Bitcoin recovered from $59K to $62K on renewed spot ETF inflows; altcoins also rallied amid major headlines including Trump's BTC disclosure and a $200M lawsuit against Binance.
Macro & Markets ·
Bitcoin bounced from below $59,000 to around $62,000 during the week, driven by renewed inflows into spot Bitcoin ETFs. The recovery extended across altcoins, with Ethereum and Solana posting significant gains that lifted the broader crypto market cap higher.
The move coincided with several notable developments in the sector. Donald Trump's Bitcoin holdings came to light, and Standard Chartered announced direct stablecoin services. A lawsuit against Binance by UK investors seeking $200 million in damages also circulated.
The recovery represents a rebound from the week's earlier weakness but leaves open how sustained the inflow momentum remains and whether the broader risk-on sentiment will persist into the following period.