Crypto Headlines of The Week: Bitcoin, Solana, & Shiba Inu Fuels Inferences
Highlights
- Bitcoin surged passed the $47K mark this week.
- Solana outage fueled a cyclone of speculations.
- Shiba Inu propelled market optimism.
Another week ends with substantial developments witnessed across the cryptocurrency landscape. Among these developments, Bitcoin, Solana, and Shiba Inu appear to have gained the most traction within the market. Aligning with these, some of the top headlines that birthed tidal waves of speculations are:
Bitcoin Surges Past $47K
Bitcoin, the world’s first-ever digital currency, saw quite the week as its price surged past the $47K mark pre-halving recently. As per market charts, the token traded at $47,336.68 as of press time, garnering noteworthy interest among crypto market enthusiasts. Meanwhile, retail and institutional investors accumulated spot Bitcoin ETFs as BTC price rallied, nearing $48K as of Friday. Amid this chronicle, BlackRock inflows registered a gradual decrease this week, with Grayscale Bitcoin ETF dropping to a record low.
In the interim, Ark 21 shares and Microstrategy’s BTC holdings topped $10 billion, hinting at increased investor confidence. This further aligns with the price surge witnessed by BTC recently.
Solana’s Outage
The Solana network witnessed an outage of roughly 5 hours, birthing market panic across the crypto realm this week. Market experts proclaim that the SOL Mainnet encountered a substantial performance degradation chronicle due to BPF loader and TPS issues, halting Solana’s block processing at 10:00 UTC on Tuesday.
Aligning with this, Upbit, a renowned cryptocurrency exchange, unveiled plans to halt trading for SOL, GMT, RAY, and ACE tokens. The SOL price also witnessed a notable impact following the outage, plunging significantly.
Also Read: 5 Reasons Why Terra Luna Classic (LUNC) Price Is Rising
Shiba Inu Sparks Optimism
Shiba Inu, a prominent Ethereum-based meme coin, marked a storm of strides this week as the cryptocurrency advanced with numerous developments. Firstly, its partnership with K9 Finance to facilitate seamless BONE staking gained significant traction. Subsequently, Marswap’s expansion of services on Shibarium, bringing a plethora of new features, further jacked up the SHIB tokenomics.
Additionally, WoofSwap’s plans to consider bridging Shibmap to ERC404 further revolutionized Shiba Inu’s cryptographic venture. In the interim, the meme coin’s burn rate also witnessed a jump quite a few times this week, birthing market optimism for SHIB.
Also Read: Justin Sun Burns $50M in HT Tokens, Supply Shrinks to 110M
- XRP to $9? Analysts Tip ‘XRP Is a Buy’ as Price Targets 200% Surge
- CZ Endorses Hyperliquid Rival Aster DEX, Token Rallies 1,500%
- Tom Lee’s BitMine Adds $84M in ETH as Expert Predicts Ethereum Rally to $5K
- Grayscale’s Crypto Index Fund Sees ‘Solid Start’ as SOL, XRP Institutional Demand Climbs
- Senate Democrats Urge Republicans for ‘True Collaboration’ to Quickly Pass CLARITY Act
- PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout
- Bitcoin Price Prediction: Analyst Highlights Breakout Patterns as Coinbase CEO Backs Crypto Structure Bill
- Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
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