Overall Market
Last week, the global crypto market was highly volatile. President Trump’s renewed mention of plans for military action in Iran added to the market’s uncertainty. On the other hand, the inflation rate reaching 2.4%, its lowest level since 2021, was welcome news as it increased the likelihood of an interest rate cut.
Bitcoin (BTC)
It was a rather volatile week for Bitcoin. The price, which was around $71,000 at the start of last week, fell throughout the week to as low as $65,000 mid-week, but recovered at the end to close at $68,000. Some traders see this as a cheap buying opportunity ahead of the next big surge, while others are cautious about the risk of continued price declines.
Ethereum (ETH)
Meanwhile, Ethereum’s price also weakened, falling by about 5% to around $1,998. For example, $161 million flowed out of U.S. ETH spot ETFs over the week, and as major market players aggressively sold their Ethereum, resistance zones collapsed one after another.
Altcoins and Memecoins
Solana saw a 1% decline to $85, while major memecoins like Dogecoin, Shiba Inu, and Pepe, in contrast, experienced growth ranging from 6% to 19%. Elon Musk–backed Dogecoin, in particular, rose 12% after the news that stocks and crypto will be traded directly on the X platform.
Policy and Regulation
Analysts see this market downturn as linked to President Trump’s nomination of Kevin Warsh as the next head of the Federal Reserve. His appointment, considered a hawk and a cautious figure, has raised investor concerns that policy rates will remain high for an extended period, creating uncertainty in the macro market.
