Weekly Crypto Report: Bitcoin Rollercoaster, SEC Settlement, Trump’s Mining Advocacy, and More!

Headline: A Week of Highs and Lows in the Crypto Market: SEC Settlement, Trump’s Bitcoin Mining Advocacy, and Major Hacks

Introduction:
The past week has been a rollercoaster ride in the world of cryptocurrency, with Bitcoin’s price soaring between $65,000 and $70,000 due to unexpected events related to the Consumer Price Index (CPI) news. This article will delve into the top trending news in the crypto market, including significant developments, market fluctuations, and key insights that shaped the week.

Top Trending Crypto News This Week:

• Terraform Labs and Do Kwon Settle SEC Lawsuit for $4.5 Billion: Terraform Labs and its former CEO, Do Kwon, finalized a $4.5 billion settlement with the SEC, leading to a permanent ban from the crypto sector following Terra’s $40 billion collapse.
• Donald Trump Advocates for U.S. Bitcoin Mining Dominance: President Donald Trump expressed support for domestic Bitcoin mining operations during a meeting with industry leaders, emphasizing the strategic importance of keeping Bitcoin operations within the U.S.
• OKX Reports Identity Theft Incidents: OKX revealed a hacker exploited forged judicial documents to access user information, leading to an investigation by judicial authorities.
• CPI Report Sparks Market Volatility: The U.S. Consumer Price Index (CPI) news triggered significant market volatility, with Bitcoin experiencing fluctuations and long-liquidation.
• MicroStrategy Increases Bitcoin Holdings: MicroStrategy upsized its convertible senior notes offering to $700 million to fund further Bitcoin acquisitions and corporate affairs.

Bitcoin and Altcoin Performance Highlights:
Bitcoin experienced increased volatility due to macroeconomic factors, with the price reaching highs of $70,035 and lows of $65,103. Altcoins also saw significant activity, with Ether witnessing buying activity among long-term holders.

Crypto Dominance Shifts and Market Insights:
Bitcoin’s market cap dominance rose while altcoins saw a decline, signaling a shift in investor sentiment towards BTC. On-chain metrics and price analysis suggest potential buying opportunities during price dips.

Bitcoin ETF Data Insights:
Bitcoin ETFs saw outflows for the first time since May, with net inflows generally remaining positive. Various ETFs experienced fluctuations in volume and price changes.

Bitcoin’s Technical Analysis:
Bitcoin’s price fluctuated between $65,000 and $70,000, with technical indicators suggesting a bearish trend. The 20-day EMA and RSI signal potential further declines if the $65,000 level is breached.

Top Cryptocurrency Weekly Analysis:
The article covers meme coins, AI tokens, stablecoins, top gainers/losers, and key blockchain activities, providing insights into market trends and performance.

Conclusion:
Despite challenges such as hacks and market volatility, the crypto market continues to show resilience and growth. Stay informed as we track these developments and provide updates on the evolving landscape of cryptocurrency.