Bitcoin Stumbles From All-Time High Despite Bullish Reserve News: Market Rollercoaster Continues

Just when hodlers thought the rally wouldn’t quit, BTC takes a breather—proving once again that crypto moves faster than a Wall Street intern deleting incriminating Slack messages.

The pullback comes despite fresh institutional interest, with major players stacking sats like there’s no tomorrow. But hey, since when did fundamentals ever dictate crypto prices?

This week’s dip serves as a reminder: in the land of digital gold, even ATHs come with correction clauses. Traders buckle up—volatility isn’t going anywhere.

Market Data

Market Cap: $3.445T | 24H Vol: $142B | BTC Dominance: 60.9%

BTC: $105,630 (-2%) | ETH: $2,590 (-2.9%) | XRP: $2.18 (-4.3%)

This Week’s Crypto Headlines You Can’t Miss

. The new leadership at the US SEC continues to drop cases that the former started years ago, and the latest to benefit from the internal changes at the agency is Binance. The Commission has officially dismissed its lawsuit against the exchange giant.

One of the big news this week in the overall cryptocurrency/AI industry was related to a potential deal between Pavel Durov’s messaging giant and Elon Musk’s xAI. However, the latter said the deal has not been signed yet, and Durov confirmed. Later, reports emerged that Telegram had raised $1.7 billion for a debt swap.

CryptoPotato reported earlier this week that the world’s largest Bitcoin ETF – BlackRock’s IBIT – had registered a massive streak of 33 consecutive days of positive flows. Since then, the streak has only grown as IBIT continues to outperform all other BTC ETFs.

. The biggest Bitcoin-focused conference of the year also took place this week in Las Vegas, and arguably the most notable name to take the center stage was the current Vice President of the United States. In his speech, JD Vance highlighted BTC’s potential and said 100 million people will soon own portions of it.

. As the title of this Market Update says, new players on the BTC acquisition front emerged this week. After raising $1.5 billion almost two months ago, GameStop announced its first bitcoin purchase for over $500 million. The European football giant PSG also said it has been quietly accumulating BTC.

. Another entity jumping on the BTC bandwagon was Trump-linked TMGT. According to Donald Trump Jr, who also appeared at the conference, the media giant is “literally creating a Bitcoin treasury to the tune of $2.5 billion.”

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Hype, and solana – click here for the complete price analysis.