Bitcoin settles above $68,000 and XRP is lit in the courts Business Erm

The cryptocurrency market ended last week with a series of notable developments involving the most popular digital assets. Thanks to the strong upward movement that the market is experiencing, Bitcoin (BTC) is close to closing the week (which ends at midnight from Sunday to Monday) above the level of $68,000, for the first time in months.

While Bitcoin is doing well, other digital currencies have attracted attention with big gains, some of them such as Solana and BNP. At the same time, the XRP lawsuit has seen new developments, raising speculation about the price path of Ripple (XRP) in the near future.

Bitcoin creates hope

Bitcoin managed to settle above the $68,000 level at the end of the week, thanks to positive market sentiment and bullish dynamics. According to recent data, spot Bitcoin ETFs received inflows of $2.13 billion over the past seven days, indicating rising institutional interest in the digital currency.

On the other hand, the Robinhood platform announced plans to launch trading in futures contracts for Bitcoin and Ethereum, which increased investors’ hopes about these assets.

In the same context, the Japanese government announced a huge stimulus package exceeding $87 billion, after pumping the same amount last year. This announcement contributed to strengthening the positive outlook for Bitcoin prices. On the corporate level, Elon Musk’s Tesla company moved $760 million from its Bitcoin holdings this week, triggering a wave of speculation among investors. In addition, the German listed company Samara announced plans to add more Bitcoin to its investment portfolio.

Galaxy Digital, owned by Mike Novogratz, also recorded the purchase of nearly 500 Bitcoin this week, triggering widespread market discussions about the movement of digital asset prices. With increasing institutional demand and growing interest, Bitcoin is benefiting from particular buying pressure amid these developments.

New developments in XRP litigation

On the other hand, the legal case related to the Ripple currency “XRP” saw an important development last week, as the US Securities and Exchange Commission filed a Form C as part of the next – their claims against the company “Ripple”. However, the classification of XRP as a non-secured asset was not resumed, which gave the XRP community a confidence boost.

In this context, the lawyer Fred Rispoli criticized the actions of Ripple executives, Brad Garlinghouse and Chris Larsen, for not taking advantage of the opportunity to make a full defense against the accusations of the Securities Commission . Despite these objections, Ripple announced a new partnership with Uphold and Bitstamp exchanges to launch the RLUSD stablecoin, strengthening its presence in the market.

While XRP whales continued to dump exchanges, triggering a wave of speculation in the market, XRP closed the week at $0.54.

Medals of Stardom and meme

Meanwhile, the dog meme category (coins related to popular onions) saw a huge resurgence during the week. The price of Dogecoin rose dramatically after Elon Musk donated $75 million to support Donald Trump’s election campaign.

The market also saw massive rallying movements by Dogecoin whales, which added to optimism about the future of the currency. Dogecoin closed this week at $0.14, amid signs that the coin could be listed on the Grayscale platform.

On the other hand, “Goatseus Maximus” currency saw a noticeable rise after being listed on a major exchange, making it the talk of the hour in the world of cryptocurrencies. Meanwhile, the Shiba Inu company announced positive environmental improvements, as its price has risen significantly over the past week, amid a new partnership that will change the rules of the game in the financial system of money.