Top 5 Altcoins Shine as Weekly Winners in Crypto Market

As every week, BeInCrypto presents the TOP 5 altcoins that increased the most in the cryptocurrency market during the last 7 days. More specifically, the period between June 4-9, 2023.

Timeline of Beldex, Bitcoin, Dogecoin, Flex, Terra-luna, Stacks, Tominet

After the turbulent start to the week, Dogecoin (DOGE) price quickly reclaimed $0.072 on Tuesday. However, widespread negative media sentiment has sent it spiraling toward $0.065 once again.

The U.S. Department of Justice has charged two Russians, Alexey Bilyuchenko and Aleksandr Verner, for conspiring to launder 647,000 Bitcoin (BTC) stolen from their hack of Mt. Gox in 2011, according to a June 9 statement.

Ark Investment Management Founder and CEO Cathie Wood, known for her disruptive investment strategies, told CNBC's Andrew Ross Sorkin Friday that her base case for Bitcoin (CRYPTO: BTC) is still $600,000 by 2030, and she's not betting against the government by purchasing more Coinbase Global Inc (NASDAQ:COIN) shares, among other topics. Coinbase, Government, And Checks & Balances: In the wake of the SEC's continued battle over the definition of "unregistered securities" via its lawsuit against Coinbase, Wood was asked if she is effectively betting against the government with her purchase of roughly $20 million in Coinbase shares earlier this week when the stock fell on news of the lawsuit.

The LUNC price experienced a significant increase of more than 37% over the last week. However, the Terra Classic price subsequently encountered bearish rejection at the Golden Ratio resistance

As the fallout from the lawsuits filed by the United States Securities and Exchange Commission (SEC) against two popular cryptocurrency exchanges – Binance and Coinbase – subsides, cryptocurrencies are slowly starting the recover, including those that are still available for less than $0.10 apiece.

Bitcoin (BTC) is trading at a slight discount on Binance.US following the exchange's announcement of its banking partners' decision to halt USD payment channels on June 13, amidst ongoing regulatory troubles, according to Kaiko data. Kaiko stated that BTC traded at a premium on Binance.

Bitcoin (BTC), the largest digital currency by market capitalization, appears to be facing its first pronounced recession in the United states. According to the Senior Macro Strategist for Bloomberg Intelligence, Mike McGlone, Bitcoin may be facing its first official recession in the United States.

Crypto News: In a recent televised interview on CNBC, renowned investor Cathie Wood, the CEO of Ark Invest, made a bold prediction for the future price of Bitcoin. According to Wood's analysis, the flagship cryptocurrency could surge to a staggering $1 million by 2030, with its base price currently hovering around $600,000.

Crypto news: We bring you a round-up of what went down in crypto this week. There's more bullish news from Ripple in its legal dispute with the Securities and Exchange Commission (SEC).

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $26,600 level on Friday. Ethereum (CRYPTO: ETH) also recorded gained, trading above the key $1,800 mark this morning.