Crypto Market Highlights: Another week in the crypto wilderness, and investors are once again caught in the jaws of volatility. Bitcoin (BTC) has stubbornly traded around the same level for the past seven days, while Ethereum (ETH) has managed to lose a tiny fraction of its value, a dramatic 1%. Meanwhile, Ripple’s XRP price seems to be stuck in an endless loop of consolidation, with no clear sign of escape.
Here are some of the juiciest tidbits from the crypto scene this week, reported by CoinGape Media. Buckle up, folks!
BTC’s Week of Highs, Lows, and a Whole Lotta Nothing
BTC ended the week at around the $85K mark, after what can only be described as a rollercoaster ride. The crypto flagship went from a low of $83K to a high of $86K, back and forth, with no apparent reason other than sheer chaos. And this comes despite a parade of bullish news that should have sent BTC to the moon.
In case you missed it, Michael Saylor’s MicroStrategy once again threw money at Bitcoin, buying up 3,459 BTC for a cool $285 million. Naturally, the crypto market shook in its boots. And don’t forget Semler Scientific, which decided to fork out $500 million for Bitcoin, all while settling a $30 million Department of Justice fine. Nothing says “confidence” like a $500 million bet during a market crisis, right?
Oh, and did we mention that Donald Trump slapped a monstrous 245% tariff on China this week? Just to add to the uncertainty, China allegedly considered unloading 15,000 BTC. It’s almost like the world was conspiring to keep crypto investors on their toes.
In other news, BTC whales have been gobbling up 300% of the new BTC supply. Optimistic? Sure. Realistic? Who knows?
Ethereum & XRP: The Drama Continues
Ethereum is sitting at a rather uninspiring $1,600, down nearly 3% over the past week. Some optimistic souls are still dreaming of ETH reaching $4,800, citing a bullish trend that is apparently just waiting to kick in. But with whale activity dumping ETH left and right, it’s hard to see how that dream will unfold without a few more sleepless nights.
And speaking of sleepless nights, Ethereum ETFs had a rough week with $32 million in outflows. Not exactly a sign of confidence. But fear not, because in the long run, ETH might just be building the foundation for a bigger rally, or maybe not—who can say?
On top of that, Ethereum fees took a dive as fewer users decided to engage with the network. With fewer transactions, it seems the blockchain is having an existential crisis of its own.
As for XRP, the price limped along at $2.08, despite enduring a volatile week that had traders clutching their pearls. Despite the odds of a potential ETF listing rising like the morning sun, XRP’s price has yet to reflect this. Nine XRP ETFs have been filed, including heavyweights like Bitwise, 21Shares, Grayscale, and Canary Capital. But hey, who needs to move the price when you can just file paperwork?
Ripple whales weren’t resting either, moving hundreds of millions of dollars in XRP like it was pocket change. Meanwhile, the XRP lawsuit trudged forward as the U.S. Court of Appeals decided to give Ripple and the SEC some extra time to work out their differences. This “settlement” could be the beginning of something—or nothing at all. Stay tuned.
In conclusion, these are just a few of the many, many twists and turns in the wild world of crypto. If you think you can make sense of it, well, good luck. After all, what’s a crypto market without a little bit of madness?
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2025-04-20 10:18