With concerns about the US -Chinese trade wars, Bitcoin managed to get out of the multi -week downtown this week.
The total market ceiling in Crypto rose to $ 3 trillion again, the last time was seen in early March.
Feelings also turned into an angle, with a climbing of fear and greed index to 60, her first brush with “greed” since February.
Altcoins concluded the week at a height, with most of the main symbols that record gains from two numbers during the late Asian trading hours on Friday.
Why Bitcoin collects this week?
A group of total economic transformations and political developments helped to put the way to restore Bitcoin.
One of the main drivers was the weakness of the US dollar, which fell to its lowest level since March 2022.
This slide followed the new pressure on the federal reserve to reduce interest rates, after President Donald Trump criticized Federal Reserve Chairman Jerome Powell and hinted at his removal.
Political intervention raised concerns about the independence of the central bank and shook the investor’s confidence in the dollar.
This pushed the uncertainty of investors towards traditional safe havens such as gold, which have risen to new levels ever this week.
Bitcoin, which is often described as “digital gold”, has benefited from the same feelings, especially among younger investors who tend to prefer encryption over goods.
At the same time, there were signs of reducing tensions between the United States and China.
Treasury Secretary, Scott Payette, described the current tariff environment as “unclean” and hinted at the removal of escalation in the short term.
Trump also added that the customs tariff for Chinese goods “will decrease dramatically”, which raised the morale of the market and encouraged a renewed appetite for risk assets, including stocks and cryptocurrencies.
The improving expectations witnessed the return of institutional interest to the market.
Bitcoin’s investment funds, which have recorded heavy flows over the past few weeks, have made more than $ 2.6 billion of net flows by Thursday, which represents their strongest week since November 2024.
This sharp shift in the demand for bitcoin prices, which helps the assets out of the multi -prices, and restore momentum in the wider encryption market.
Will Bitcoin return to $ 100,000?
Bitcoin rose to the highest level in seven weeks from $ 95,000 this week. I followed this step, wearing a clean annual open at 93,500 dollars, which served as support within the day.
Since the short situations were wiped, the path started about $ 100,000, which looks more realistic, especially with the thinning of upward liquidity through the exchange orders books, according to Coinglass data.
Traders are now watching the main technical levels. According to the Crypto Trades analyst, BTC has regained a bull market support tape, a group of moving averages that have already turned into the resistance.
The analyst pointed out that the ongoing weekly closure over this area can indicate a continuation of the broader upward trend, which is likely to put the way for the highest new levels ever.
Alphs BTC analyst also kept a similar opinion about the level of support of $ 95,000. Unless BTC can recover 95 thousand dollars convincingly, Alphabtc expects the price procedures to remain pending between 93,000 dollars and $ 95,000 in the short term.
He said: “The best condition is BTC uniform and building a base before paying a liquidity above $ 100,000.”
Currently, the market appears to be a content that tests the ceiling while collecting the power for its next movement.
On the technical front, the Bull Scale Textbook added fuel to the bullish narration.
According to Merlijn merchants, this setting historically defined the beginning of sharp equivalent moves.
Bitcoin Bull Flag Breakout at the last time this happened? $ BTC Function went. this time? 150 thousand dollars on the radar. The missile is loaded. Do not miss the boot.
However, not everyone is convinced that the gathering has legs, at least not yet.
According to Market Cherator Squew, Bitcoin is currently arrested in tightening a war between a large seller and an aggressive negative buyer with the same extent.
Without supporting this purchase, warning that prices can decrease.
He pointed out that “in the end, one will throw in the towel,” adding that the fluctuations are likely to be followed as soon as the balance erupted.
Keith Alan, founder of material indicators, also urged caution.
And note that although the price of Bitcoin has risen up, the trading volume has decreased, which is often a red sign of sustainability.
In conjunction with the frequent wildlife at the bottom of the annual open and a new declining sign of one of its ownership tools, the preparation looks fragile.
Alan pointed out that the step of more than $ 95,000 can cancel the signal, but without a strong incentive, it is believed that such a hack is likely to be driven by a short cover instead of the original purchase pressure.
At the time of this report, Bitcoin was trading at $ 95124, an increase of 12.5 % this week.
Altcoins bounce again
Most of the most prominent alphawins in The Green was on Friday, as the total maximum market in the sector increased by 12.15 % to $ 1.2 trillion.
However, there was no shift in the Altcoin season index, which was fixed at 15, indicating that the market is still firmly in the Bitcoin region.
However, many of the best 99 ALTCOINS still managed to close the week with two numbers. It was the largest motor:
Trump official
Trump has gathered the official (Trump), the official Mimin, associated with US President Donald Trump, at 76 % during the past week and was trading at $ 13.6, at the time of writing this report.
The maximum market was set at $ 2.72 billion, although daily trading volume decreased by 66 % to $ 1.87 billion.
source: Coinmarketcap
The assembly came after Trump announced two exclusive events for Trump investors.
According to the official website of the modified currency, the 220 largest holders are invited to a special dinner with the president on May 22 at the National Golf Club near Washington, DC.
In addition to dinner, which is described as “the most exclusive invitation in the world”, the 25 best holders will receive an exclusive reception with Trump and a White House tour.
but
Over the past seven days, SUI gained 75 %, and exchanged hands at $ 3.73 while its market rose to 12 billion dollars.
As of the time of the press, the daily trading volume hovered more than $ 3.72 billion, an increase of 38 % over the previous day.
source: Coinmarketcap
It seems that the last prices of Sui are fueled by some of the main factors, as the largest of which was a famous partnership with Pokémon, the famous Japanese media privilege.
Rumors began after rumors were mentioned after Parasol Technologies, which is now owned by the Mother Sui Company, was mentioned in the Pokémon Home application, which hints to a potential blockchain connection.
Sui has also seen a rise in Memecoin’s activity on the Sui network, along with a new partnership to launch the virtual MasterCard with XMoney.
In addition, the total value of Sui Locked (TVL) jumped about 47 % last week, reaching $ 2.8 billion. This makes it the largest Blockchain by TVL, which provides it on Avalanche and Sonic.
The virtual protocol
The virtual (virtual) protocol has increased by 66 % during the past seven days, at a price of $ 0.93 per currency, while the market ceiling reached 611 million dollars at the time of writing this report.
source: Coinmarketcap
While no specific catalyst was determined, the Virtual’s Gathering came last week as the Crypto AI market witnessed a strong return, as the total value of the sector increased by 24 % and trading volume by 134 %.
Renewed interest David Sachs officially followed his seat as “AI and Crypto CZAR”.
As one of the main symbols of the AI, Al -Dhahiri rode this momentum, and the launch of the long accumulation stage, which is likely to cause a signal to a booch.
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