It was another busy week with major news stories across various areas. Key events included the meeting between US President Trump and China’s Xi Jinping, the latest inflation figures, and some movement forward on the CLARITY Act.
Bitcoin had a strong start to the week, jumping from just below $80,500 to around $82,500 after a calm weekend. Unfortunately, the price quickly fell back down, dropping below its initial level within a few hours.
Bitcoin attempted to rise on Tuesday, but sellers quickly pushed the price back down, preventing it from going above $82,000. The selling intensified on Wednesday after the release of US inflation data for April. When the report showed inflation at a three-year high of 3.8%, Bitcoin’s price dropped below $79,000.
The crypto market experienced further price swings on Thursday after a key Senate committee approved the CLARITY Act. This was seen as positive news for the industry, as it could bring more clarity to regulations. Before the news broke, Bitcoin was trading around $79,500, but it quickly jumped to $82,000.
Bears returned to the market, preventing any price increases. While Bitcoin briefly held near $82,000, it sharply dropped on Friday, falling over $3,000 from its peak and is now trading below $79,000.
Despite a drop in market value to $1.58 trillion, Bitcoin still controls over 58% of the cryptocurrency market. While Bitcoin has seen a small gain over the past week, several other cryptocurrencies – like BNB, DOGE, XRP, and SUI – have performed even better.
Market Data
Market Cap: $2.71T | 24H Vol: $118B | BTC Dominance: 58.2%
BTC: $78,800 (+0.6%) | ETH: $2,210 (-1.38%) | XRP: $1.43 (+5%)
This Week’s Crypto Headlines You Can’t Miss
Bitcoin recently fell below $80,000 a few times, and experts don’t think it was a coincidence. According to Easy On Chain, there were three specific factors that likely caused the price drop.
Is the recent increase in Bitcoin’s price genuine? One analyst, Dr. Profit, believes the rally past $82,000 isn’t likely to last and expects a significant price drop, potentially below $50,000. He’s been predicting declines for the past six months.
Arthur Hayes believes Bitcoin could reach $126,000 by October 2025. He predicts the growing competition in the field of Artificial Intelligence will be a major factor driving this price increase, remaining optimistic about Bitcoin’s future.
Charles Schwab, a major Wall Street firm, has begun offering Bitcoin and Ethereum to a limited number of its retail customers. The company’s new digital asset service, Schwab Crypto, launched last week, providing a regulated way for these investors to buy and sell BTC and ETH.
Michael Saylor’s company, Strategy, has started buying Bitcoin again after a brief pause. This time, they purchased 535 BTC for $43 million, bringing their total Bitcoin holdings to 818,869.
Despite BitMine reducing its Ethereum purchases, Tom Lee continues to believe the cryptocurrency market is about to recover, suggesting the worst of the downturn is over and a period of growth, or ‘crypto spring,’ is coming soon.
Charts
Check out our price analysis this week, covering Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid. You can find the full chart analysis here.
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2026-05-15 17:26