📈 Bitcoin's Resilience Amid Market Volatility
📉 Bitcoin concluded the week with a 5% increase, despite experiencing market fluctuations triggered by U.S. President Donald Trump’s tariff threats against the European Union (EU). The cryptocurrency started the week trading just below $103,000 and briefly rose to around $112,000, marking a nearly 9% gain. However, a surprise post from Trump on Truth Social led to a sell-off, causing Bitcoin to drop to $107,217 before recovering to over $108,000 later.
🔮 Despite this temporary setback, Bitcoin advocates like Real Vision founder Raoul Pal remain optimistic about its future. In a recent video, Pal pointed out that global money supply metrics indicate that Bitcoin could peak at over $140,000 by July, representing an almost 30% increase in less than six weeks.
📊 Other cryptocurrencies also showed positive performance. WLD token experienced a significant surge, rising nearly 50% to $1.60 before settling at $1.45. This spike followed the announcement of a $135 million purchase of WLD tokens by venture capitalists Andreessen Horowitz and Bain Capital Crypto, aimed at supporting the expansion of Sam Altman’s World Assets into the U.S.
🚀 Among the top 20 digital assets by market capitalization, Hyperliquid’s HYPE emerged as the top gainer of the week. After starting the week around $27, HYPE initiated a mini rally on May 21 and peaked just below $37 within 48 hours. This rally was reportedly linked to a surge in crypto deposits in Hyperliquid’s newly launched blockchain.
📉 In contrast, SUI was the biggest loser among the top 20 digital assets, dropping 3.7% to $3.65. BCH and DOGE also performed well, with gains of 8.4% and 5.7% respectively over the past week.
