Oh, what a week it has been, my dear readers, a week that could only be described as a grand carnival of numbers and charts, where the mighty Bitcoin (BTC) soared to dizzying heights, only to be brought back to earth by the whims of a certain POTUS. πBTC, the once humble digital currency, now a titan, shot past its January all-time high, setting a new record and leaving the market in a state of bewildered awe. But alas, the joy was short-lived, as the tariff statements from the White House sent BTC tumbling back to a more modest, yet still impressive, $108K. π
But what of the altcoins, you ask? Ah, the altcoins! They have been a tale of two cities, with some basking in the glory of gains and others wallowing in the depths of losses. HYPE, the new megastar of the altcoin world, has been on a tear, posting a 30% gain on a weekly scale, despite a minor hiccup involving a compromised Hyperliquid X account. π AAVE and XMR follow closely behind, with 19% and 17.7% gains respectively, while PEPE and BCH round out the top performers. π
On the other side of the spectrum, SUI and XRP have not been so fortunate. SUI has dropped by 5% since last Sunday, and XRP has slipped to $2.3 after a 2.8% weekly decline. It seems that even in the world of cryptocurrencies, not all stars are destined to shine. π
The total crypto market cap, once a proud and robust figure, has shed around $30 billion since yesterday, now standing at a somewhat diminished $3.5 trillion. But fear not, for the market is a fickle beast, and who knows what tomorrow may bring? π€·ββοΈ
It all began last Sunday evening, when BTC broke out of its weekend calmness and shot up from $103,000 to almost $107,000. It faced immediate resistance there and was pushed south on Monday. The scenario repeated once again as the business week progressed, but the bulls took complete control of the market on Wednesday. After a minor pullback, the cryptocurrency went hard on the offensive in the afternoon and jumped past $109,100 to mark a new all-time high. The bears were quick to intercept and drove bitcoin back down to $106,500, but that was another short-lived correction. By Thursday morning, BTC had resumed its run and skyrocketed to almost $112,000 (on Pizza Day) to register a new all-time high. More volatility ensued on Friday when US President Trump recommended new tariffs against the EU, and bitcoin slipped by several grand almost immediately. It now trades at around $108,000 after a quiet weekend, but itβs still 4% up weekly. Its market cap remains close to $2.150 trillion on CG, while its dominance over the alts is above 61%.
Read More
- Silver Rate Forecast
- SPEC PREDICTION. SPEC cryptocurrency
- USD PHP PREDICTION
- OM PREDICTION. OM cryptocurrency
- ETHFI PREDICTION. ETHFI cryptocurrency
- RUNE PREDICTION. RUNE cryptocurrency
- ILV PREDICTION. ILV cryptocurrency
- Solanaβs Meltdown: $111M Longs Liquidate Like Itβs Going Out of Style! πΈπ₯
- DOT PREDICTION. DOT cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
2025-05-25 10:26