Bitcoin closes week above $ 103k now US thinking about participation in war Iran

The Bitcoin course fell by approximately 2.5% during the week and showed weakness again in the short term, since investors had a new weekend of uncertainty.

While the conflict in the Middle East continued this week, President Trump announced that he is thinking about a decision to join Israel in the war against Iran. This decision stemmed from the wishes of both Israel and the United States to eliminate every chance that Iran would produce nuclear weapons. To destroy one of the last nuclear test facilities, Israel needs American bunker bombs to reach the underground nuclear power plant of Fordow.

Fed keeps interest stable

In the macro-economic news, the Federal Reserve voted to leave the interest this month unchanged at 4.25-4.5%. FED chairman Jerome Powell noted that the FED will remain dependent on the data, despite the fact that inflation is falling to almost the FED objective of 2.0%. The Dotplot of the Fed showed that they still expect two interest rate letings this year, whereby the first reduction will probably take place in September. On Friday, Fed-Gouverneur Christopher Waller noted that the Fed could choose to lower interest rates in July if inflation is falling further.

Bitcoin Koers must give up site

As far as Bitcoin is concerned, the world’s largest crypto currency closed the week under the important 50-day SMA and the 8, 13 and 21-day EMA. It is not the end of the world, but the weakness certainly indicates that the markets can take a breathing break here, since investors show risk-suffering behavior, probably until the conflict in the Middle East and the rate situation are clearer. This corresponds to the summer trade with a low volume, which is historically a weaker season for crypto currency.

The first support area for the Bitcoin Koers Is around $ 102,400, but if it doesn’t stay there, we look at a retest of the support around $ 101,000. There is not much under that, so Bulls will want this area to last. After that, the daily graph will try to re -test the earlier resistance, which now offers support around $ 97,000.

Altcoins is now pleading ETH the week with important support

It is a trend during this bullmarkt for cryptos: when Bitcoin drops, the bottom falls away for the rest of the Crypto Coersen. Most major Altcoins fell this week, while the risk -avoiding sentiment also spread in the crypto world. Bitcoin held up, which is logical considering his role as stable asset. Altcoins are seen as more risky assets and a Seel-Off is a clear sign of a risk-aging environment.

Ethereum lost an important area around $ 2,500, but the larger support area remained at $ 2,400. ETH fell by more than 5.0% since last Friday, after the net under $ 2,700 was rejected at the weekly height.

Solana followed the same pattern as ETH and dropped by almost 5.0% during the week, after it was just under $ 160. Sol closes on Friday, just like most crypto currency, under 8, 13 and 21-day EMAs, which indicates a short-term decrease for the currency.

The recent crypto Hyperliquid Also saw some profits this week. Hype has fallen by more than 17.0% in the last seven days and acts back around $ 34.00. Until now, the coin has supported the support above $ 33.00, which has served twice as an outbreak area in recent weeks.

Sui fell by 10%this week, but has Bitcoin Cash Takened and is now the twelfth largest crypto currency in terms of market capitalization, after hype. If sui continued to fall, the coin might test the former resistance around $ 2.06 again.

Coinbase and Circle leaders crypto shares after Genius Act approval

It was a milestone decision in the US Senate this week, when the Genius Act was adopted with the support of both parties. This opened the door for the bill to reach the House of Representatives and eventually the office of President Trump. The new law will regulate Stablecoins in the United States, which benefits several crypto companies, as is apparent from their stock market performance this week.

Coinbase shares (Nasdaq: COIN) This week increased by almost 30% and reached the $ 300 level on Friday. The share benefits because the return generates on stablecoins that are held on the platform and about 50% of the turnover of USDC generates. Coinbase is still below the highest price of the past 52 weeks, but market capitalization has risen to almost $ 80 billion.

Another share that benefited? USDC owner Circle (NYSE: CrCl) that the strong rally continued earlier this month after the IPO. In the past five trading days, the share of CRCL has risen by more than 120%. Since the IPO around $ 31, the share of CRCL has risen by more than 500%.

The shares of Strategy (Nasdaq: MSTR) Getting stuck in the mud, since the Bitcoin holding is confronted with short attacks by the famous investor Jim Chanos. The share fell by around 1.36%this week, because the money apparently flowed from strategy to Coinbase and Circle. As a clock, Strategy again bought a lot of Bitcoin this week, with which 10,100 BTC was added to the portfolio and with which the total stock came to more than 592,000 BTC.

Robinhood (NASDAQ: HOOD) This week increased by another 9.1% after a new strong rally and a huge increase in bullish options. Hood continues to feel a magnet for the highest price ever of $ 85.00, and is only $ 7.00 from that goal.

Most Bitcoin mining shares fell this week, with the weakness on the Bitcoin graph. Shares of CleanSpark (Nasdaq: CLSK) fell by 4.15%, Marathon Digital Holdings (Nasdaq: Mara) with 6.71%and Terawulf (Nasdaq: Wulf) with 9.88%. Iris Energy (Nasdaq: IREN) received some support from the retail sector this week and rose by almost 6.0%, while Core Scientific (Nasdaq: Corz) rose slightly by 0.42%.

The Ishares Bitcoin Trust (Nasdaq: Go) This week also lost his most important EMAs, but is looking for support in the 50-day SMA around $ 56.00. The Ishares Ethereum Trust (Nasdaq: Etha) Fell by more than 5.0% and is located in the same technical decrease as IBIT. On Friday, BlackRock owned 683.017 BTC and 1,677 million ETH for these funds.