Bitcoin’s strong rally attempt on Thursday quickly lost momentum as renewed inflation concerns and aggressive selling pressure pushed the asset back below the $80,000 level by Friday.
The week delivered another wave of major developments across global markets and the crypto industry, including fresh US inflation data, regulatory progress surrounding the CLARITY Act, and ongoing geopolitical attention focused on the anticipated meeting between US President Donald Trump and China’s Xi Jinping.
Bitcoin started the week on a positive note, surging from below $80,500 to nearly $82,500 after a relatively calm weekend. However, the upward move was short lived as sellers rapidly regained control, dragging BTC below its opening weekly level within hours.
A second breakout attempt emerged on Tuesday, but bearish pressure intensified once again, preventing Bitcoin from reclaiming the $82,000 mark.
Inflation Data Sparks Market Weakness
Volatility accelerated on Wednesday following the release of April inflation figures in the United States. After reports showed CPI numbers reaching a three year high of 3.8%, Bitcoin reacted negatively and slid below $79,000.
The market experienced another sharp move on Thursday after the CLARITY Act successfully advanced through a Senate panel. The development was widely viewed as a positive step for the crypto sector because it could help establish clearer digital asset regulations in the United States.
Bitcoin was trading near $79,500 before the news broke but quickly rallied to around $82,000. Despite the bullish reaction, sellers returned once again and capped the upside momentum.
Although BTC managed to remain near the $82,000 level briefly, the market reversed sharply on Friday. Bitcoin dropped by more than $3,000 from its weekly high and is now struggling to hold above $79,000.
Bitcoin’s market capitalization has declined to approximately $1.58 trillion, while its dominance over the altcoin market remains above 58%.
Even with the recent pullback, BTC is still slightly positive on the weekly timeframe. However, several altcoins outperformed the leading cryptocurrency, including XRP, Dogecoin, Binance Coin, and SUI.
Weekly Crypto Market Snapshot
Bitcoin: $78,800 (+0.6%)
Ethereum: $2,210 (-1.38%)
XRP: $1.43 (+5%)
Major Crypto Stories From the Week
Several analysts argued that Bitcoin’s repeated drops below $80,000 were driven by more than normal market fluctuations. On chain analytics platform Easy On Chain highlighted three key underlying factors contributing to the weakness.
Market analyst Dr. Profit also warned that Bitcoin’s latest rally above $82,000 may have been unsustainable, predicting the possibility of a much deeper correction toward the $50,000 region.
Meanwhile, crypto entrepreneur Arthur Hayes maintained a long term bullish outlook for Bitcoin. Hayes predicted BTC could eventually rally toward $126,000 by October 2025, arguing that growing competition in the artificial intelligence sector may become a major catalyst for the next surge.
Institutional adoption also continued expanding as Charles Schwab officially launched its Schwab Crypto platform, giving selected retail clients access to Bitcoin and Ethereum investment products.
At the corporate level, Strategy resumed its Bitcoin accumulation strategy after a brief pause. The company recently acquired another 535 BTC worth approximately $43 million, bringing its total holdings to 818,869 BTC.
Meanwhile, investor Tom Lee reiterated his belief that the crypto market is entering a new “crypto spring” phase, despite BitMine slowing the pace of its Ethereum purchases.
Altcoin Charts in Focus
This week’s technical chart analysis covers Ethereum, XRP, Cardano, Binance Coin, and Hyperliquid as traders continue searching for the next major breakout opportunities.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
