Huge Bitcoin Volatility, Ethereum Gains Speed, Ripple Bull Run Continues: This Week’s Crypto Roundup

It was a crazy week in the cryptocurrency industry, filled with a lot of volatility, a resurgence that the whole community was debating about, as well as the story of the underdog making a comeback. Let’s dive in.

First, we have Bitcoin. Its price tried to break above $100,000 last weekend on numerous occasions, but it turned out that the wall of selling there was too big for the bulls to overcome. Eventually, this took its toll and the price crashed, hitting nearly $90,000 for the week. That’s when things started to get funny. The sentiment was completely from less than a week ago when BTC breached $90,000 for the first time.

However, the price did not spend long at these lows as the bulls quickly regrouped and began to advance. At the time of writing, BTC is trading around $97,000 and many are already calling for a breach of $100,000 this time around.

Another interesting twist is Ethereum’s performance over the past seven days. Now, you have to understand that many in the community have mocked ETH for being the slow runner during this bull run and not being able to keep up. This week, however, it is up more than 8% and appears to be eyeing its next target at $3.7K.

But the best performer of all over the past seven days was Ripple’s XRP. The cryptocurrency has been on an absolute tear over the past month, even managing to topple BNB for the fifth largest coin spot by total market cap, albeit even marginally.

It will be interesting to see how things change in the coming weeks, but it looks like the market is still as hot as ever.

Market data source: Quantify Crypto

Market capitalization: $3.53T | 24 Hour Flight: $212 million | BTC Domain: 54.5%

BTC: $97,240 (-1.7%) | ETH: $3,582 (+8.1%) | XRP: $1.70 (+14.5%)

This week’s crypto headlines you can’t miss

MicroStrategy breaks its own record: another massive buy for 55,500 BTC (worth $5.4 million). The business intelligence company has increased its Bitcoin holdings to 386,700 BTC, following a record purchase of 55,500 BTC worth $5.4 billion at an average price of $97,862. The company’s total crypto holding, acquired for nearly $22 billion, is now valued at about $37.6 billion, generating more than $15 billion in paper profits.

WisdomTree files for Ripple (XRP) in Delaware. The entity has filed initial paperwork in Delaware to launch an XRP exchange-traded fund (ETF), marking the first step toward regulatory approval, with an S-1 filing required to proceed. While the filing reflects growing interest in altcoin ETFs, significant regulatory challenges could delay approvals.

Solana’s Pump.fun halts live streaming feature after disturbing content sparks outrage. The Solana-based meme coin generator has suspended its live streaming functionality indefinitely to address inappropriate content and improve moderation systems. The decision comes after incidents of disruptive behavior on its platform, prompting the team to prioritize user safety and transparency while improving content policing measures.

TORN surges 400% as court rules against US Treasury sanctions on Tornado Cash. The federal appeals court ruled that Tornado Cash’s smart contracts cannot be sanctioned as “property,” overturning the Treasury Department’s 2022 ruling against the crypto mixer. This decision was followed by a massive resurgence in the prices of the underlying cryptocurrency.

MARA Increases BTC Holdings to $3.3B Through $1B Convertible Note Offering. MARA, formerly known as Marathon Digital, has expanded its Bitcoin holdings to 34,797 BTC (valued at $3.3 billion) after buying 6,474 BTC in November with the proceeds of a $1 billion convertible note offering. The mining company plans to issue an additional $700 million in convertible notes for new Bitcoin acquisitions and corporate purposes, mirroring MicroStrategy’s debt-fueled BTC buying strategy.

Global stablecoin supply reaches new all-time high. The total market capitalization of the stablecoin sector has reached a record $191.6 billion, with Tether (USDT) dominating 69% of the market and USD Coin (USDC) 21%. The figure represents a 50% increase since January 2024, driven by growing demand and bullish sentiment in the broader crypto market.

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