As institutions double down on crypto, Bitcoin remains in a consolidation phase. XRP surged on ETF news and Grayscale filed for a Cardano ETF. Goldman Sachs invested billions in Bitcoin, and Abu Dhabi’s sovereign fund poured US$436M into BlackRock’s Bitcoin ETF.
BlackRock launches a European Bitcoin ETP as Litecoin rallies on ETF speculation. Institutional interest remains strong, while altcoins post mixed results amid market uncertainty.
Bitcoin's price tumbled below US$92k as US tariffs and retaliatory trade measures rattled investor confidence. With inflation concerns mounting and a key jobs report on the horizon, investors are closely watching the crypto market amid heightened volatility.
It’s been an eventful week, with the global markets reacting to some seismic shifts in the AI space while crypto held its ground in parts but faltered in others. Let’s break it down.
The crypto market logged its fourth week of growth, with the total crypto market cap up 3.46% to US$3.39 trillion, driven by investor confidence, liquidity, and capital inflows.
In the last trading week, the cryptocurrency market saw significant gains, driven by positive sentiment and key developments across various coins.