In a dynamic week in the cryptocurrency world, Bitcoin made headlines as it reached highs not witnessed since the digital asset crash of May 2022. The leading virtual coin briefly touched $39,000 on Friday before experiencing a slight downturn. As of now, Bitcoin is trading at $38,806 per coin, representing a 24-hour rise of approximately 1% and a weekly increase of 3%, according to CoinGecko.

The recent upswing in Bitcoin's price can be attributed to favorable comments made by Federal Reserve Board Governor Christopher Waller. James Butterfill, the head of research at European digital asset manager CoinShares, noted that Waller's remarks had a positive impact on Bitcoin's market value.

In parallel to the Bitcoin surge, various obscure meme coins garnered attention, albeit not necessarily for the right reasons. Following the passing of former Berkshire Hathaway Vice Chairman Charlie Munger, a new Ethereum-based token called MUNGER began trading. Munger was widely known for his public criticism of Bitcoin, and the creation of this token appears to be a response to his stance.

Similarly, after the death of prominent diplomat and former U.S. Secretary of State Henry Kissinger, several Ethereum-based coins, minted in his honor, saw a significant spike in their prices. These coins, driven by sentimental value, attracted investors looking to commemorate Kissinger's legacy in the form of cryptocurrency.

Adding to the eventful week, controversial statements made by Tesla CEO Elon Musk in an interview resonated with meme coin enthusiasts. Musk's comments, directed towards companies such as Apple, IBM, and Ubisoft, triggered the trading of several meme coins based on his remarks.

Elon Musk, being no stranger to the world of meme coins, had previously shown public support for Dogecoin, the original meme coin and the 10th largest digital asset. Interestingly, Dogecoin experienced notable gains and is now trading at $0.0842. It currently claims the title of the best-performing cryptocurrency over the week, having risen nearly 8% in seven days.

As the crypto market continues to evolve, the total market capitalization currently stands at $1.52 trillion, showcasing a 1.2% increase over the past day.

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