The cryptocurrency market is gearing up for an eventful week, highlighted by Bitcoin (BTC) 
$93,447, XRP, and Shiba Inu (SHIB). While Bitcoin shows positive signals regarding future price movements, XRP and Shiba Inu stand out thanks to developments backed by their communities. Notably, Shiba Inu’s token burn activities have captured attention, and Donald Trump’s potential re-election has created a hopeful atmosphere for Ripple 
$2 supporters.
Increased Buying Pressure for Bitcoin
Bitcoin witnessed several encouraging developments this week. Leading Bitcoin miner MARA announced plans to raise $700 million to increase BTC acquisitions. Similarly, Semler Scientific created additional buying pressure by purchasing $29 million worth of Bitcoin.
Additionally, MicroStrategy revealed it purchased 15,400 BTC for $1.5 billion, supporting investor optimism. Hut 8 also announced plans to raise $500 million for acquisitions. These events showcase the intense interest in Bitcoin, creating a market environment that influences price movements.
However, concerns arose due to the incomplete repayment plan for substantial BTC transfers from Mt. Gox. Furthermore, the U.S. Government attracted attention by moving $1.9 billion worth of BTC to a new address. Additionally, Trump’s appointment of Paul Atkins as SEC Chairman is seen as a promising step for the future of cryptocurrencies.
Significant Market Activity in XRP and Ripple
Ripple’s native cryptocurrency XRP has emerged as one of the week’s most noteworthy assets, surpassing Solana 
$184 (SOL) and Tether (USDT) in market capitalization. During this period, Ripple whales transferred $177 million worth of XRP, revitalizing market interest and contributing to price increases.
Trump’s various crypto-friendly appointments fostered an optimistic atmosphere regarding the impending conclusion of the XRP lawsuit. The appointment of David Sacks to oversee artificial intelligence and cryptocurrency indicates a positive direction for XRP’s legal matters. Ripple CEO Brad Garlinghouse attributed XRP’s rally to SEC Chairman Gary Gensler resigning and Ripple’s legal victories.
Meanwhile, XRP Ledger developers took steps to update the mainnet for transaction optimization. These developments contributed to the altcoin‘s rising momentum and captured market attention.
Shiba Inu Sees Increased Token Burn Volume
Shiba Inu was in the spotlight this week due to a high volume of token burns. Approximately 3 billion tokens were burned, with 250 million provided by the ‘1 CENT DREAM’ project. This development reduced circulating supply and led to a 15% price increase.
Shiba Inu’s lead developer Shytoshi Kusama introduced SHIFU coin, a new project aimed at supporting the ecosystem. This initiative galvanized the Shiba Inu community and strengthened its market position. The token burn mechanism and innovations within the ecosystem successfully attracted market interest.
