$3.34T Crypto Market on Shaky Ground
Happy Friday!
The crypto market has experienced major changes in prices and sentiment over the last week.
Optimism has leaned more towards caution, and while Bitcoin is still trading above the $100,000 price level, it has experienced a slight pullback from the $111,900 zone.
The flagship cryptocurrency has dipped to around $106,061.71 after touching a high of $111,970.17 last week.
This decline was mostly due to the renewed tariff concerns from the legal back-and-forth with US President Donald Trump.
Despite this, institutional confidence in Bitcoin remains strong, with continued inflows into spot Bitcoin ETFs.
The altcoin market has also mostly been in negative territory and has been tracking Bitcoin's slight correction.
Ethereum, on the other hand, is currently trading around $2,637.83 with a 1.5% dip over the past week. Other major altcoins like BNB, Solana, Dogecoin and XRP have also seen declines.
Crypto Market Summary
Bitcoin has pulled back from its highs around $111,970.17 and is currently trading around $106,061.71.
Market sentiment has shifted from "Extreme Greed" to "Greed," with the Crypto Fear and Greed Index now showing a reading of 60/100, down from 78/100 a week ago.
Bitcoin's market dominance is still strong at 63.97%, while Ethereum's dominance is around 9.5%.
Several altcoins are showing signs of weakness, with Ethereum trading around $2,637.83, Solana near $165.62, BNB at $689.65, Dogecoin at $0.21, and XRP at $2.22.
U.S.-listed Bitcoin ETFs have seen encouraging inflows, with $432 million flowing in despite the general market concerns.
General Market Overview
The total crypto market cap currently stands at $3.34 trillion, after dipping by 3.93% in the last 24 hours.
The previous week has seen stronger geopolitical uncertainty, especially around US tariff policies, which has affected the crypto and trad-fi markets.
In addition, macroeconomic pressures like the higher-than-expected US jobless claims and a 0.2% GDP contraction in Q1 2025 have added to the short-term market crab-walk.
In terms of market sentiment, the Altcoin Season Index is currently showing a reading of 24/100, which shows that we are still in a "Bitcoin Season" and that Bitcoin has been outperforming most altcoins over the past 90 days.
Overall, the market has seen a slight cool-down compared to last week, with investors mostly being cautious.
In the coming week, maintained institutional interest in Bitcoin could provide some much-needed support.
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Market Watch
XRP Price Prediction: Can Bulls Hold $2.35 or Will Bears Take Over?
XRP has lost momentum and slipped below the $2.50 support level.
The cryptocurrency is currently consolidating around the $2.35 Fibonacci retracement level, which could determine either a bounce or further decline.
Despite short-term bearish indicators, analyst Crypto Yoddha sees XRP rising to a price range of $5-$10.
XRP's network activity has drastically declined, with daily active accounts plummeting over 94% in six months to just 10,900.
Why Solana Is Poised for a Breakout to $300 and Beyond
Solana's price has surged by nearly 100% in six weeks, from $95 to $180.
It is currently testing a major resistance zone between $180 and $200 and could be targeting $252, $295 (all-time high) or even higher.
Solana's Total Value Locked (TVL) has increased by 54% in six weeks to $9.44 billion.
The booming memecoin market on Solana has seen its collective market cap jump 70% to nearly $14 billion.
Bitcoin Nears $110K: The Real Reason Crypto’s Booming This Week
The crypto market cap surged by $46 billion to $3.39 trillion, on the back of institutional confidence.
Bitcoin is close to its all-time high, with analysts watching the $110,000 level for more bullish momentum.
Increasing institutional interest from Blockstream CEO Adam Back's investment in H100 Group AB might have been a major driver of the rally.
Bitwise predicts massive Bitcoin inflows soon, to the tune of $120 billion by year-end and an additional $300 billion by 2026.
Top Crypto News
Ethereum’s Tipping Point: Why Traders Should Be Extra Cautious This Week
Approximately 38% ($123 billion) of Ethereum's market cap is held by investors with very slim profit margins (0-20%).
A fall in Ethereum's price below $2,300 could trigger a wave of panic selling and liquidations.
Despite the market's fragile state, Ethereum whales have been accumulating.
Ethereum's recent cross above the Gaussian Channel midline shows an "altseason" is approaching.
Traders should watch the $2,300 support and $2,500 resistance levels for Ethereum to determine what comes next.
Crypto Crime Alert: France Busts Kidnapping Ring Targeting Crypto Industry Elites
French authorities have arrested over a dozen individuals (including minors) in connection with the string of crypto-related kidnappings in France.
High-profile crypto figures and their families have been targeted in these violent ransom attempts.
Criminal organizations are increasingly using digital anonymity for real-world violent crimes.
These incidents show a trend where crypto-related crime is moving beyond digital fraud into physical violence.
Is the UK Becoming the Next Crypto Capital? 2025 Numbers Say YES
The UK has come out as a surprise leader in crypto adoption growth, with ownership rising from 18% in 2024 to 24% this year.
Singapore has the highest overall crypto ownership at 28%, despite the UK's fast year-over-year increase.
Pro-crypto sentiment, especially driven by favorable policy changes under President Donald Trump in the US, is a major factor.
Political confidence in government stances on digital assets like Trump's Strategic Bitcoin Reserve and Europe's MiCA regulation are other factors as well.
Top Video of the Week
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That’s a wrap for today!
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