Bitcoin Volatility, XRP ETF Expectations, and Market Analysis: A Weekly Crypto Recap
The cryptocurrency market experienced a mixed week, with Bitcoin dipping below $99,000, while analysts offer diverging perspectives on its future trajectory. Meanwhile, the anticipation for an XRP ETF continues to build, prompting expert speculation on its potential price impact.
Bitcoin’s Dip and Potential Bull Run Revival
Bitcoin’s recent dip below $99,000 follows a period of consolidation between $101,000 and $106,000. An analyst, citing a potential pathway for a bullish momentum revival, suggests a return to $76,000. However, this theory incorporates a significant price drop initially.
Conversely, a bullish outlook remains prominent, supported by a crypto analyst who notes that the current adjusted Net Unrealized Profit/Loss (aNUPL) indicator of 0.4 suggests the market is not overheated. This indicator, unlike previous peaks, indicates healthy optimism rather than investor euphoria. Bitcoin, trading at $100,824, shows room for further growth before reaching overbought territory.
XRP ETF and Price Projections
The impending launch of an XRP ETF has experts anticipating a potential surge in XRP’s price to $4.50. This excitement is fueling considerable investor interest, although the exact impact remains to be seen.
Market Slowdown and Network Activity
Despite analysts’ bullish views on Bitcoin, the Bitcoin network’s transaction activity has dipped to an 11-month low, leaving the mempool nearly empty. This trend, which began last year, could have implications for the overall market.
KuCoin Penalty and Regulatory Scrutiny
In related regulatory news, KuCoin has entered a guilty plea for operating an unlicensed money-transmitting business and agreed to pay a significant penalty. This highlights growing regulatory pressure within the crypto industry.
Other Key Developments
Other notable developments include the debut of DeepSeek, the rise and fall of meme coins, and the ongoing discussion surrounding regulatory support for cryptocurrencies, particularly under a potential Trump administration.
