Bitcoin is currently hovering around $68,500, as bulls continue to push for further gains towards its previous high.
As the US elections draw nearer and the bullish sentiment in cryptos solidifies, the prices of several meme coins has seen an increase.
The performance of top crypto coins as well as the meme market is examined in this wrap-up.
Today’s Crypto News
The appeal of Ripple to the SEC remained the main topic as experts commented on SEC’s “late” filing. As the reaction in the community cooled after the initial excitement, the XRP prices hovered at $0.55.
BlackRock is instead looking to gain a foothold in the global crypto derivatives markets through partnerships that target crypto exchanges.
Bloomberg on Friday reported that the investment giant plans to use its tokenized Treasury Asset BUIDL as collateral for derivatives trading.
Anthony Pompliano, an investor and entrepreneur from X, said on October 18 that Wall Street overthinks the opportunities that Bitcoin offers.
BTC will be the one to benefit when Wall Street falls.
Grayscale, a crypto asset manager who also issues GBTC tokens and has announced the opening of private placements in 20 crypto-token funds on Friday.
The fund targets qualified investors. It includes Avalanche Aave XRP The Graph SUI SUI.
Worldcoin also rebranded as ‘World’, and launched several updates including its layer-2 World Chain.
As the crypto markets head for the weekend, here are some price performance for Bitcoin, Solana Dogecoin and Stacks.
BTC Price
Bitcoin’s price is now above $68,000, thanks to the gains made over the past week.
The intraday peak of $68,871 means that the $73k all-time record high is only 7% below current levels.
The next bull resolve may be a three-month high above $69,000 and a psychological level of $70,00,000.
A retest of the support level above $65,000 will make a great bull.
BTC has risen 10% over the last week.
SOL Price
Since its dip from over $200, Solana as an altcoin has been struggling.
The SOL has shown a remarkable resilience since it climbed from $135 to below $135 in October.
The altcoin could test the resistance at $190 if it tracks BTC’s gains during a boom in meme coin.
Solana may be the top performer in this market, as various protocols are on their way up after Breakpoint. SOL is up nearly 8% over the last week.
Price of DOGE
Dogecoin is currently trading at around $0.14. This represents a gain of more than 13 percent in the last 24 hours, and a rise of over 22 percent in the week.
Grayscale’s weekly return list of top assets includes the meme coin as number one.
Grayscale Crypto Asset Snapshot Our weekly snapshot of #crypto assets ranked by returns over the past week. – $DOGE #bitcoin #ethereum $SOL $AVAX $BNB $XRP $ADA $TON $TRX
DOGE, as we have already mentioned earlier today was one of the 100 top coins in terms of market capitalization. Book of Meme was the first coin to gain during Asian trading hours.
According to crypto analysts, the narrative of memes could lead Shiba Inu and Floki as well as Pepe and dogwifhat, among other things, to skyrocket within the next few months.
Meme coins are among the tokens that traders will likely be watching next week, and before the US elections.
Traders, especially those who are facing significant unlocks, will be focusing on coins that outperform and underperform.
Price of stacks
As of this writing, the price for Stacks (STX), which is a cryptocurrency exchange traded at around $1.94. A breakout from the ascending triangle is expected to propel STX up to its year-to date highs of $3.72.
Nakamoto’s upgrade of the Bitcoin layer-2 network scheduled for 29 October could be an important catalyst.
The new version brings Bitcoin finality and fast blocks to Stacks.
The post Crypto Wrap: BTC eyes $70k, DOGE leads weekly return list appeared first at ICD
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