Crypto Market This Week: BTC & Altcoins Volatile, Shiba Inu Community Advances
Highlights
- BTC price tackles volatility this week, although long-term prospects remain bullish.
- Altcoins season is still not over yet, market experts anticipate.
- Shiba Inu community witnesses attention-nabbing developments.
The dynamic realm of crypto has concluded yet another week, primarily with attention-nabbing developments witnessed across the industry. Despite soaring market optimism in light of investors expecting a bullish Q4, top cryptocurrency prices have encountered volatility. Nevertheless, meme coin Shiba Inu has retained a bullish stance, witnessing remarkable community developments.
Here’s a brief collection of some of the top crypto market updates reported by CoinGape Media over the past week.
Bitcoin & Top Crypto Remain Turbulent
BTC price closes the week at the $94K level, a mark indicating that the coin reversed recent gains. However, long-term prospects for the asset are still bullish as market participants reflect a buy-the-dip sentiment.
Despite a volatile action, American company KULR announced that it purchased $21M worth of BTC, sparking market optimism. However, Bitcoin ETFs have seen slight outflows this week, sparking an uncertain investor sentiment.
It’s noteworthy that Japan has rejected a Bitcoin National reserve proposal amid the recent volatile trend, sparking market speculations. Nevertheless, Robert Kiyosaki has given a bold prediction for BTC price, proclaiming it to hit $350K by 2025. Although recent market trends reflect volatility, market watchers remain optimistic about future movements in the wake of the abovementioned news.
On the other hand, CoinGape reported that despite the turbulence in the broader sector, even Altcoins are seeing remarkable gains ahead. Notably, popular market expert Titan of Crypto hinted towards a bullish path ahead for the crypto market. In addition, renowned crypto expert Michael van de Poppe also remained bullish on the altcoin market’s future.
Overall, market watchers are eagerly awaiting a market recovery in the coming days, with the bull run expected to continue in 2025.
Shiba Inu Sees Remarkable Community Advancements
Meanwhile, the renowned dog-themed meme crypto SHIB has seen remarkable community developments. Shiba Inu lead developer Shytoshi Kusama confirmed the TREAT token launch earlier this week. Simultaneously, the community also witnessed ‘SHIB: The Metaverse’ launch this week.
In addition, Shibarium addresses crossed the 2 million mark, adding to market optimism surrounding the meme coin. Also, the SHIB burn saga has continued reducing the token’s circulating supply, paving a bullish path for future movements.
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