Bitcoin’s Market Dominance Skyrockets Amid Global Economic Uncertainty: Your Weekly Crypto Recap

The previous week was far more eventful and volatile due to rising global trade tensions between the US, China and other countries, but there were also some notable events that need to be discussed.

Remember that Bitcoin prices ended last week with a positive note. After falling below $75,000 to mark a five-month low. The suspension of tariffs in almost every country (except China) caused major clashes on Thursday and Friday, with BTC entering at around $82,000 over the weekend.

Unlike the previous weekend, last weekend was a little more bullish as Bitcoin jumped to $85,000 on Sunday evening. It continued its rise on Monday by tapping $86,000, where it faced immediate rejection. It fell by $3,000 within a day, but returned to the attack later that day, jumping at a multi-week peak of $86,500.

However, similar rejection led to similar rejection. On Wednesday, BTC targeted $86,000, but saw even more calm volatility (compared to the previous week) when BTC aimed for $86,000 by Chairman Jerome Powell’s Hawkish’s comments on interest rates and highlighting the dangers of the tariff war.

Nevertheless, Bitcoin continues to range, with its prices now lying between $84,000 and $85,000, as it has been throughout most weeks. Some Altcoins, such as Bitcoin Cash and Solana, outperform BTC on a weekly scale, but the biggest cryptocurrency dominance has been strengthened recently.

Just like it did four years ago, it surpassed the 60% mark on most data aggregators. However, this time, unlike 2021, there are millions of coins, which means there are more weight.

Market Data

Market Cap: $2.75T | 24 Hours Vol: $60b Billion | BTC Dominance: 60.9%

BTC: $84,450 (+2.3%) | ETH: $1,585 (+1.2%) | XRP: $2.06 (+3%)

Don’t miss this week’s crypto headings

Bitcoin Zilla is buying “Never Have You Ever”: Analyst. Large Bitcoin investors with 1,000-10,000 BTC seem to have been actively accumulating over the past two months. This highlights the increased trust among whales, despite range-bound price action.

The White House is a Bitcoin reserve supported by gold and tariffs. Bo Hines, executive director of the Presidential Advisory Council on Digital Assets, said the current US administration is considering creating a National Bitcoin Reserve. The warning is that it is funded by alternative government revenue streams such as tariffs.

Bitcoin (BTC) may be in the waiting stage. Here’s why: Bitcoin’s realization of capitalization is approximately $872 billion. However, careful investor behavior and relatively slow growth suggest that the market may be in a phase of integration.

Bitcoin ETF, corporate buyers are quietly stabilizing BTC prices: analysts. Bitcoin prices increased volatility last week, but analysts say corporate whales (e.g. strategy) and Bitcoin ETF buyers are responsible for price stabilization.

Base token dumps and pumps as a spark discussion of “content coins”. The popular Ethereum L2, Base, a protocol incubated by Coinbase, fired a token called Base Is for Everyone (Base). It’s not explicitly a meme coin, but it caused considerable controversy as reports of people winning big money came to light.

Trump threatens to fire the Fed’s chair when crypto traders wait for FOMO. President Donald Trump accused U.S. Federal Reserve Chairman Jerome Powell of failing to properly assess the country’s current economic situation, particularly in terms of not lowering interest rates amid reportedly declining inflation.

chart

This week we have a chart analysis of Ethereum, Ripple, Cardano, Hype and Solana. For a full price analysis, click here.