Bitcoin Reaches New Highs, Ethereum Increases as Trump-Putin Meeting Overshadows: A Weekly Cryptocurrency Overview

Bitcoin recorded a historic high at $124,500 this week after a volatile period of fluctuating prices. Despite a subsequent correction bringing it down to below $119,000, market analysts expect more instability due to an upcoming meeting between Donald Trump and Vladimir Putin discussing a potential peace deal between Russia and Ukraine.

Ethereum also had a successful week, reaching over $4,700 - its highest level since 2021. However, it fell short of its all-time high of nearly $4,900. BNB, on the other hand, set a new record at $865. Other notable weekly gainers include SOL, HYPE, LINK, and ADA. The total market cap stands at $4.110T, with Bitcoin dominance at 57.5%.