Bitcoin’s Rollercoaster: Tariffs, Triumphs, and Tasty Pizzas! 🍕💰

Ah, the sweet, sweet symphony of Bitcoin! After a languorous four-month waltz of anticipation, punctuated by price crashes that would make a seasoned acrobat weep, our dear Bitcoin finally pirouetted past its January all-time high of approximately $109,100. Bravo! 🎉

But let us not be deceived by the glittering facade of success; the journey was anything but smooth. In the past week, BTC flirted with the $107,000 resistance like a shy suitor, only to be unceremoniously shoved southward on Monday and Tuesday. Ouch! Talk about a dramatic fall from grace!

Yet, the bulls, those relentless creatures of the market, rallied with the fervor of a thousand caffeinated cheerleaders. They pushed the cryptocurrency northward, and on Wednesday, the former peak crumbled like a stale cookie. After a brief morning hiccup, BTC launched itself into the afternoon sun, soaring above the previous record, teasing the $110,000 mark before being yanked back down by a few grand. Classic! 😅

But fear not, for this was merely a fleeting pullback! The bulls returned, charging past $110,000 and reaching a new all-time high of $112,000 (on Bitstamp) just yesterday—on the illustrious Bitcoin Pizza Day, no less! 🍕

However, the cryptocurrency soon lost some of its steam, settling around $111,000. Then, like a plot twist in a bad soap opera, came President Trump’s renewed tariff threats. A 50% tax on all EU countries? Oh, the drama! The market reacted with a swift $3,500 slump, but BTC managed to regain some ground, now hovering near $109,000. Weekly gains? A respectable 5%, outshining ETH, XRP, BNB, SOL, DOGE, and their ilk. Take that, altcoins!

Speaking of altcoins, a new star has emerged: HYPE! This cheeky little number skyrocketed to a new all-time high earlier today, boasting a gain of over 30% since last week. HYPE, indeed! 🎈

Market Data

Market Cap: $3.551T | 24H Vol: $170B | BTC Dominance: 60.9%

BTC: $108,800 (+5%) | ETH: $2,560 (-1.3%) | XRP: $2.35 (-2.6%)

This Week’s Crypto Headlines You Can’t Miss

Major US Banks Mulling Joint Stablecoin Venture: Report. The titans of finance—JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America—are reportedly huddling together to discuss a joint stablecoin. Because why not complicate things further?

Bitcoin Rally Is Still Healthy Despite New ATH: On-Chain Data. Despite the soaring heights of BTC, on-chain metrics suggest this rally is healthier than a kale smoothie. Who knew?

Is BlackRock’s Spot Bitcoin ETF IBIT Becoming Too Big to Ignore? The behemoth BTC ETF is gobbling up its competition, raising eyebrows about potential centralization issues. Because decentralization is so last season!

Profit-Taking Pushes Ethereum (ETH) Into Overheated State Near Key Resistance. ETH is cooling off after its mid-month rally, but don’t worry, it’s still flirting with a key resistance of around $2,700. Profit-taking? More like profit-dining!

CME’s XRP Futures Are Live: A Comparison with BTC, ETH Debuts. While the SEC plays hard to get, XRP is making waves in the futures market. Check out how it stacks up against BTC and ETH!

Donald Trump to Dine With His Meme Coin Holders Today – Here’s What to Expect. The POTUS is back in the crypto news, dining with the top holders of his meme coin, Official Trump (TRUMP). Expect controversy, protests, and perhaps a side of fries!

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Hype, and Solana – click here for the complete price analysis.

2025-05-23 17:08

Market Data

This Week’s Crypto Headlines You Can’t Miss

Charts

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