Bitcoin Bulls Assault $66,000 As Shiba Inu Soars 40%: This Week’s Crypto Roundup

It has been a very positive week for the cryptocurrency market. The total capitalization managed to add up to about 140 billion dollars and is currently more than 2.4 trillion dollars. This is thanks to the impressive performances of many coins, but let’s start with Bitcoin.

BTC is currently trying to break above $66,000, a price it hasn’t seen since early August. The last seven days have not been without volatility, but in the end, the bulls have prevailed and are in control. It will be interesting to see if they will be able to sustain this pressure, but with the US presidential election coming up, the market is sure to be volatile.

In this regard, Donald Trump has already shown his support for the industry and has praised Bitcoin on several occasions over the past few months. Kamala Harris kept quiet, but that too changed over the past week.

In one of his most recent speeches, Harris said he will “recommit the nation to global leadership in the sectors that will define the next century (…) they will remain dominant in AI and quantum computing, blockchain and other emerging technologies.”

With this, the two candidate candidates now appear to be supporting the industry. However, it is worth noting that neither of them did much during their respective terms – Trump when he was president and Harris – while she was vice president.

On the other hand, Changpeng Zhao, who needs no introduction, was released two days before the official date he was supposed to be released. That’s according to a recent report in Fortune. CZ is now a free man after a 4 month prison sentence. Bullish!

Interestingly, however, Bitcoin has definitely not been the best performer over the past seven days. This title belongs to SHIB. The dog-inspired meme coin exploded by a massive 40% during the period, following the revival of most meme coins.

It will be very interesting to see if the ongoing positive momentum will continue or if the bears have prepared a surprise.

Market data

Market capitalization: $2.412T | 24 Hour Flight: $115 million | BTC Domain: 53.8%

BTC: $65,682 (+3.3%) | ETH: $2,654 (+4.2%) | BNB: $608 (+6.6%)

This week’s crypto headlines you better not miss

Former Binance boss Changpeng Zhao to be released early: report Changpeng Zhao was supposed to be released from prison on September 29. However, according to some reports, he has been released today.

Gary Gensler was dismissed as the most “historically destructive and lawless” SEC chairman. Pro-crypto Republican Representative Tom Emmer criticized US Securities and Exchange Commission Chairman Gary Gensler. He said Gensler has been the most “historically destructive and lawless” SEC chairman.

BlackRock Sees Biggest Monthly ETF Inflow as US Bitcoin Holdings Rise Bitcoin holdings in the United States are on the rise. This appears to be primarily driven by demand for spot BTC exchange traded funds. That said, BlackRock saw its highest monthly ETF inflow yet.

From silence to support: Kamala Harris advocates for Blockchain in latest speech. The current vice president of the United States, Kamala Harris, who is also running for the presidency in the upcoming elections in November, recently supported blockchain technology in one of her latest speeches.

15 years later: Satoshi era wallet moves Bitcoin mined in early 2009 (data). The beauty of blockchain is that transactions are public. That said, data shows that a Satoshi-era wallet moved Bitcoin mined as early as 2009! That’s almost 15 years of celebration.

Sean ‘Diddy’ Combs Shares Same Jail Cell With FTX’s Sam Bankman-Fried: Report. In an interesting and amusing turn of events, Sean ‘Diddy’ Combs has been put in the same dormitory-style prison cell as Sam Bankman-Fried, the former boss of FTX.

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This week, we have a chart analysis of Ethereum, Ripple, Cardano, Shiba Inu and Dogecoin – click here for the full price analysis.

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