Ripple leading with 11 % profit, Bitcoin is fighting with $ 27,000, injective (inj) explodes: The summary of this week

Ripple leading with 11 % profit, Bitcoin is fighting with $ 27,000, injective (inj) explodes: The summary of this week

The market for cryptocurrencies has grown in the past seven days, but it was nothing particularly remarkable. Bitcoin remained rather stagnant and achieved an increase of a little more than one percent. However, there were those who exploded and the recovery of the market. Namely XRP. Let's immerse yourself.

let's start with the BTC Prize-it was not very impressive last week. In fact, the most important cryptocurrency only recorded an increase in just more than one percent and cannot currently convincingly claim the $ 27,000 mark. This week there was a certain volatility when BTC rose over $ 28,000, but buyers could not maintain the pressure, and finally the sellers took over and pressed the price up again.

With Ripplallerdings, it is XRP - that was a different story. The cryptocurrency has exploded by over 11 % in the past seven days. It seems that investors begin to praise a possible victory in the event of the Securities and Exchange Commission.

But that wasn't even the most impressive performance of the week.

injective (inj) is the top performer this week. In a market that is otherwise rather insecure, it has risen by a whopping 25 %. The altcoin was one of the best performers all year round.

The week was also important for stable coins. USDC was introduced to Arbitrum, while Tether announced that it will start a sustainable Bitcoin mining operation in Uruguay.

It is also worth noting that another heavyweight of cryptocurrency is an expansion outside of the United States. Gemini is considering the VAE as a new goal because the regulatory environment in the United States does not improve.

All in all, the week was relatively productive with regard to the price development and the market seems to wake up from its latest sleeping beauty. Nevertheless, it remains to be seen how the next few weeks will develop and whether the positive mood increases.

Market data

Market capitalization: $ 1,182 billion | 24-hour volume: $ 36 billion | BTC dominance: 44.1 %

BTC: 26.922 $ (+1.2 %) | ETH: 1,881 USD (+3%) | BNB: $ 304 (-0.6 %)

What would happen to Bitcoin if the US debt limit breaks (opinion). Despite the fact that a first agreement was reached, the problems related to the US debt are still worried about investors. Here is a thought of what could happen to BTC if the debt limit breaks through.

tether leads sustainable Bitcoin a mining operations in Uruguay. Tether, the issuer of the largest stable coin-USDT, will start sustainable Bitcoin mining operations in Uruguay. The company announced this on May 30th.

USDC StableCoin is native to the Layer 2 scaling solution arbitrum. The USDC stable is native to Arbitrum. The latter is a Layer 2 scaling solution for Ethereum. Stablecoin is considered the official version of USDC for the Arbitrum ecosystem.

Gemini plans expansion in the United Arab Emirates in the middle of uncertainty in the USA, Crypto.com receives MPI license in Singapore. Gemini also an expansion outside the United States. In particular, the platform depends on the VAE. The reason seems to be in the growing regulatory burden and uncertainty in the United States.

Bitcoin mining The level of difficulty exceeds 50 T. The mining difficulty of Bitcoin reached an all-time high. The last difficulty adjustment took place on May 31 and increased the entire mining swivel degree by 3.4 %.

Will Ethereum turn Bitcoin over? We exhibit Chatgpt and Google's Bard against each other. In an interesting debate, we had two of the most popular KIs competing against each other. Here is what Chatgpt and Google Bard think about whether Ethereum will turn Bitcoin.

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This week we have a chart analysis from Ethereum, Ripplecardano, Binance Coinund Litecoin - click here for full price analysis.

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