The U.S. stock market closed the week on a positive note after several days of wild swings. Major indexes moved higher on Friday, giving investors some relief after a volatile stretch driven by economic data and policy talk.
While traditional markets turned green, the crypto world focused on politics particularly Donald Trump’s new crypto-friendly moves, which have sparked fresh debate across the industry.
Market Overview
Stocks:
Wall Street ended the week higher, helped by strong earnings and cooling inflation signals. Investors seem more comfortable with the idea that the Federal Reserve may start cutting rates soon a scenario that usually supports risk assets like crypto.
Crypto:
Bitcoin, however, didn’t follow stocks higher this week. It’s been hovering in a narrow range, trading just under the $111,000 mark. Traders are cautious, with many waiting for a stronger signal before taking new positions.
Ethereum and other major altcoins are showing similar patterns steady, but without clear momentum. The market feels like it’s in “pause mode,” watching what happens next in both global policy and U.S. politics.
Trump’s Pro-Crypto Momentum
The big story today is political. Donald Trump’s recent statements and policy hints have reignited interest in crypto regulation and adoption. His administration’s latest move nominating Michael Selig to lead the Commodity Futures Trading Commission (CFTC) is being viewed as a pro-crypto gesture.
Selig is known for his work on digital asset regulation and is considered open to innovation in the crypto space. His potential appointment could mark a shift toward clearer, more supportive oversight — something the industry has been calling for.
At the same time, the Trump team is reportedly exploring the idea of creating a strategic U.S. crypto reserve, which would treat digital assets as part of the country’s financial infrastructure. While still early-stage, that idea has grabbed the market’s attention.
Bitcoin’s Position
Despite the headlines, Bitcoin hasn’t reacted strongly. The price continues to trade sideways, reflecting a mix of optimism and hesitation.
Analysts suggest that while Trump’s policies could be long-term positives, short-term price movement is being limited by broader macro factors such as bond yields, interest rates, and overall liquidity.
What to Watch Next
Regulatory clarity: If the Trump administration continues pushing for structured crypto regulation, it could boost long-term confidence in the market.
Federal Reserve policy: Any new signals about interest rate cuts or changes in liquidity could move both stocks and crypto.
Bitcoin’s breakout level: A clean move above $112,000 could open the door to renewed momentum; failure to hold above $110,000 might bring short-term weakness.
Bottom Line
The week ends with mixed signals optimism in stocks, caution in crypto, and a growing political spotlight on digital assets.
For now, Bitcoin remains steady but watchful, Ethereum stays in consolidation, and the broader market is waiting for its next clear catalyst.
If Trump’s pro-crypto stance continues to gain traction, it could become one of the most important narratives shaping the next leg of the crypto market.