Bitcoin (BTC) ended the week just below $105,000, having briefly approached the $110,000 mark, but faced downward pressure from escalating geopolitical tensions in the Middle East. 🌍💥
BTC Ends Topsy-Turvy Week Largely Unchanged
Having twice flirted with the $110,000 mark, bitcoin ( BTC) ultimately concluded the week largely unchanged, settling just below $105,000. Its upward trajectory was significantly curbed by a confluence of escalating geopolitical tensions in the Middle East, marked by direct exchanges between Israel and Iran, alongside “disappointing” Consumer Price Index (CPI) data. 🤦♂️
Latest data revealed that despite briefly soaring to a weekly high of $110,266 on June 10, BTC registered a modest 0.8% decline over the seven-day period, ending more than $5,000 below its mid-week peak. 📉
Like BTC, several other top 20 digital assets ended the week marginally lower, with XRP and Solana dropping 2.1% and 4.2%, respectively. Only hyperliquid (HYPE) and bitcoin cash (BCH) among the 20 leading digital assets ended the week in the green, rising 16.7% and 4%, respectively. 🌱
Although many of the top digital assets by market capitalization closed the week marginally lower, a few less liquid tokens registered double-digit gains. Aura topped the gainers after it surged more than 21,000% in just seven days, followed by the Useless Coin, which went up more than 570%. Kaia, which ranked No. 102 on Coingecko on June 14, was up 36%. 🚀
Meanwhile, the Central African Republic (CAR) token led the top losers of the week, dropping 59.4% to $0.03601. On June 6, the memecoin peaked at $0.095, an all-time high, after the country’s leader Faustin-Archange Touadéra announced plans to launch a platform enabling investors to purchase tokenized land concessions using the CAR token on Solana. 🏞️
However, the token regressed in the two days that followed, dropping to $0.0377 on June 9 before reversing some of the losses. On June 13, CAR, in tandem with the rest of the crypto market, dropped to a weekly low of $0.0287. At the time of writing (June 14, 1:30 p.m. EDT), CAR traded above $0.035. 📈📉
Other notable losers in the week included SUI, which dropped 11.4%; AVAX (8.7%) and ADA (6.2%). 😢
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2025-06-15 01:29