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

  • Bitcoin's price movement in the past week has been calmer and more positive, with the asset nearing $100,000 target after reaching a multi-month peak of over $97,000.
  • BTC dominance is at 61.6% with a market cap of $3.133 trillion and a 24-hour volume of $82 billion.
  • Ripple faced setbacks including the rejection of a $5 billion takeover offer by Circle, while the SEC delayed decisions on Spot Ripple and Dogecoin ETF applications.
  • Bitcoin whales accumulated around $4 billion worth of BTC in recent weeks, and industry figures like Arthur Hayes suggest it's time to buy Bitcoin and altcoins.

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