The past week in markets was marked by extreme volatility across crypto, major geopolitical tension, and a historic public offering that reshaped equity market records.
The week ended with one of the sharpest recent declines in Bitcoin, which briefly fell below 60,000 dollars for the first time since late 2024. This drop followed several days of sustained selling pressure that began when Bitcoin was trading above 73,000 dollars and steadily broke through multiple support levels.
Bulls eventually stepped in after the steep selloff, helping the asset recover back above the 60,000 dollar mark. Momentum continued into the weekend, with Bitcoin rising toward 62,000 and 63,000 dollars before briefly touching 64,000 dollars as markets reacted to hopes of a US–Iran peace agreement.
However, geopolitical developments quickly reversed sentiment. Renewed conflict escalated after reports of strikes involving Israel and Lebanon, alongside claims of Iranian retaliation and statements from US President Donald Trump regarding a downed US helicopter. Although tensions remained elevated, Trump later canceled planned US retaliation strikes, triggering a sharp intraday crypto bounce, with Bitcoin gaining roughly 1,500 dollars within minutes. He also suggested a peace deal could be announced soon.
That optimism faded again when Trump later disputed reports from Iranian media about the terms of a potential agreement, stating they did not match any written understanding and criticizing Iranian officials.
SpaceX IPO breaks records
Another major development was the debut of SpaceX on Wall Street, which became the largest IPO in history after overwhelming demand. The offering was heavily oversubscribed and set a new record for capital raised.
Although trading had not fully stabilized at the time of reporting, initial expectations placed opening prices around 135 dollars per share under the SPCX ticker, with strong investor demand driving heightened attention across global markets.
Crypto market snapshot
Despite volatility, Bitcoin is now trading around 64,000 dollars, roughly 5,000 dollars above last week’s multi month low. Several altcoins posted even stronger gains, including notable moves such as a 30 percent rise in ZEC and a 19 percent increase in XMR.
Total crypto market capitalization sits at about 2.28 trillion dollars, with daily trading volume near 80 billion dollars and Bitcoin dominance at 56.4 percent. Market prices include Bitcoin up 5.8 percent, Ethereum up 6.4 percent, and XRP up 4.6 percent over the period.
Key crypto headlines from the week
Several major developments shaped sentiment across the industry:
After backlash over a small Bitcoin sale by Strategy, Michael Saylor clarified that the company never promised it would never sell BTC if necessary. Strategy also resumed accumulation, purchasing 1,550 BTC worth about 100 million dollars.
Grayscale analysts suggested Bitcoin may be undervalued based on multiple on chain indicators, pointing to potential buying opportunities even if conditions are not yet as extreme as past bear market bottoms.
Mining sector stress also increased, with several metrics showing rising pressure on Bitcoin miners, though still below the levels seen in the 2018 and 2022 downturns.
On the regulatory front, Hungary is reportedly considering decriminalizing several forms of crypto trading following political changes, while Japan is moving toward regulating digital assets like equities, a shift that could pave the way for crypto exchange traded funds and potentially lower taxes for investors.
Meanwhile, investor Tim Draper argued that Bitcoin may be more resilient than traditional banking systems in the face of quantum computing risks, reversing common concerns that such technology could threaten crypto security.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
