Celebrity Meme Coins, Binance Coin Bull Run and Bitcoin’s Rally: This Week’s Crypto Roundup

The past seven days have been very interesting within the cryptocurrency market. The total capitalization of the industry increased by around $150 billion due to the gains made by Bitcoin and many other altcoins.

Aside from the price action, there were some interesting developments that are driving the market forward, so let’s dig deeper.

First, the price of Bitcoin has increased by more than 5% in the last seven days. This is significant. In fact, of the top 10 cryptocurrencies by total market cap, only BNB is performing better (but we’ll get to that later). Bitcoin’s total capitalization represents about 50.5% of the industry.

BTC is currently trading just below $72,000, inches from its all-time high of around $75,000. The price started to rise on June 3, and the bulls took full control on June 5, when they rose above $70,000 and turned this pivotal level into support. Now, the question many are asking is when the leading crypto will explode above its ATH.

Binance Coin (BNB), however, is the hottest story this week.

The altcoin dominated the market, rising nearly 20%, setting a new all-time high above $700 and showing no signs of slowing down. Calls for $1,000 to be the next goal are already burning in the community as it seems only a matter of time.

Elsewhere, Robinhood, arguably the most popular retail trading app, made news by announcing the acquisition of OG crypto exchange Bitstamp. The deal is worth $200 million and aims to strengthen Robinhood’s presence in the cryptocurrency field while attracting institutional clients through new product development. The deal was all cash and is expected to close in the first half of 2025.

In the realm of meme coins, some high-profile celebrities are apparently jumping on the bandwagon, with crypto Twitter on the fence about whether or not that’s a good thing. Meanwhile, screenshots of a conversation between wrestling legend Hulk Hogan and another person where Hogan appeared to ask if he could only remove posts after they were sold or not went viral. The wrestler said he was not the author of the messages, but the community is not convinced.

All in all, the crypto market is as exciting as ever, and with BTC so close to its ATH, the next few days are worth watching closely!

Market data

Market Cap: $2,801 | 24 Hour Flight: $79 Million | BTC Domain: 50.5%

BTC: $71,612 (+4.4%) | ETH: $3.8316 (-0.12%) | BNB: $705 (+17.8%)

Source: Quantify Crypto This week’s unmissable crypto headlines

Robinhood is betting big on Crypto with the acquisition of Bitstamp for $200 million. Undoubtedly, the most popular traditional retail-oriented trading platforms, Robinhood, have taken a big step to increase their involvement in the cryptocurrency industry. In an all-cash deal, it bought Bitstamp, the largest exchange in the field.

US Bitcoin Spot ETFs record second-best day ever as BTC price hits two-week high. The price of Bitcoin hit a high not seen in the last two weeks. This has also led to BTC exchange-traded funds posting their second-best day earlier this week.

Did Hulk Hogan Participate in the Pumping and Dumping of a Solana Meme Coin? Hogan found himself in serious controversy after screenshots of him allegedly asking about the dump in his audience were pushed to X. The wrestling legend denied his involvement and said the messages were not they were written by him.

Kraken is aiming for an IPO next year: report. One of the leading US-based cryptocurrency exchanges, Kraken, is considering an initial public offering in 2025. Bloomberg reports.

Charles Hoskinson criticizes the media’s negative portrayal of Cardano’s prospects. Charles Hoskinson, the founder of Cardano, has criticized the media for predicting the downfall of Cardano. He argued that such claims are baseless and do not take into account the progress of the project.

Robert Kiyosaki Confident Bitcoin Will Reach $350,000 By August 2024, Here’s How. Rich Dad Poor Dad author and financial guru Robert Kiyosaki believes the price of Bitcoin may reach $350,000 in August. He shared this in a recent tweet.

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This week, we have a chart analysis of Ethereum, Ripple, Binance Coin, Shiba Inu and Polkadot – click here for the full price analysis.

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