Bitcoin $60,045The price of , which was $53,229 last week, rose 12% to over $60,000 this week. This increase occurred on the expectation that the US Federal Reserve will cut interest rates by 50 basis points. The steps that the central bank will take after two years of high interest rates and inflation are being wondered.
Ethereum and Other Crypto Assets
Ethereum 
$2,418 It was also among the rising crypto assets. It increased by 11% in the last week and reached $2,442. This recovery after the recent decline was welcomed by investors. In addition, warnings made by consumer protection groups about Tether found echo.
Tether and XRP Developments
Tether has been criticized for its lack of transparency regarding its dollar reserves, raising concerns that the company could harm consumers in the future. The price of XRP is also expected to rise in line with Grayscale’s Ripple 
$0.582808 After introducing a new product compatible with , it increased by 10% to $0.57.
Sam Bankman-Fried Case
Lawyers for former FTX executive Sam Bankman-Fried have appealed the court ruling, arguing that the presumption of guilt was wrong from the start and that the failed exchange always had the cash to pay customers. Bankman-Fried now faces up to 25 years in prison.
The fluctuations in the cryptocurrency market have been drawing investors’ attention in recent days. While the price increases of major cryptocurrencies such as Bitcoin and Ethereum excite investors, concerns about stablecoins such as Tether create anxiety. In light of these developments, how the market will shape itself in the future continues to be a matter of curiosity.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
