Bitcoin Targets $100K, Ripple Sees Setbacks on Stablecoin, ETF Fronts: Your Weekly Crypto Recap

Last week was much less volatile than the events that occurred at the beginning of the month, when the BTC price dropped hard at a lower than five months. On the other hand, the cryptocurrency is now moving in a much calmer but more positive way.

Recall that Bitcoin exceeded the milestone of $ 90,000 on April 22 and did not look back. In fact, the asset continued to climb in the following days and challenged $ 96,000 a few times, but to no avail. Although it was rejected in each turn, the subsequent corrections were far from as painful as the price accidents that occurred in early April.

Just the opposite; BTC began to negotiate in a tight range between a lower limit of $ 93,000 and a more than $ 96,000. He stood there for several consecutive days, because the Bears were trying to push him under the support line.

However, each attempt was encountered with immediate purchase pressure, which did not allow another ventilation. In fact, Bitcoin did the offensive again yesterday when its price jumped above the upper limit and continued to increase to a new peak of several months of more than $ 97,000 to date. This came then that analysts underlined the formation of a familiar model, which historically led to immediate gains.

Minerage data also suggests that Bull Run de BTC has restarted because the Bitcoin price has recently dropped to a local background compared to the average production cost of minors.

For the moment, however, BTC remains centimeters greater than $ 97,000 with all the eyes set on the objective of $ 100,000. The asset is up 3% on a weekly scale, which is better than most larger altcoins, apart from ETH, Hype, Aave and XMR. This may be why his domination continues to draw new multi-year summits.

Market data

CATT-CAPPORT: 3.133T $ | 24 hours flight: 82 billion dollars | BTC dominance: 61.6%

BTC: $ 97,337 (+ 3%) | ETH: $ 1,849 (+ 4.2%) | XRP: $ 2.23 (+ 2%)

This week's cryptography titles that you cannot miss

Movement Labs suspends the co-founder in the middle of the scandal of market manufacturers: complete details. Rushi Manche, co-founder of Movement Labs, was suspended by the team following the revelations of a questionable marketing agreement, which led to a substantial dollar doller of dollars.

The next Bitcoin movement: 3 scenarios to watch in 2025. After the impressive price rally aforementioned for BTC, in which the assets won more than $ 20,000 in a few weeks, cryptocurrency presented the three most likely scenarios that will take place by the end of the year. Tip: The lowering is the least awaited.

Why was the $ 5 billion redemption in Ripple dollars rejected by Circle? (Report) While the title of this market update can be read, Ripple has faced certain setbacks this week. One of them was the refusal of a mega agreement to acquire the company behind the second largest stablecoin, Circle. Citing people familiar with the problem, Bloomberg said that the offer of around 5 billion dollars was too low.

Sec Retays Dision on the Ripple Spot, Dogecoin ETF applications. The second did not come as much surprise for the community. True to his tactic with the first BTC and ETH ETF applications, the American Sec has delayed decision -making on the proposal of FNB ETF by Franklin Templeton. Bitwise's Doge Etf had a similar spell. The new deadlines are respectively on June 17 and June 15.

It's time to buy Bitcoin and Altcoins: Arthur Hayes. Speaking during the mega conference this week in Dubai (Token2049), Arthur Hayes said that the real bull market was just beginning. He advised people that “it's time to go for a long time”.

$ 4 billion in 2 weeks: Bitcoin Whales goes into massive Spree accumulation. Perhaps the advice of the former CEO of Bitmex, BTC Whales, have made a massive commercial trip in recent weeks, acquiring about $ 4 billion in the active.

Graphics

This week, we have an analysis of the graphics of Ethereum, Ripple, Cardano, Hype and Solana – click here for the complete price analysis.