OKB Defies Altcoin Meltdown as Bitcoin Dips to $112K Ahead of Powell’s Key Speech: Your Weekly Crypto Recap
While altcoins crumble, OKB stands firm—defying the market's brutal sell-off. Bitcoin isn't immune either, slipping back to $112K as traders brace for Jerome Powell's upcoming remarks.
Market Jitters Ahead of Powell
Investors hit pause, pulling liquidity ahead of the Fed chair’s speech. Uncertainty looms—will he hint at rate cuts or double down on hawkish rhetoric?
OKB’s Surprising Resilience
Amid the red, OKB holds its ground. No drastic plunge, no panic selling—just steady performance while others flail. A rare show of strength in a sea of weakness.
Bitcoin’s Brief Retreat
Even king crypto felt the pressure, dipping to $112K. Not a crash, but a reminder: nothing escapes macro fears. Not even digital gold.
Altcoins Get Hammered
From memecoins to mid-caps—blood in the streets. Traders flee risk, chasing safety. Or just cashing out before the next 'policy surprise'.
What’s Next?
All eyes on Powell. One dovish line could flip sentiment. One hawkish hint might deepen the pain. Typical Fed-worshipping market behavior—hanging on every word from the money printers.
Market Data
Market Cap: $3.870T | 24H Vol: $121B | BTC Dominance: 57.5%
BTC: $112,040 (-6%) | ETH: $4,220 (-9%) | XRP: $2.79 (-10.4%)
This Week’s Crypto Headlines You Can’t Miss
. One of the big news stories coming out this week involved the leading ETH-focused self-custodial wallet MetaMask, which entered the stablecoin game by introducing its own. Backed by Stripe, mUSD has already launched and operates on-chain through M0.
. Despite the shaky price performances of BTC and ETH, the biggest companies that have accumulated the assets kept buying this week. This included Strategy, which acquired an additional 430 BTC, and MetaPlanet, which scooped up 775 BTC.
. The company behind the third-largest cryptocurrency continues to expand its global reach by collaborating with SBI Holdings to distribute its own stablecoin through the latter’s subsidiary, SBI VC Trade.
. The celebrity meme coin world got a new entrée this week in the FORM of the hip-hop legend Kanye West (legally known as Ye). He launched his own cryptocurrency on Solana, called YZY, which soared to a $3 billion market cap before it plunged by almost 80% amid speculations of a rug pull.
. Unlike his predecessor, who used to claim that almost all cryptocurrencies must be considered securities, the current SEC Chair, Paul Atkins, said that most are actually not.
. The blockchain industry saw a significant milestone recently as solana briefly surpassed 100,000 transactions per second on its mainnet.
Charts
This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.
