Bitcoin Flat at $61K, SHIB’s Rollercoaster, and Market Cap Hitting ATH: This Week’s Crypto Recap

It was a very dynamic week in the cryptocurrency industry, even though it may not seem that way judging by Bitcoin’s price. And yet, we saw a lot of action in the altcoin scene, especially with memecoins and play-to-earn projects, so let’s dive in.
Starting off, Bitcoin failed to produce any meaningful gains over the past week and is only up by about 0.6% throughout the period. Yet, it wasn’t exactly a smooth sail as the price dipped to $60K on Monday, only to bounce above $64K on Tuesday. Unfortunately, it couldn’t sustain up there, and it’s trading at around $61K at the time of this writing.
Shiba Inu, on the other hand, saw plenty of action. Unfortunately for the bulls, it wasn’t very positive. The cryptocurrency is down about 17% over the past seven days as one of the biggest holders started moving coins. This might have sparked fear in the market, and the results are evident.
Elsewhere, we saw a lot of cryptocurrencies native to play-to-earn (P2E) projects pop off righ

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