Top Performing Altcoins This Week Amid Bitcoin's Dip to $108K (Weekend Overview)
In the wake of a historic week that saw bitcoin surpass its January all-time high and set a new one, the digital asset has experienced a price correction following President Trump's tariff announcements on Friday.
The crypto market has demonstrated notable week-on-week growth, with HYPE leading the charge among altcoins, while SUI and XRP have seen the most significant retreat among the larger caps.
Bitcoin's journey to new heights began last Sunday evening, as the cryptocurrency broke free of its weekend tranquility, surging from $103,000 to nearly $107,000. Shortly after, it encountered immediate resistance and dipped on Monday. As the working week progressed, the bulls asserted full control over the market on Wednesday.
Following a minor pullback in the afternoon, bitcoin went on the offensive and exceeded $109,100, setting a new all-time high. The bears swiftly jumped in, driving bitcoin back down to $106,500, but this correction was brief. By Thursday morning, BTC resumed its ascent and skyrocketed to almost $112,000, marking a new all-time high on Pizza Day.
The market saw continued volatility on Friday when US President Trump recommended new tariffs against the EU. Consequently, bitcoin lost several thousand dollars almost immediately. Currently, bitcoin trades at around $108,000 after a relatively quiet weekend, still posting a 4% weekly gain.
The digital asset's market cap remains close to $2.150 trillion on CoinGecko, with its dominance over the altcoins above 61%.
The altcoins appear to be led by a new frontrunner: HYPE. Its price charted a new all-time high on Friday, even after a compromised Hyperliquid X account couldn't halt its momentum. HYPE has climbed by 30% week-on-week and emerged as the top performer.
AAVE follows closely with a 19% weekly increase, while XMR is third with a 17.7% such rise. PEPE and BCH are next to follow.
On the other hand, SUI has dropped by 5% since last Sunday, and XRP has slipped to $2.3 after a 2.8% weekly decline.
The total crypto market cap has shed around $30 billion since yesterday and is currently down to $3.5 trillion on CoinGecko.
This market analysis aims to keep you informed about price action in the dynamic crypto markets. Sign up for our free, daily email recap to stay updated on all the latest news:
Looking for exclusive offers? Here are some limited-time opportunities:- Register a new account using this link to receive a $600 welcome offer on Binance* (exclusive for our website readers).- Use this link to register and open a $500 free position on any coin at Bybit.
- Please note that this offer may only be available for a limited time and is subject to terms and conditions.
Stay connected with the latest developments in the world of cryptocurrencies through our social media channels:
- Telegram
- Despite setting a new all-time high, bitcoin experienced a price correction following President Trump's tariff announcements, pushing its trading price down to around $108,000.
- In contrast to the correction in bitcoin, the altcoin HYPE saw a notable week-on-week growth and charted a new all-time high, emerging as the top performer with a 30% increase.
- Investors can take advantage of exclusive offers in the crypto market, such as a $600 welcome offer on Binance for new account registrations through a specific link (exclusive for website readers), and a $500 free position on any coin at Bybit upon registration through another provided link.
){kind=link}