Bitcoin spent the week on a rollercoaster. The asset dropped under $62,000 after Middle East attacks rattled markets, then rebounded to $65,500 when CPI data showed inflation cooled to 3.5%. But the relief didn't last — by Friday it was back down to $62,400 before bouncing to $64,400. As of this writing, it's fighting to hold $64,000.
The week's whipsaw
The moves came in three distinct waves. First, the geopolitical shock: reports of attacks in the Middle East sent Bitcoin sliding below $62,000, a level it hadn't touched in weeks. Then came the CPI print on Wednesday. Inflation at 3.5% — lower than many expected — sparked a sharp rally that pushed the price back above $65,500. But the momentum faded fast. By Friday, selling pressure returned, dragging Bitcoin to $62,400 before a late bounce to $64,400.
Bitcoin's market cap remains above $1.28 trillion, and its dominance over altcoins sits at 56.5%. The total crypto market cap added about $30 billion in a single day, now standing above $2.27 trillion.
Altcoin movers: CRO, ADA, PI
Most large-cap altcoins are slightly in the green. Ethereum, XRP, Solana, HYPE, DOGE, Zcash, and Stellar all posted modest gains. BNB, TRX, and RAIN saw insignificant losses.
Cardano stood out, up over 4.5% and trading above $0.165. CRO continued its recent rise — up more than 5% — after the $400 million investment in the exchange behind it. Pi Network's PI rebounded sharply from the $0.07 support level, gaining 8% in a day to trade above $0.08. That comes after the token hit all-time lows recently.
The $64,000 level is the immediate battleground. If it holds, the next test is the $65,500 resistance from midweek. If it breaks, $62,000 could come back into play. Traders are watching for any fresh geopolitical headlines or economic data that could tip the balance. No major catalysts are on the calendar for the next few days, but the market's recent volatility shows how quickly sentiment can shift.
