Market Overview

The cryptocurrency market experienced modest movement this week, influenced by institutional portfolio rebalancing and continued developments around U.S. crypto regulation. The global crypto market capitalisation stands at approximately $3.29 trillion, reflecting a 0.2% increase over the last day.

Top Cryptocurrencies Performance

• Bitcoin (BTC): Trading at $105,584, up 1.17% over the past 24 hours.

• Ethereum (ETH): Currently at $2,507.89, an increase of 0.03%.

• Binance Coin (BNB): Priced at $657.19, up 0.67%.

• XRP: Trading at $2.17, a 0.93% increase.

• Cardano (ADA): At $0.676, up 1.08%.

• Solana (SOL): Priced at $155.31, a 1.24% increase.

• Dogecoin (DOGE): Trading at $0.1917, up 1.05%.

• Polkadot (DOT): At $4.00, a 0.74% decrease.

• Polygon (MATIC): Priced at $0.2156, up 1.06%.

• Litecoin (LTC): Trading at $89.25, a 2.98% increase.

Notable Events Impacting the Market

1. Bitcoin Sees Institutional Rebalancing
   BlackRock reportedly liquidated over 5,300 BTC (~$560M) last week. While initially seen as bearish, analysts view it as strategic profit-taking — not an exit.

2. Circle and Stablecoins in Focus
   USDC and other stablecoins now exceed $250B in market cap, with yield-bearing variants like USDe crossing $11B. This marks a shift toward more sophisticated on-chain financial products.

3. GENIUS Act Moves Ahead
   The bipartisan U.S. stablecoin legislation (GENIUS Act) advanced in the Senate, boosting optimism for regulatory clarity.

4. IG Group Expands Retail Access to Crypto
   The UK’s IG Group became the first publicly listed firm to offer direct retail crypto trading, signalling a deeper integration of digital assets into traditional finance.

5. Farage Promotes 'Crypto Revolution' in London
   At Bitcoin 2025, Nigel Farage pledged to make London a digital asset hub, with promises of crypto donation support and incentives for crypto companies.

Investor Sentiment

1. Bullish Momentum
   Major assets are holding key support levels, and the market appears stable amid global macro uncertainties.

2. Cautious Optimism
   Eyes are on upcoming U.S. labor and inflation data, as well as the Fed’s next policy decision — any of which could trigger the market’s next breakout (or breakdown).

Conclusion

This week’s developments reinforce crypto’s growing institutional maturity. With strategic rebalancing from major players, expanding access for retail investors, and regulatory frameworks taking shape, the market appears to be in a consolidation phase — waiting for a macro catalyst to set the next direction.

Investors should stay tuned for June’s economic data and policy moves, which could shift momentum decisively in either direction.

This Week in Crypto

1. Bitcoin Holds Firm Above $105K Ahead of U.S. Economic Data
   Bitcoin remained steady above the $105,000 mark as investors awaited key U.S. indicators like CPI and Fed commentary cointelegraph.com+6coindesk.com+6economictimes.indiatimes.com+6economictimes.indiatimes.com.

2. Circle’s IPO Rockets 170% on Debut
   Circle’s stock surged 170% on its IPO debut—and another 30% the next day—fueling renewed enthusiasm around stablecoins theweek.com+12barrons.com+12crypto.news+12.

3. Politicization Hits Bitcoin Conference
   The Bitcoin 2025 conference in Vegas saw heavy GOP presence, with insiders concerned about politics overshadowing crypto's grassroots ethos newsweek.com+6theverge.com+6businessinsider.com+6.

4. Bitcoin Slides Below $101K on Trump–Musk Fallout
   A backlash involving Trump and Elon Musk triggered a sharp sell-off, dragging BTC under $101K and knocking ETH down 6% coindesk.com+4alphanode.global+4timesofindia.indiatimes.com+4timesofindia.indiatimes.com.

5. Robinhood's Stock Soars After Bitstamp Acquisition
   Robinhood reached record highs after acquiring Bitstamp, expanding its crypto reach and doubling quarterly profits newsweek.com+15wsj.com+15cointelegraph.com+15.

6. U.S. Lobby Pushes for Clean Passage of Stablecoin Bill
   Crypto industry groups are urging Congress to keep the GENIUS Act free of unrelated amendments as it moves toward a Senate vote barrons.com+13fintechweekly.com+13alphanode.global+13.

7. Quantum Computing Risks Spark Worries for Bitcoin
   New concerns emerged over future quantum threats to Bitcoin’s cryptography, prompting early discussions on potential protocol updates cryptonews.com+2theweek.com+2thecryptobasic.com+2.

8. Foresight Ventures: GENIUS Act Could Send BTC to $150K
   A venture partner suggested that regulated stablecoin and Bitcoin reserve frameworks could skyrocket BTC to $150K this cycle ft.com+4cointelegraph.com+4linkedin.com+4.

9. XRP Price Surge—Experts Say the Rally Isn’t Over
   With XRP breaking key resistance and momentum building, analysts believe a breakout toward “double-figure” prices may come this summer economictimes.indiatimes.com+15thecryptobasic.com+15thecryptobasic.com+15thecryptobasic.com.

10. Fireblocks CEO: Crypto Has Reached ‘Point of No Return’
    Fireblocks CEO Michael Shaulov confirmed crypto’s irreversible mainstream adoption, citing infrastructure advances and regulatory evolution benzinga.com.

Meme of the Week