Bitcoin (BTC) Holds $68K Level as This Week Ends, Meme Coins Sector Steals the Spotlight with Attention-Grabbing Gains

The crypto market concludes another week with remarkable developments unfolding across the broader sector. Against the backdrop of an ‘uptober’ rally sentiment

Key crypto market developments over the past week include:

- Bitcoin price holding the $68K level amid bullish market sentiment and institutional interest.

- XRP lawsuit sees a new turn with the SEC filing Form C in its appeals, but not including XRP status.

- Meme coins, such as Dogecoin and Shiba Inu, continue to generate attention with price gains and ecosystem developments.

Here's a closer look at some of the top crypto market headlines covered by CoinGape Media over the past week, which have highlighted a flurry of activity across the broader market.

Bitcoin Price Holds $68K, Sparking Optimism

BTC price clocked the $68K level as the week ended on a high note, primarily due to bullish market dynamics. Spot Bitcoin ETFs recorded a massive $2.13 billion in inflows over the past seven days, indicating heightened institutional interest in the asset.

Simultaneously, Robinhood rolled out plans for Bitcoin and Ethereum futures trading this week, adding to optimism surrounding the assets.

On another note, Japan revealed plans to unveil a stimulus package, which is set to be larger than last year’s 9.1 trillion yen ($87 billion) injection, earlier this week. This development has also contributed to optimism surrounding BTC price movements.

Moreover, American entrepreneur Elon Musk's Tesla moved a stash of Bitcoin, valued at $760 million, this week, which grabbed attention. Also, leading publicly listed German firm Samara AG revealed plans to add more BTC to its holdings. In addition, Mike Novogratz's Galaxy Digitalもとばっちり received nearly 500 BTC, sparking market discussions. Overall, the flagship crypto leverages significant buying pressure this week amid the recent market events.

XRP Lawsuit Sees New Developments

Meanwhile, the XRP lawsuit saw an interesting turn of events this week. The U.S. SEC filed Form C as a part of its appeals against Ripple recently. However, the XRP community found solace as the XRP status as a non-security was not appealed.

Later, attorney Fred Rispoli slammed Ripple execs Brad Garlinghouse and Chris Larsen for questioning some SEC charges instead of opting for a full trial defense. On the other hand, Ripple announced Uphold and Bitstamp as exchange partners for the RLUSD stablecoin launch. Further, XRP whales continued dumping to exchanges, raising market speculations. Altogether, the abovementioned developments brought the spotlight back on Ripple's native crypto, XRP, which closes the week at the $0.54 level.

Meme-Themed Crypto Echo Frenzy

In the interim, the meme coins sector also witnessed attention-nabbing developments this week. Dogecoin price kicked the week off on an optimistic note, gaining as Elon Musk's donation of $75 million to elect Donald Trump hit the headlines. Meanwhile, DOGE whales made their move to accumulate heavily, adding to optimism over the asset's price. DOGE price clocked the week at the $0.14 level. Further, Grayscale hinted at a potential listing looming for the meme token.

In another development, Goatseus Maximus (GOAT) price surged massively amid a major listing this week, emerging as the talk of the crypto town.

On the other hand, Shiba Inuឬ심생역 reverberated optimism in light of remarkable ecosystem developments. The SHIB burn soared remarkably in the past seven days. Whilst Shytoshi Kusama revealed a game-changing partnership for the SHIB financial layer.

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