Bitcoin Peaks Above $93,000, Ripple’s Price Explosion, Meme Coin Madness: Your Weekly Crypto Roundup

The total capitalization of the cryptocurrency market rose to about $3.05 trillion over the past seven days, adding nearly $400 billion. This is due to the stellar performance of most coins including but not limited to Bitcoin, Ripple, Dogecoin and more.

But first, let’s dive deeper into what Bitcoin did. The week started relatively calmly. Last Friday, when we wrote our previous market update, it was trading at just under $80,000, but that all changed on November 11, when the price broke $80,000 for the first time.

The industry was ecstatic. It was a major cause for celebration. Little did we know that the Bulls had something else entirely planned for the rest of the week. On November 12, Bitocin took advantage of $90,000 to reach a new all-time high. What followed was a few hours, yes hours, of consolidation and on November 13, it exploded above $93,000 for a new peak. That’s when the bears finally decided to show up and bring the price back below $90,000, where it currently sits around $88,200.

Now, throughout this period, its dominance also exploded by 3%, meaning it managed to outperform the broader altcoin market. But this does not apply to all altcoins.

Ripple (XRP), for example, saw its token rise by 60% when Gary Gensler wrote an open letter that many interpreted as his goodbye note. The community now expects he will resign before January 20, when Trump has promised to fire him anyway.

Another major altcoin that exploded was Dogecoin (DOGE). It’s up 85% over the last seven days in what felt like a week where meme coins were popping up left, right and centre. Perhaps the most fascinating story is that of Peanut the Squirrel (PNUT), a meme coin that gained over 1500% in the same period.

The bull market seems to be in full swing, and it’s exciting to see what’s next in the coming weeks!

Market data

Source: Quantify Crypto

Market Cap: $2.055 | 24 Hour Flight: $266 million | BTC Domain: 57.3%

BTC: $88,415 (+16.7%) | ETH: $3,025 (+3.9%) | BNB: $606 (+1.7%)

This week’s crypto headlines you can’t miss

Trump’s DOGE promises to cut red tape: Here’s what you need to know. During the Trump campaign, one of the promises that came up the most, at least those that had some kind of connection to the crypto industry, was the Department of Government Efficiency (DOGE). It was officially announced earlier this week, so here’s what you need to know about it. And yes, Elon Musk will lead it.

Ethereum ETFs set historic positive flows with $136 million marking a five-day streak. Local Ethereum ETFs had a slow start, but finally managed to reverse the trend this week and are now in the green. November 11-13 saw three consecutive days of triple-digit net receipts for the first time.

4 possible reasons behind PEPE’s 50% rise to a new all-time high. It was another week of new all-time highs for bitcoin, as explained above, but it also took some altcoins. One of them was PEPE, which shot up more than 70% at one point and painted a new peak after receiving support from Coinbase and Robinhood.

3 reasons why the price of PNUT increases by 1,500% weekly. The week belongs to the recently launched Peanut the Squirrel (PNUT) token, which has taken the crypto world by storm. Its value rose by four digits after listings on major exchanges such as Binance. Despite pulling back slightly from its peak, it’s still close to $2 and its market cap is roughly $2 billion.

Indian authorities arrest suspect linked to $230 million WazirX hack. The hack against the popular Indian crypto exchange took place in July this year and $230 million was taken out at that time. According to local sources, the police have finally arrested one suspect and identified another who has not yet been captured.

what is happening Ripple Whales with over 1M XRP in 6 years max. Ripple’s native token had a massive week, breaking through the $0.8 resistance and hitting a new 16-month high. In addition, whales have been accumulating substantial shares lately, which could be attributed to the changing political scene in the US, as well as the possible resignation of current SEC Chairman Gary Gensler.

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

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