From Nasdaq, Inc.:

This week, the cryptocurrency market is abuzz with activity. Legislators are close to finalizing a bill to regulate stablecoins, giving the Federal Reserve more power over their issuance, and the value of Bitcoin, Ethereum, and Dogecoin surged. In addition, GameStop Coin saw a 100% rise, and Shiba Inu could be preparing for a rally. On the flip side, Dogecoin outshone its memecoin rivals.

Despite a slight dip, Dogecoin outperformed its memecoin competitors. The coin is thanks in part to having strong metrics and speculation sparked by Elon Musk, with data showing Dogecoin holders in profit stand at 46.94%.

GameStop Coin jumped 100% in 24 hours on Tuesday, reaching $14.4 million in trade volume. This surge could be connected to an upcoming positive earnings announcement by GameStop.

Shiba Inu could be preparing for a rally, as analyst Ali Martinez has identified a buy signal for the self-proclaimed ‘Dogecoin Killer’ using a technical analysis tool.

Bitcoin, Ethereum, and Dogecoin saw a significant surge on Wednesday evening, fueled by increased accumulation of Bitcoin by large holders.

Maxine Waters (D-Calif.) stated that lawmakers are close to finalizing a bill that would regulate stablecoins, proposing greater Federal Reserve power over stablecoins.



Read more: Maxine Waters On Stablecoin Bill, Dogecoin Outshines Memecoin Rivals, Gamestop Coin Soars And More: Weekend Crypto Roundup