BTC Hits 15-Week High, Ripple Expands Wall Street Push, SOL Reclaims $100: Weekly Crypto Recap

Bitcoin did one thing we hadn’t seen in over three months previously few days. But earlier than we get there, let’s take a fast take a look at what occurred final week and the way we arrived at this main bullish intersection.

Recall that BTC and the remainder of the market had been primarily stagnant for weeks (and months) till final Wednesday, when one announcement despatched all of them flying. Bitcoin soared from beneath $65,000 to nearly $80,000 that Friday. After gaining $15,000 in 48 hours, the asset was due for a correction, which befell over the weekend when it dipped to $75,500.

However, the bulls had been extra persistent. They returned firstly of the brand new enterprise week and helped bitcoin get better the losses. Moreover, they pushed it above $80,000 on Tuesday morning for the primary time since mid-May. Another leg down adopted that dragged the cryptocurrency to simply beneath $78,000 earlier than the panorama modified as soon as once more.

Bitcoin shortly reclaimed the coveted $80,000 degree and aimed increased. This time, it jumped previous $81,000 and touched $81,500 on most exchanges to mark a brand new 15-month peak. Nevertheless, sellers returned at this level, and the asset slipped to $78,500 minutes in the past after the hawkish speech by the brand new Fed Chair Kevin Warsh at Jackson Hole.

It has managed to rebound and at the moment sits above $79,000, posting a notable 2.5% weekly improve. However, many alts, comparable to SOL, ZEC, RAIN, XMR, PUMP, and AAVE, have marked large double-digit beneficial properties. Solana’s token surged previous $100 for the primary time since late January. In distinction, ADA, XLM, and BCH are down by as much as 5% weekly.

Market Data

Market Cap: $2.870T | 24H Vol: $93B | BTC Dominance: 57.5%

BTC: $79,380 (+2.5%) | ETH: $2,510 (+4.7%) | XRP: $1.42 (+0.01%)

This Week’s Crypto Headlines You Can’t Miss

Why Did Bitcoin Explode Past $81K? 4 Macro Factors Behind the Rally. As talked about above, BTC surged previous $81,000 on a few events previously week, although every try was halted. Some of the explanations behind this main rally come from exterior the trade and are extra macro-related, such because the US Treasury Department’s announcement, rising US debt, and a weakening greenback.

Ripple (XRP) Makes Major Wall Street Push With New Institutional Trading Business. The firm behind XRP introduced one other Wall Street transfer by launching a brand new institutional buying and selling enterprise with Ripple Prime. It will enable hedge funds, asset managers, and different institutional shoppers to execute Total Return Swaps throughout US-listed equities, indices, and cryptocurrencies.

Revolut Launches First Euro Stablecoin EURR: Here’s Where It’s Available. Revolut launched its first euro-denominated stablecoin to pick prospects in just a few European international locations, together with Denmark, Poland, and Portugal, with a broader EEA rollout deliberate. Issued by Bridge, the brand new asset known as EURR operates beneath the EU’s MiCA framework, redeemable at €1.00 per token.

Circle Puts USDC on the Front of Chelsea’s Shirts in Principal Partnership. In a significant partnership announced earlier at present, Circle mentioned it’s going to function USDC branding on Chelsea FC’s shirts beginning the 2026/2027 season. The deal contains branding on males’s, ladies’s, and Academy kits, with Chelsea reportedly aiming for over $60 million yearly.

Strategy Adds $1.9B to USD Reserve however Buys No Bitcoin as BTC Position Turns Green. The largest company holder of BTC continues rebuilding its USD reserve, adding in complete one other $1.9 billion previously week. At the identical time, Strategy has not made a single bitcoin buy for roughly two months, although its place turned green after the most recent rally.

Arthur Hayes Predicts More Dollar Liquidity that Could Push Bitcoin’s Rally Further. The BitMEX co-founder has turned bullish as soon as once more, indicating that BTC has entered a brand new bull market as liquidity injections from US Treasury Secretary Scott Bessent are anticipated to assist threat belongings. Meanwhile, one other well-liked market observer said BTC’s subsequent rally may ship ETH flying all the way in which as much as $20,000.

Charts

This week, we’ve a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

The submit BTC Hits 15-Week High, Ripple Expands Wall Street Push, SOL Reclaims $100: Weekly Crypto Recap appeared first on CryptoPotato.