In the last trading week, the cryptocurrency market saw significant gains, driven by positive sentiment and key developments across various coins.
BTC ETF options drove record growth, while Ethereum ETFs saw US$515 million in inflows. Solana prices soared, and speculation grew over Trump’s SEC Chair pick amid Ripple case developments. Chainlink partners on Brazil's CBDC pilot.
In my last report, I highlighted a liquidity-driven price forecast for Bitcoin, which is ascending to global reserve asset status as the best hedge against monetary debasement. This link with currency debasement has held up fairly well over Bitcoin’s short history.
Bitcoin surges to a new all-time high, eyeing US$100k as market confidence grows. ETFs see record inflows, driven by Ethereum’s rally and rising institutional interest. Meanwhile, US inflation stabilises and Australia’s consumer confidence dips, signalling mixed economic signals across global markets.
Ethereum has experienced a strong rally, rising nearly 30% in the past week and reaching the US$3,300 level for the first time since July.
The 2021 bull cycle showed a clear pattern in Bitcoin dominance and total crypto market cap growth that could offer insights into what might happen if the market surges again.
