Trump-Musk Rift, Bitcoin’s Value Swings, and ECB’s Newest Transfer: Your Weekly Crypto Recap

Though the week began in a sluggish method, it shortly grew to become an fascinating one, particularly when the cleaning soap opera on the highest ranges in america came about. But, the drama that unfolded between the US President and considered one of his closest allies managed to impression the crypto markets as properly.

However earlier than we go into the small print of the shortly escalating spectacle between the 2, let’s rewind the clock barely to the occasions that transpired since final Friday. Bitcoin’s value was fairly calm at that time, as after the few rejections at round $110,000 within the earlier week, it had discovered a stable spot near $104,000.

It sat there for about 72 hours and began to achieve traction as the brand new week started. Nonetheless, it couldn’t go any greater than $106,500, the place it was stopped on just a few events. Even yesterday, after the European Central Financial institution introduced an eighth rate of interest reduce, dropping the metric to a two-year low of two%, BTC managed to climb solely to $106,000.

It confronted quick promoting stress at that time and slumped to a multi-week low of $100,400. After all, the blame for this substantial correction was placed on the aforementioned drama between Musk and the POTUS. Each males used their respective social media platforms to fireplace pictures at each other.

A few of the most notable embody Musk saying Trump was within the Epstein information, whereas the President threatened to halt the previous’s authorities contracts. Extra not too long ago, Trump denied rumors that he plans to hash it out over a cellphone name, and different studies even emerged claiming that he plans to promote his Tesla EV.

Regardless of this ongoing saga, BTC managed to get better some floor and now trades round $104,000. This represents a 1.7% decline on a weekly scale, however it’s minimal in comparison with the substantial losses skilled by DOGE (-12.5%), SIU (-8.5%), LINK (-8.5%), and AVAX (-10%).

Market Information

Market Cap: $3.365T | 24H Vol: $145B | BTC Dominance: 61.4%

BTC: $103,860 (-1.7%) | ETH: $2,471 (-4.7%) | XRP: $2.16 (-1.2%)

This Week’s Crypto Headlines You Can’t Miss

No Value Spike, However 22,500 BTC Quietly Left Exchanges in a Single Day. Though BTC’s value is but to react, the quantity of bitcoins heading out of exchanges and going into self-custodial gadgets continues to impress. In a single day alone, over 22,500 BTC have been moved from buying and selling platforms, which reduces the promoting stress.

On-Chain Information Indicators ‘Purchase the Dip’ as Bitcoin Hashrate Hits New Highs. Bitcoin’s value tumbled, as talked about above, this week to a June low of beneath $100,500. Nonetheless, an necessary on-chain metric, the Bitcoin Hash Ribbons Indicator, flashed a “purchase the dip” sign.

ECB Cuts Curiosity Charges Once more: How Did Bitcoin React? Whereas the US Federal Reserve continues to go away the native rates of interest unchanged in 2025, the European counterparty went in the wrong way. The ECB lowered the charges within the Eurozone to 2% – the bottom in over two years, and BTC jumped initially earlier than happening a notch.

Robinhood Cements Crypto Ambitions with $200M Bitstamp Takeover. Robinhood solidified its presence within the European crypto market by buying the world’s oldest nonetheless functioning digital asset alternate, Bitstamp. The deal, introduced earlier this week, was for $200 million.

Bitcoin Sees Intense Surge in Realized Income Following Ascent to $111K: Glassnode. With BTC falling additional away from its newest all-time excessive registered a few weeks in the past on Bitcoin Pizza Day, studies have emerged now claiming that essentially the most possible purpose behind that is that profit-taking has gone by way of the roof after the worth surge.

Technique Pronounces Proposed IPO of STRD Inventory to Purchase Extra Bitcoin. The world’s largest company holder of bitcoin, who made a comparatively modest acquisition this week, introduced IPO plans for two.5 million shares ($100 per inventory) to boost extra capital for additional BTC purchases. In a while, the corporate raised its goal from $250 million to $1 billion.