The cryptocurrency market completed the past week with fluctuations and remarkable developments. Bitcoin $94,486.3 and leading altcoins have experienced price fluctuations, while meme coins like Shiba Inu have made community-driven advances. In this process, market actors’ expectations for the last quarter of the year continue to rise.
Although the Retreat in Bitcoin Price is Frightening, Optimism Prevails in the Long Term
Bitcoin price closed at 94 thousand dollars at the end of the week. However, this showed that the asset was experiencing a short-term correction. Despite this, market participants are optimistic about Bitcoin’s long-term performance. The purchase of $ 21 million worth of Bitcoin by the American technology company KULR strengthened this optimism.
On the other hand, slight outflows were observed in cryptocurrency investment funds and Bitcoin ETFs. This revealed some uncertainty in investor sentiment. Famous financial writer Robert Kiyosaki predicted that the price of Bitcoin could reach 350 thousand dollars in 2025. Experts state that Bitcoin can be a strong investment tool in the long term.
Community Mobility in Shiba Inu Draws Attention
Dog-themed meme cryptocurrency Shiba Inu (SHIB) finished the week with strong community developments. Shytoshi Kusama, lead developer of Shiba Inu, confirmed the TREAT token launch. At the same time, the launch of “SHIB: The Metaverse” also took place this week.
The number of Shibarium network users exceeding 2 million created excitement within the community. Additionally, the burn process, which aims to reduce the circulating supply of the SHIB token, positively affects future price expectations. Experts state that SHIB can gain momentum in this process with community support.
These developments in the cryptocurrency market may increase the mobility of the market in the coming period. Investors are advised to be careful about these fluctuations and follow market trends closely.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
