The dynamic crypto world has endured another week of remarkable developments, primarily witnessed across the sector. Despite rising market optimism amid investors’ bullish expectations for Q4, top cryptocurrency prices faced volatility. However, the meme coin Shiba Inu (SHIB coin) maintained its bullish stance, witnessing notable community developments. Here is a brief collection of some of the most important crypto market updates reported over the past week.
Bitcoin and top cryptocurrencies in “turmoil”
BTC price closed the week at $94,000, a sign that the coin has reversed its recent gains. However, market participants are reflecting bottom-buying sentiment. Long-term prospects for the asset are therefore still bullish. Despite a volatile movement, the American company KULR announced the purchase of BTC worth $21 million. Thus creating optimism in the market. However, Bitcoin ETFs saw slight outflows this week. This led to an uncertain investor sentiment.
It is noteworthy that Japan rejected the Bitcoin National reserve proposal amid the recent volatile trend, sparking market speculation. However, Robert Kiyosaki shared a bold prediction for BTC price. The famous author declared that the largest cryptocurrency will reach $350,000 by 2025. Recent market trends reflect volatility. However, market observers remain optimistic about future movements following the aforementioned news.
Bullish forecast for altcoins
On the other hand, reports have suggested that despite the turbulence in the broader sector, altcoins are seeing notable gains ahead. In particular, popular market expert Titan of Crypto pointed to a bullish path ahead for the crypto market. In addition, renowned crypto expert Michael van de Poppe also remained bullish on the future of the altcoin market. Overall, market observers expect a market rebound in the coming days. He also expects the bull run to continue in 2025.
Notable developments in the SHIB coin community
Meanwhile, the famous dog-themed meme crypto SHIB has seen some notable community developments. Shiba Inu lead developer Shytoshi Kusama confirmed the TREAT token launch earlier this week. Simultaneously, the community announced this week the launch of ‘SHIB: The Metaverse’ launch. In addition, Shibarium addresses surpassed the 2 million mark. Thus adding to the market optimism surrounding the meme coin. Furthermore, the SHIB burn saga continued to reduce the token’s circulating supply. Thus paving the bullish path for future movements.
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