While Bitcoin continues to dominate the crypto landscape at $96,845, the king of digital assets has taken a beating from its January peak of $165,000. The 7.3% weekly decline has crypto enthusiasts biting their nails, though Bitcoin’s still outperforming its smaller, more volatile cousins in the altcoin space.
Bitcoin’s wild rollercoaster continues, plunging from $165,000 to $96,845, yet still outperforming its jittery altcoin siblings in the crypto circus.
The broader cryptocurrency market isn’t exactly having a party either. With the total market cap sitting at $3.2 trillion, down 1% in just 24 hours, and daily trading volume plummeting by 21.44% to $102.13 billion, some traders are getting nervous. Daily active addresses across major blockchain networks have reached an impressive milestone with over 18.5 million users participating in transactions. Fidelity’s research shows that 90% of institutions are now interested in cryptocurrency investments. Experts recommend using cold storage wallets for securing large, long-term cryptocurrency holdings.
But here’s the kicker – Bitcoin’s market dominance has surged past 60%. Talk about eating everyone else’s lunch.
Spot Bitcoin ETFs have been absolute rockets, pulling in over $35 billion in net inflows and showing up gold ETFs like they’re yesterday’s news. Bernstein’s analysts are betting big, predicting 7% of circulating Bitcoin will be locked up in ETFs by year’s end. Not too shabby for a digital asset that started as a crypto-anarchist’s dream.
The macro picture‘s getting interesting, with Trump’s tariffs stirring up inflation fears and Nvidia’s potential export restrictions to China adding some spice to the mix. Global interest rate cuts from 2024 helped push digital assets higher, but now the market’s playing a different tune.
Meanwhile, the crypto ecosystem keeps evolving. AI integration is becoming the hot topic of 2025, and DeFi’s explosive 120% growth in total value locked during 2024 has traditional finance types scratching their heads.
Stablecoins are making waves in cross-border payments, and tokenization is shaking up everything from real estate to art.
Despite the current wobble, Bernstein’s analysts are still calling for $200,000 Bitcoin by year-end.
But not everyone’s wearing rose-colored glasses – BitMEX’s co-founder is warning of a broader sell-off, and some traders are eyeing that $85,550 support level with concern.
Welcome to crypto in 2025 – same wild ride, different year.
