Bitcoin Eyes $94K As Geopolitical Tensions Mount

TRUMP Soars

The week began with BTC jumping from $84K to over $87K, breaking out of its recent range. It climbed steadily, hitting $93K midweek, then nearly $96K by Friday. It now trades just under $95K, with a $1.88T market cap and a dominance dip to 61.2%.

Meanwhile, TRUMP spiked 20% after news that its top 220 holders will be invited to a private dinner with the U.S. President. The meme coin has doubled this week, now near $15.

Source: TradingView

Bitcoin SV led the week’s altcoin gains with a 31% jump, followed by WLD (+24%) and BONK (+22%). SHIB, PEPE, DOGE, and XLM also posted significant gains, while most large-cap alts remained quiet.

Other Markets

China is on pace to hit its 2024 GDP growth target of around 5%, even as global investors remain wary of Chinese stocks. Geopolitical tensions are mounting, with nearly $2 trillion in trade at risk as ports become strategic flashpoints.

Elsewhere, the U.S. economy showed weakness even before trade pressures, and investor Bill Ackman claims time favors the U.S. over China. President Trump is seeking major trade concessions, while Goldman Sachs faces an SEC probe over ESG funds.

The ECB is divided on policy and launching a task force to streamline banking rules. U.S. markets dipped after Trump threatened Fed Chair Powell. Meanwhile, NV5 draws takeover interest, Compass prepares earnings and sues over listings, and Prince Alwaleed eyes new ventures tied to Elon Musk.