U.Today Prepares a Summary of the Top Three News Stories Over the Weekend

XRP price hits $1 historic milestone, Satoshi-era whale transfers 2,000 BTC after 14 years of dormancy, Shiba Inu (SHIB) on verge of 23% breakout

Top crypto stories over the weekend: XRP hits $1, BTC whale stirs after 14 years, SHIB eyes 23% breakout

Three major crypto stories unfolded over the weekend, ranging from XRP hitting the $1 mark to a Satoshi-era Bitcoin whale stirring after 14 years and Shiba Inu (SHIB) displaying signs of a 23% breakout.

As reported by U.Today earlier today, XRP hit a historic price milestone on Nov.

16, reaching $1 for the first time ever. This price point was met with great fanfare among the XRP community.

Moreover, XRP's market cap surged by 26.76% to hit $57.98 billion, while its trading volume reached $13.13 billion.

According to analysts, XRP’s current price trajectory mirrors its performance in 2017, when it reached an all-time high of $3.30. This recent surge in value may also be attributed to its listing on Robinhood.

The market optimism was also bolstered by Ripple's progress in its ongoing case with the SEC, coupled with rumors regarding the development of Ripple's dirham-backed stablecoin.

Another factor that contributed to the price surge could be Bitwise's plan to convert its Bitwise 10 Crypto Index Fund into an ETF, which would include XRP.

Currently, XRP is changing hands at $1.14, up 1.33% over the past 24 hours.

Satoshi-era whale transfers 2,000 BTC after 14 years of dormancyData from crypto analytics platform Lookonchain shows that a Satoshi-era Bitcoin miner has recently transferred 2,000 BTC, valued at approximately $180 million, after 14 years of inactivity.

This Bitcoin fortune was mined in 2010, a formative year for the flagship crypto.

During that year, Bitcoin Market, the first-ever BTC exchange, was launched and notable transactions, such as the famous purchase of two pizzas for 10,000 BTC, took place.

While the mined coins date back to when Satoshi Nakamoto was still active, the chances that this wallet is linked to the mysterious Bitcoin creator remain very low.

In 2010, Bitcoin miners produced a total of 3.39 million coins, with Bitcoin's mining difficulty beginning its significant rise.

At the moment of writing, Bitcoin is worth $1.772 trillion, trading at $89,501.

Shiba Inu (SHIB) on verge of 23% breakout as golden cross developsAs indicated by various technical patterns on Shiba Inu's chart, the dog-themed meme token may be on the verge of a major breakout.

After a remarkable rally of over 71.5% earlier this month, reaching a peak of $0.00003, the price has since retraced by 20%, settling around $0.000024, which is considered a healthy correction given its prior performance.

Currently, SHIB is at a crossroads, with one of its potential paths being revisiting $0.00003, which would represent a 23% increase within the coming week, supported by bullish signals from the Fibonacci retracement levels.

Additionally, a golden cross was developing on SHIB's daily chart, which historically has led to substantial price increases; the previous golden cross increased the token's price by 450% between December 2023 and March 2024.

The goal for SHIB is to reach its all-time high of $0.00009, which would mean an increase of 264% from its current price and a return to a market value of nearly $40 billion.

However, it is unclear if this is possible given current economic conditions.