Bitcoin’s journey recently saw it drop from above $110,000 to under $104,500 briefly, before stabilizing and regaining $107,000 during the weekend. The asset then surged past $111,000 and even reached a high of over $114,000, only to experience fluctuations leading to a dip below $106,000 again. However, it managed to hold its ground well above $105,000.

On the day of the release of the US CPI data, which came in lower than expected, BTC surged by $1,000 to hit $112,000 before retreating back down.

Despite these fluctuations, the weekly overview shows a positive increase of 5.7%. Other cryptocurrencies like DOGE, SOL, LINK, HYPE, and BCH have also shown stronger performance during this period.

According to recent data, the total cryptocurrency market capitalization has bounced back $200 billion to reach $3.850 trillion.

Market Data

Weekly Market Overview: Source: QuantifyCrypto Market Cap: $3.850T, 24H Vol: $160B, BTC Dominance: 57.7%

This Week’s Crypto Highlights

• Jamie Dimon from JPMorgan has stated that BTC and ETH will now be accepted as collateral for loans, bolstering support for cryptocurrencies in traditional finance.
• President Trump has reportedly granted a pardon to Changpeng Zhao of Binance, indicating a positive shift towards the crypto industry.
• Coinbase has acquired Echo for $375 million, continuing its expansion in the market.
• New strategies from prominent investment firms indicate ongoing bullish sentiment in the market.

Technical Overview

This week brings a comprehensive chart analysis covering Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid. Click here for the complete price analysis.