Bitcoin (BTC) recorded its strongest weekly performance in over five months, appreciating by 11% and reaching approximately USD 95,000. This surge was driven primarily by significant inflows into exchange-traded funds (ETFs), despite ongoing macroeconomic uncertainty.
The cryptocurrency’s performance outpaced traditional assets such as the S&P 500 (+4.5%), Nasdaq (+6.7%), and even gold, which declined by 1%. Meanwhile, the US dollar continued its weakening trend, further improving the environment for alternative assets like digital currencies.
Spot Bitcoin ETFs listed in the United States saw net inflows exceeding USD 3 billion — the highest weekly volume since November. As a result, both institutional and retail investor appetite has intensified, pushing the total value of assets held in these funds to nearly USD 110 billion.
A partial easing of trade tensions between the United States and China has also contributed to the positive market sentiment. However, the absence of strong macroeconomic catalysts has limited further gains for digital assets.
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• Bitcoin (BTC), after a 11.20% weekly gain, may face slight consolidation but still holds bullish sentiment due to strong ETF inflows. If the macro environment remains neutral, BTC could test the USD 96,500–98,000 range.
• Ethereum (ETH) is showing steady strength with a 12.75% gain. It may continue to outperform if BTC stabilizes, targeting USD 1,850–1,900.
• Dogecoin (DOGE) and Cardano (ADA), despite minor recent pullbacks, recorded notable weekly gains. Their high beta nature means they could rebound sharply if BTC holds its ground — watch for DOGE near USD 0.19–0.20 and ADA attempting to recover towards USD 0.74–0.76.
• Solana (SOL) had a mixed week, down 2.24% recently but up 8.09% over the week. It may consolidate around USD 148–152, with upside potential if risk appetite returns.
• TRON (TRX) has shown relative strength, up 4.37% weekly. It may attempt to test USD 0.26–0.27.