Growth continues! Bitcoin is up +11% for the week, and Ethereum is up +30%. Let’s break down the situation on the crypto market and the week’s events.
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📊 Key Metrics
- Bitcoin: $103,500 | Ethereum: $2,400
- Total Crypto Market Cap: $3.23 trillion (+12%)
- Fear & Greed Index: 70 (+18 points)
- Liquidated positions: $2.5 billion
- Bitcoin dominance: 63.5% (-2%)
- Tether dominance: 4.6% (-0.5%)
- Bitcoin ETF: +$920 million
- Ethereum ETF: -$38 million
🚀 Market Highlights
- Bitcoin broke out of last week’s trading range ($93,000 – $97,000) with a strong move and settled above $102,000
- Ethereum showed the strongest daily growth since 2021 and one of the best weeks in history. A correction is naturally expected. First significant support level is at $2,100
- Bitcoin dominance is showing its first notable correction this year. Many altcoins rose by 20%-30%, and Ethereum is outpacing Bitcoin
- The market is hinting at a potential altseason, but it’s still hard to imagine many altcoins returning to their peak values
- The growth seems driven by expected positive developments in US/China trade talks, a general lack of negative news, Ethereum’s upgrade, and strong asset overselling
📰 Weekly News Recap
- The US FOMC meeting took place this week, announcing the Fed’s key interest rate: 4.5% (unchanged)
- Trump stated that 80% tariffs on China seem like the right move. US-China talks will be held this weekend link
- Strategy acquired link 1,895 BTC ($180M) at $95,167
- Investment firm Abraxas Capital link withdrew 138,511 $ETH ($297M) from exchanges over two days. After the Pectra upgrade, whales began actively accumulating Ethereum
- David Bailey, former Trump crypto advisor, raised link $300M to launch a public crypto trading company
- Maldives will build link an $8.8B International Financial Center focused on blockchain and digital assets — backed by Dubai’s MBS Global Investments
- Over the year, PumpFun collected $294M in fees — more than Ethereum, which earned $249M in the same period
- New Hampshire became link the first US state to approve the creation of a strategic crypto reserve. Meanwhile, Florida authorities withdrew bills link for a Bitcoin reserve
- Major Ethereum upgrade — Pectra — was completed link. Details on Twitter link. Vitalik Buterin proposed link a new architecture and standards to make Ethereum “as simple as Bitcoin” within 5 years
- 82% of trading transactions sent via wallets go through link Binance Wallet
📌 Summary
- Growth continues and overall we’re still in a bull market for $BTC. The major drop in early 2025 turned out to be just a correction, not the start of a bear phase
- Positive momentum is finally visible for Ethereum. It’s growing faster than Bitcoin, whales are actively buying $ETH, and a major upgrade was launched. All this brings us closer to an Ethereum bull run
- Signs of an altseason are emerging. Bitcoin was weaker than altcoins this week. Still, most coins corrected by 90%, so a 20%-30% rebound is relatively minor
- A key story remains the trade relations between China and the US. If the optimism continues, Bitcoin’s ATH might not be far off
🔥 We’re at the beginning of altseason ?
