developments were among the top crypto market highlights reported by CoinGape Media.
In conclusion, the crypto market had a turbulent week with Bitcoin trading around $85K, Ethereum facing selling pressure, and XRP experiencing volatility in its price. Despite positive developments such as MicroStrategy and Semler Scientific’s Bitcoin purchases, market uncertainty remains high. Ethereum is projected to rally to $4,800, while XRP faces challenges amidst the ongoing lawsuit. Overall, the crypto market continues to be unpredictable, and investors should exercise caution in their trading decisions.
