Bitcoin Hits 10-Week Highs, Cryptocurrencies Have a New Star, Iran Reopens Strait: Weekly Summary

The last week (and more) belonged to a new cryptocurrency company – RaveDAO’s RAVE.

Although initial peace talks between Iran and the United States failed last weekend, there is renewed hope for a more permanent agreement in the works, making for another eventful week.

It is noteworthy that BTC also jumped last week after the announcement of a ceasefire by both sides and the expected peace talks that took place on Saturday. Their failure It resulted In an immediate correction to $70,500 by the end of the weekend, but new reports at the beginning of the current business week about more positive developments on this front sparked another rally.

In fact, it took just over 36 hours for Bitcoin to rise back towards $75,000, where it initially encountered some resistance but then broke above and My missile to just over $76,000 late Tuesday.

The Bears rallied after the impressive move, and… He led the cryptocurrency south To less than $73,600 yesterday in a sudden decline. However, that did not last long either, as Bitcoin jumped back to $75,600 just a few hours later after Trump announced a ceasefire between Israel and Lebanon. The asset continued to rise earlier in the day and broke to nearly $77,000 to hit its highest price in almost ten weeks.

The last major came just minutes after US President Donald Trump Announce Truth Social reported that Iran has reopened the Strait of Hormuz. As a result, the market value of Bitcoin has increased to more than $1.540 trillion. Its dominance in altcoins is also on the rise, increasing to over 57% as of press time.

Several large-cap altcoins are also in the green on a weekly scale, including ETH (6%), XRP (8%), and DOGE (6.5%). However, RaveDAO token RAVE has stolen the spotlight, rising 1,500% since last Friday. Moreover, it is rising by 7,000% per month.

In contrast, ZEC shares fell more than 12% within a week, followed by TAO, RAIN, and CC.

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Market data

Market capitalization: $2.680 trillion | 24-hour volume: $126 billion | Bitcoin dominance: 57.3%

Bitcoin: $76,800 (+4.8%) | Ethereum: $2,415 (+6.2%) | Ripple: $1.47 (+7.8%)

Cryptocurrency headlines of the week that you can’t miss

Arthur Hayes explains the fate of Bitcoin in four outcomes of the Iran war. The war with Iran seems closer to resolution now than it did 10 days ago, but it is still affecting cryptocurrency prices. Arthur Hayes placed Four scenarios for Bitcoin and how it will perform depending on the permanent outcomes of the conflict.

The strategy is spending $1 billion to accumulate approximately 14,000 bitcoins. strategy He came back to multi-billion dollar purchases by accumulating another 13,927 Bitcoin. The largest bitcoin holder now owns approximately 781,000 bitcoins.

BitMine owns over 4% of total ETH supply after latest purchase: details. The second largest cryptocurrency holder, BitMine Immersion Technologies, too more Its ETH holdings reach 4.875 million tokens. It now owns more than 4% of the total supply of Ethereum.

Deutsche Börse acquires a $200 million stake in Kraken. Heritage giant Bought A $200 million stake in one of the oldest cryptocurrency exchanges, Kraken. According to Bloomberg, this puts the valuation of Kraken’s parent company, Payward Inc, at $13.3 billion.

Bitcoin developers propose BIP-361 to freeze old, quantum-vulnerable addresses. Bitcoin developers continue to search for a solution to a problem that may take years to come suggestion New BIP-361 update to freeze old addresses that may be vulnerable to a quantum threat.

Bitcoin lags 40% behind ATH as S&P 500 hits new record. Although this report came a few days ago when the BTC price was a little lower, it is still as valid now as the S&P 500. It continues to record all-time highsWhile Bitcoin is struggling, more than 40% below its level since October of last year.

Charts

This week we have chart analysis for Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid. Click here for full price analysis.