Bitcoin (BTC) Steady Above $29K: Weekend Watch

• Bitcoin (BTC) remained stable above $29,000 this week.
• Injective (INJ) has increased 17% on a weekly basis.
• Altcoins are relatively quiet today, with Solana being the only notable gainer.

Bitcoin Stable Above $29K

This week started off quietly for Bitcoin (BTC), trading sideways in a tight range of around $27,500. On Tuesday, the bulls drove it up to $30,000 but false panic surrounding US government and Mt. Gox wallets caused it to slump back down to $27,000 before eventually reclaiming almost all losses and coming close to touching the $30K mark yesterday. Despite retracing by several hundred dollars since then, BTC still trades above $29,000.

Injective (INJ) Up 17% Weekly

Injective (INJ) is continuing its surge with yet another 6% daily increase taking it well above $6. This marks an impressive 17% increase from last week when it was trading at around $5.10 per token.

Altcoins Remain Quiet

The altcoin market appears relatively quiet today, with Solana being the only notable gainer amongst larger caps. Other cryptocurrencies such as Ethereum (ETH) and Dogecoin (DOGE) remain mostly unchanged from last week’s prices of around $1,800 and 40 cents respectively.

Potential Impact of Fake News

The fake news regarding US regulators blocking crypto transactions had a significant impact on bitcoin prices this week and demonstrates how easily misinformation can disrupt markets in an instant and cause massive losses or gains depending on which direction investors take their money in response to these events.

Conclusion Overall, BTC remains firmly above the key level of $29K despite some volatility mid-week caused by fake news about US regulators blocking crypto transactions and Mt Gox wallets being frozen which turned out to be untrue after all and had little effect on prices in the end due to investors not responding too negatively towards them. Injective has also seen impressive growth in recent weeks although most altcoins have remained relatively quiet for now