#CurrentAffairs

Here's the latest cryptocurrency news:

Market Updates

- Bitcoin (BTC) has consolidated between $94,000 and $100,000 in the last nine days, while Ethereum (ETH) and Ripple (XRP) prices have stood relatively stronger, gaining nearly 3% and 7%, respectively, this week.¹

- The cryptocurrency market has been experiencing a mix of trends, with Bitcoin's price stagnating around the 100-day moving average.

Regulatory News

- The Securities and Exchange Commission (SEC) has acknowledged Grayscale's 19b-4 filing to convert its XRP Trust to an ETF, causing XRP's price to surge 4%.

- US states are advancing Bitcoin reserve legislation, while Abu Dhabi has disclosed over $460 million investment in BTC ETFs.

Coin-Specific News

- Solana-based meme coin, BONK, has surged over 20% this week after its listing on Upbit, South Korea's largest crypto exchange.²

- Ripple's XRP price has consolidated around $2.40, up 11% since Monday, with technical indicators suggesting Stellar (XLM) has joined the rally.

Expert Insights

- Brian Armstrong, CEO of Coinbase, predicts that Bitcoin adoption will reach several billion people by 2030 at current rates.³$