BTC & ETH - Full Steam Ahead
Weekly Recap: BTC breaks out, Phantom launches perps, and Truth Social considers a token.
Bitcoin just broke above its multi-month trading range and a 7-year trendline first established in December 2017. This development electrified holders with new all-time highs of $118k and sparked industry-wide optimism that fueled outsized gains across many top altcoins.
Volatility remains a hallmark of crypto markets, and while weekly gains were muted for traditional stock indexes like the broad-market S&P 500 and tech-heavy Nasdaq 100, they too achieved slightly higher new all-time highs, eliciting a bull post from the official White House X account in the process.
Although escalating U.S. trade war concerns seemingly hampered the stock market’s performance throughout the week, market participants continually shrugged off the headlines as they scrambled to buy every dip.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
