24/7 Cryptocurrency News

Trending Crypto Updates For This Week

Here's a collection of some of the most trending crypto market updates reported over the past week, encompassing Bitcoin and recent market events.
Published by
Trending Crypto Updates For This Week

Highlights

  • Bitcoin encounters volatility this week.
  • Macroeconomic factors present the broader market with turbulence.
  • A look into Harris vs Trump's saga.

The crypto universe has concluded another week with remarkable developments unfolding across the broader market. Amid the ongoing U.S. presidential election buzz, the cryptocurrency prices witnessed quite the volatility. Bitcoin slipped from a $68K level to a slumping $60K low over the past seven days. Meanwhile, the altcoin market has mainly followed this turbulent movement.

Here’s a collection of some of the hot crypto market updates reported over the past week.

Advertisement

Crypto Market Tackles Turbulence

Notably, recent economic events have presented the flagship crypto with quite the uncertainty. This week saw the Federal Reserve keeping the interest rates unchanged once again, raising investor concerns while also impacting markets.

Moreover, the release of U.S. jobs data has brought further volatility to the broader industry. The U.S. unemployment rate came in hot at 4.3% for July, crossing expected 4.1%. Further, the nonfarm payrolls unveiled that only 114,000 jobs were added in July. Collectively, these macroeconomic factors appear to have impacted the cryptocurrency prices this week.

Meanwhile, Bitcoin bore the brunt of massive liquidations amid its price volatility. Also, Fidelity International launched a Bitcoin ETP on the LSE (London Stock Exchange).

Also Read: Terra LUNA Classic Votes On Major Tax2Gas Proposal, LUNC To $0.0001?

Advertisement

Trump Vs. Harris Saga

In the interim, this week saw noteworthy developments in the ongoing rivalry between Republican Donald Trump and Democratic Kamala Harris. Notably, Harris‘ rebranded approach as a crypto-friendly candidate appears to have garnered significant attention among market participants. Subsequently, the Vice President’s winning odds also gained considerable weight.

Nonetheless, Donald Trump has finally agreed to debate with Kamala Harris on Fox News. The debate is set to take place on September 4 and could bring a paradigm shift in the presidential candidates’ winning odds. Also, Donald Trump Jr. has taken the stage to challenge Harris to debate his father on Fox News.

Additionally, this week saw Trump launching Bitcoin-themed sneakers as a part of his 2024 presidential election campaign. It’s also worth noting that the Republican bagged noteworthy amounts of BTC in the Bitcoin conference.

Other news from around the globe included WazirX‘s 55/44 approach facing backlash from the community. Moreover, Cathie Wood’s Ark Invest initiated a colossal COIN stock selloff amid Coinbase Q2 earnings.

Also Read: Riot Exec Reveals How Bitcoin Strategic Reserve Can Aid US Economy

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Robinhood Outage Reported by Users, HOOD Stock Drops

Crypto exchange Robinhood is currently experiencing an outage, with users reporting issues accessing their accounts.…

October 6, 2025
  • 24/7 Cryptocurrency News

Tom Lee’s BitMine Adds $820M Worth of Ethereum as ETH Rebounds

BitMine Immersion Technologies chaired by Fundstrat’s Thomas “Tom” Lee, has accumulated roughly $820 million in…

October 6, 2025
  • 24/7 Cryptocurrency News

Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise

The crypto industry has already lost more money in the first half of 2025 than…

October 6, 2025
  • Altcoin News

ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing

Crypto exchange Binance on Monday said it will list next-generation decentralized perpetual exchange Aster's crypto…

October 6, 2025
  • Altcoin News

Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?

A whale alert regarding a massive $55 million XRP transfer to a Ripple wallet sparked…

October 6, 2025
  • 24/7 Cryptocurrency News

Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?

BNB-based decentralized exchange (DEX) Aster has come into the limelight recently, this time facing integrity…

October 6, 2025