Bitcoin (BTC) had a strong start to Friday, briefly reaching over $106,000, but fell by more than $4,000 as bears regained control. Most altcoins are slow, with SOL, ADA, XRP, and SUI in the red, while PEPE and DOT saw steady gains. BTC Drops Below $100K Bitcoin struggled this week after a market correction triggered by the launch of DeepSeek . It fell over $7,000 on Monday, dipping below $98,000. After a failed recovery attempt, BTC bounced back to the six-figure range on Tuesday. However, following the FOMC meeting on Wednesday, which revealed no change in interest rates, BTC dropped again, briefly falling to $101,500. It surged to $106,500 on Thursday, but by Friday evening, it had dropped back to $101,300 and remained under $102,000. Its market cap is also now below $2.020 trillion, with dominance at 55.6%. Altcoins Decline Solana (SOL), previously boosted by the TRUMP token hype , is down 8% over the week, now under $220. Other major altcoins like XRP, ADA, BNB, DOGE, TRX, and AVAX have also seen declines, while ETH, LINK, and TON saw small gains. Among the sea of red, PEPE and DOT jumped by 3-4%, respectively. Other altcoins which witnessed slight gains were OM, LEO, XMR, FTN, SUSDS, KCS, and JUP. The total crypto market cap is down $80 billion to $3.630 trillion. Other Markets New tariff threats by President Donald Trump are causing political turmoil at the Canada-U.S. border, with Canada and Mexico pushing back and China vowing retaliation. Meanwhile, despite a rocky week, the Magnificent Seven stocks remain strong, and U.S. hiring is expected to stay solid, though data revisions are a key focus. The tariffs are also targeting loopholes used by Chinese online retailers, while the U.S. aluminum industry urges an exemption for Canada. As Japan and the U.S. face currency pressure, Mexico struggles with rising inflation due to food and energy costs. Traffic is also expected to surge soon, which could push U.S. gas prices higher. Elsewhere, fund managers are eyeing Italian tax incentives, and UniCredit has purchased a small stake in Generali.
