Bitcoin’s record-breaking surge, which shattered January’s peak, met a wall Friday. Presidential tariff talk sent the cryptocurrency spiraling back down to earth after its meteoric rise.
HYPE is skyrocketing, fueling a frenzy among altcoins that are flexing their muscles and delivering impressive weekly gains. Meanwhile, SUI and XRP are losing steam, lagging behind the rally as the big caps take a breather.
BTC to $108K
Last Sunday, the crypto markets witnessed a seismic shift. Bitcoin, slumbering through the weekend near $103,000, suddenly exploded to almost $107,000. The ascent was short-lived, however, as a wall of resistance slammed the price back down on Monday. The tug-of-war continued throughout the week, a frustrating dance between bulls and bears, until Wednesday when the bulls finally seized the reins, wrestling complete control of the market.
Bitcoin shrugged off an early stumble, roaring back to life in the afternoon to smash through $109,100, etching a new all-time high in the digital ledger. Bears, smelling blood, swarmed in, briefly dragging it back to $106,500. But the dip proved a fleeting mirage before the bulls reclaimed control.
Pizza Day delivered more than just cheesy goodness this year. Bitcoin feasted, too, rocketing to a breathtaking $112,000 by Thursday morning and etching a new all-time high into the crypto history books.
Bitcoin weathered a turbulent Friday after President Trump’s EU tariff threat triggered a dramatic $3,000 plunge. After a weekend of relative calm, the digital currency hovers around $108,000. Despite the rollercoaster, Bitcoin still boasts a 4% gain for the week, proving its resilience in the face of geopolitical headwinds.
Its market cap remains close to $2.150 trillion on CG, while its dominance over the alts is above 61%.
Volatile Alts
Forget Bitcoin. A new crypto king has arrived: HYPE. This altcoin isn’t just trending; it’s setting records. Friday saw a dizzying climb to a new all-time high, and even a security breach on Hyperliquid’s X account couldn’t derail its ascent. Up a staggering 30% this week, HYPE is the undisputed champion of the crypto arena.
AAVE leaps ahead, soaring 19% this week, closely followed by XMR’s impressive 17.7% surge. Not far behind, PEPE and BCH are also making waves.
SUI stumbled, shedding 5% since last Sunday, while XRP slid to $2.3, a 2.8% dip that whispers of a less-than-stellar week.
The total crypto market cap has shed around $30 billion since yesterday and is down to $3.5 trillion on CG.
Thanks for reading These Are This Week’s Biggest Altcoin Gainers and Losers as BTC Slides to $108K (Weekend Watch)
