Crypto markets faced a volatile week, with Bitcoin hovering near critical technical levels amid geopolitical concerns that fueled selling pressure across major tokens. Despite the sluggish market, meme token Pepe stood out, outperforming larger cryptocurrencies and proving that meme-token markets often defy expectations.
Evernorth, a firm with a significant holding of 473 million XRP, announced plans to deploy its assets gradually through institutional lending and decentralized finance opportunities. CEO Asheesh Birla highlighted the company’s Nasdaq debut as a key milestone, emphasizing security, liquidity, and sustainable returns.
Galaxy Digital CEO Mike Novogratz warned that artificial intelligence could become the 'biggest bubble of our lifetime,' while expressing optimism about Bitcoin’s potential to reach $100,000 before year-end. Novogratz identified the $79,000 to $80,000 region as crucial, cautioning that a break below this level could weaken Bitcoin’s bullish momentum.
Milk Road analyst John Decoded noted that Bitcoin’s next move may hinge on the $83,500 level, suggesting that a move above this could open the door to the mid-$90,000s. Despite broader risk assets unwinding leverage, buyers defended the $81,000 level, preventing Bitcoin from falling below $80,000.
Pepe, the frog-themed meme token, climbed 13% over the past week, outperforming Bitcoin, Ethereum, and Dogecoin. The surge highlighted investor interest in meme tokens amid a lackluster performance from major cryptocurrencies.
A shareholder in Circle Internet Group Inc. sued President Donald Trump and World Liberty Financial, alleging illegal profiteering tied to over $2 billion in payments connected to a foreign government through the crypto platform co-founded by Trump’s sons.