Crypto Week Ahead: Bitcoin Holds Above $104,000, Altcoins Surge As Market Cap Nears $3.5 Trillion
Crypto Week Ahead: Over the past seven days, Bitcoin (BTC) price achieved a high of $104,916.95.
Bitcoin’s explosive rally past $104,000 has set a bullish tone for the crypto market heading into the new week. Positive sentiment around US-China trade talks and strong institutional inflows have pushed BTC to its highest levels since January. Ethereum and several altcoins are riding the wave too, with Ether staying firm above $2,500 and tokens like Pi, DOGE, and BNB showing sharp gains. As Bitcoin’s dominance slips slightly, signs of an early altcoin season are emerging.
Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future.
This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls.
Crypto Prices Over The Past Week
Last Monday (May 5), the overall crypto market cap stood at $2.94 trillion. BTC price stood at around $94,100. ETH price stood at around $1,800.
A week later, the overall market cap dipped to $3.34 trillion.
Check Out Top Crypto Prices Today
Over the past seven days, Bitcoin achieved a high of $104,916.95 (on May 11) and a low of $93,438.15 (May 6).
Ethereum, on the other hand, saw a high of $2,583.41 (May 11) and a low of $1,769.36 (May 6).
Crypto Events To Note
Bitcoin surged past $104,000 amid optimism over US-China trade developments, holding above $100K for three straight days. With RSI above 70, analysts signal strong bullish momentum, though they warn of a possible short-term correction. On-chain data shows a spike in retail interest, with 350,000 new BTC wallets created in a single day.
Ethereum remains strong above $2,500, buoyed by rising whale activity and a nearly 40% weekly gain driven by the Pectra upgrade. Altcoins like DOGE, BNB, XRP, and Solana also posted gains, with Pi surging over 50%. The broader market shows signs of entering an altcoin season as Bitcoin's dominance wanes.
The total crypto market cap hit $3.49 trillion, its highest since February, though trading volume dipped slightly. Analysts attribute the rally to improving macroeconomic sentiment, institutional interest via ETFs, and renewed confidence in decentralised ecosystems.
What Crypto Traders Are Saying About Current Market Scenario
Alankar Saxena, CTO and co-founder, Mudrex, told ABP Live, “Bitcoin is holding steady around the $104,000 level, preserving its 10% weekly gains over the weekend. Strong inflows into spot Bitcoin ETFs, totalling $920 million, have added fuel to the rally, giving bulls strength to maintain higher ground. The bullish momentum is mirrored across the broader market, with Ethereum, Solana, and Dogecoin posting weekly gains above 40%. Looking ahead, the potential US-China trade deal could act as a catalyst. Any positive news could help buyers maintain pressure and avoid sharp rejections, leading BTC toward a new all-time high.”
Srinivas L, CEO, 9Point Capital, said, “Bitcoin (BTC) surged from $94K to over $103K this week, marking a 9% gain as it consolidates near multi-month highs. The rally was fueled by renewed risk appetite following a U.S.-U.K. trade agreement and optimism over upcoming U.S.-China talks. Institutional flows remain robust, with U.S. spot Bitcoin ETFs reaching a record $40.3 billion in cumulative inflows, led by BlackRock and Fidelity. Technical momentum has cooled slightly, but support at $94K remains firm. Bitcoin's 30-day correlation with the Nasdaq 100 has risen to 70%, highlighting its sensitivity to macroeconomic shifts.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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