The world of cryptocurrencies witnessed another rollercoaster week, with Bitcoin (BTC) leading the charge. The price of BTC surged, fueling optimism, only to experience a sharp decline. This price volatility was mirrored by altcoins, while the emergence of GameStop (GME) meme stock dominated discussions on Wall Street.<\/p>\n
Here\u2019s a closer look into some of this week\u2019s top cryptocurrency news headlines from around the globe.<\/p>\n
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Bitcoin & Altcoins Tease Investors Hopes<\/h2>\nBitcoin<\/h3>\n
Notably, Bitcoin\u2019s price rallied to cross the $71K price level this week, sparking bullish discussions across the global crypto community. This price rally came against the backdrop of record-breaking BTC ETF<\/a> inflows recorded for 19 days continuously, further accompanied by an ETF approval in Thailand<\/a>.<\/p>\n In the wake of these events, Bitcoin enthusiasts like Adam Back<\/a>, Apollo co-founder Thomas Fahrer<\/a>, and Robert Kiyosaki<\/a> foreseed an extremely bullish outlook for the crypto\u2019s future. However, as the week longed, the flagship crypto crashed<\/a> to the $69K price level, sparking investor uneasiness.<\/p>\n Meanwhile, it\u2019s worth noting that BitMEX<\/a> unveiled a Bitcoin futures listing, along with other cryptos. On the other hand, Bitcoin miner<\/a> Core Scientific secured a 12-year deal with Nvidia-backed CoreWeave amid miners\u2019 rising interest in AI.<\/p>\n <\/p>\n Simultaneously, most altcoins, including Ethereum<\/a> (ETH) and Solana (SOL), witnessed considerable gains, only to follow BTC\u2019s tumbled movement. The fall in the prices of most of the tokens is due to a crypto market<\/a> selloff reported by CoinGape Media. Meanwhile, even the meme coins sector mimicked the fading momentum despite massive DOGE<\/a>, SHIB<\/a>, and PEPE<\/a> buying registered over the past week.<\/p>\n <\/p>\n CoinGape Media also spotlighted altcoins<\/a> to steer clear of trading for the upcoming week.<\/p>\n Whereas, the Ripple Labs-backed crypto, XRP<\/a>, appears to be set for a 61,390% price rally. Upon Robinhood\u2019s acquisition of Bitstamp<\/a>, speculations over the exchange\u2019s listing of XRP & XRP ledger<\/a> tokens prevail. Also, Russian President Vladimir Putin has confirmed the plans to launch a payment system for BRICS<\/a> with XRP in consideration as a currency.<\/p>\n Also Read: Ripple Labs Might Have Something Big Brewing In Georgia<\/a><\/strong><\/p>\n <\/p>\n Lastly, this week saw a frenzy on Wall Street with the revival of GME stock. The Roaring Kitty,<\/a> aka Keith Gill, fueled a remarkably high price rally in the stock, only to be undermined by GameStop\u2019s<\/a> plans to sell 75 million of its shares. However, Keith remains clear of the SEC\u2019s<\/a> scrutiny despite stock manipulation.<\/p>\n Amid this buzz, VanEck<\/a> advisor Gabor Gurbacs showcased a sense of dismay in the TradFi system, hailing Bitcoin instead.<\/p>\nAltcoins<\/h3>\n
GameStop Meme Stock Steals Spotlight<\/h2>\n
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