Bitcoin Soars Beyond $95,000–Weekly Market Update

# Bitcoin Surges Past $95,000, Leading Digital Asset Market Rally Bitcoin(BTC), after weeks of sideways trading, has made a substantial upward move. This week, Bitcoin surged 12%, surpassing $95,000. The rally was driven by positive macroeconomic indicators and a shift in market sentiment, suggesting that tariff-related concerns may have reached their peak. According to data from CoinDesk on the 26th, the CoinDesk 20 Index—which covers approximately 80% of the crypto market’s capitalization—rose by over 10% in the past five days, with a notable increase in trading volume. As of 6 a.m. on the 26th, Bitcoin(BTC) was priced at $94,846, Ethereum(ETH) at $1,799, and XRP(XRP) at $2.19. In the last seven days, Ethereum rose by 12.82%, while Solana(SOL) increased by 13.81%. Bitcoin's dominance climbed to 64.47%. The total digital asset market capitalization hit $2.97 trillion, with daily trading volumes spiking 19.18% to $107.23 billion. # Institutional Investors Fuel Bitcoin's Rally In an interview with CoinDesk, John D’Agostino from Coinbase Institutional noted that the rally is significantly influenced by institutional investors and sovereign wealth funds accumulating Bitcoin. However, he mentioned a decrease in retail investor participation in Bitcoin ETFs, indicating a market shift. Institutional interest remains high. On Wednesday, Strike CEO Jack Mallers and Cantor Fitzgerald’s Brandon Routhnick announced a new Bitcoin investment firm called "Twenty One Capital." Supported by Tether, Bitfinex, and SoftBank, the company holds 42,000 BTC, making it the third-largest corporate Bitcoin treasury globally. # Bitcoin Holds Steady Amid Market Volatility Options market traders are showing confidence in Bitcoin despite broader market volatility. Omkar Godbole, a CoinDesk market analyst, emphasized that Bitcoin's relative stability during the sharp declines in stocks and bonds signifies strong market sentiment. This week, Bitcoin also achieved a historic milestone by surpassing Google in market capitalization, becoming the fifth most valuable financial asset globally. This is an impressive achievement for a protocol that began as a cypherpunk hobby project two decades ago. # Zora Token Launch Struggles Amid Investor Skepticism Not all is smooth in the crypto space. The Zora(ZORA) token launch, a highly anticipated event, fell short of expectations. Analysts attribute this to investor fatigue regarding low-liquidity “VC tokens.” Min Jung, a research analyst at Presto, stated to journalist Shaurya Malwa, “The $ZORA launch highlights the recurring web3 issue of overpromising and underdelivering.” # Web3 Ecosystem Expansion Gains Momentum Despite these challenges, the rise of significant digital assets has paved the way for broader Web3 innovation. For example, this week saw the announcement of a blockchain-based video game and Web3 ecosystem by the producers of the popular British drama “Peaky Blinders.” Compared to last year, there has been a surge in crypto news related to gaming and culture, indicating a resurgence in new project development. # Bitcoin and Stablecoins Emerge as Winners Amid current market dynamics, Bitcoin and stablecoins are clear winners. Circle announced a new global payment and remittance network, while Coinbase introduced a free conversion service between USDC and PayPal's stablecoin, PYUSD. Despite the challenges facing niche tokens and smaller projects, the sustained activity and growth in key digital assets like Bitcoin and stablecoins indicate a growing confidence in the market's long-term viability.