Bitcoin barely moved from US$105k this week as markets digest Fed signals and geopolitical changes. This week's wrap covers major stablecoin moves, tax updates, and shifting global economic outlooks.
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Bitcoin briefly climbed past US$110,000 early last week before retracing to around US$105,000 following heightened geopolitical tensions, including Israeli airstrikes in Iran. Traditional safe-haven assets like gold and the US dollar gained, while crypto markets broadly pulled back on risk-off sentiment.
Despite recent volatility, BTC is showing strength above US$105K, with ETH gaining traction and major market drivers ahead.
Approaching its all-time high, Bitcoin sees cautious trading despite a record US$167 billion in crypto fund assets in May, driven by investor diversification. Ethereum derivatives surpass Bitcoin volume. BlackRock’s ETF grows rapidly.
With growing institutional flows and real-world use cases, Ethereum is having a moment.