Bitcoin Soars Past $105,000 Amid Macroeconomic Shifts
Bitcoin stunned markets this week by surging past $105,000, reaching levels not seen since late 2024. This rally coincides with renewed optimism in global markets following former U.S. President Donald Trump’s announcement of progress in U.S.-China trade negotiations. Analysts suggest the breakthrough could reduce economic uncertainty and drive capital into risk assets like cryptocurrencies.
The flagship cryptocurrency’s dominance rate – its share of total crypto market capitalization – has dipped to 45%, down from 52% in April. This decline historically signals impending altcoin rallies, as seen during similar conditions in Q4 2024. Technical indicators show Bitcoin could test $120,000-$130,000 by July if current momentum holds.
Ethereum Leads Altcoin Charge With 40% Weekly Gain
Ethereum has emerged as the altcoin leader, skyrocketing 40% in seven days to trade above $2,500. The surge comes ahead of Ethereum’s anticipated “Ultra Sound Money” upgrade, which promises enhanced scalability through advanced zero-knowledge proof integration. Network activity shows a 68% increase in daily active addresses compared to last month.
Other smart contract platforms are following Ethereum’s lead:
- Solana (SOL): +29% weekly, $58.2B TVL
- Sui (SUI): +41% weekly, $1.3B TVL
- Avalanche (AVAX): +22% weekly, $12.8B TVL
Qubetics Presale Emerges as Top Altcoin Opportunity
The Qubetics ($TICS) presale has become May’s most talked-about crypto event, raising $18.7 million in its first phase. This layer-1 blockchain introduces novel consensus mechanisms combining proof-of-stake with AI-driven validation. Early investors gain access to:
| Tier | Minimum Investment | Bonus |
|---|---|---|
| Silver | $1,000 | 15% $TICS |
| Gold | $5,000 | 25% $TICS |
| Platinum | $25,000 | 40% $TICS |
Binance Coin (BNB) continues dominating exchange tokens, with Binance Smart Chain processing 3.1 million daily transactions. Meanwhile, Dogecoin shows unusual stability at $0.17 despite typical volatility, with analysts watching for potential breakout patterns.
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The total crypto market cap now stands at $3.31 trillion, up 1.62% daily. With stablecoin dominance declining and institutional inflows hitting $890 million weekly, analysts predict sustained bullish momentum through Q2 2025. As Bitcoin ETF volumes reach record highs, the stage appears set for a summer of crypto market expansion.
