This week in the crypto world was a rollercoaster ride, with Bitcoin’s potential drop, Dogecoin’s spending versus holding debate and significant purchases by crypto whales.

Let’s dive into the top stories that shaped the week.

Bitcoin’s Worst-Case Scenario

A Bitwise executive has outlined a potential worst-case scenario for Bitcoin, suggesting that the cryptocurrency could drop another 20% to $48,000. The executive identified three structural supports beneath the current spot price, with $48,000 being the worst-case floor if all three give way.

Read the full article here.

Dogecoin’s Purpose: Spending or Holding?

The Dogecoin Foundation’s director, Timothy Stebbing, has argued that Dogecoin is for spending, not holding. This…