The top crypto asset started the week above $105,000, then plunged to nearly $98,000 on Monday amid a wider rout spurred by the markets-rattling surprise launch of Chinese AI model DeepSeek. Then on Wednesday, Bitcoin surged again on bullish crypto banking comments from Federal Reserve Chair Jerome Powell, nearly touching $106,000 early Thursday.
But it wouldnāt last: On Friday, word of President Trumpās impending tariffs against Canada, Mexico, and China pushed Bitcoin and other assets back down, with BTC trading for a little over $101,000 as of this writing.
And price was only part of the story this week: There was also Tetherās announcement of USDT coming to Bitcoin, flip-flopping ETF flows, and pushback from Bitcoiners over Rippleās suspected attempts to broaden Trumpās proposed strategic reserve. Catch up on all of that in our weekend Bitcoin roundup.
This Week in Bitcoin: Trump Tariffs and DeepSeek Fuel Plunges, But Tether Is Coming
Bitcoin swung wildly thanks to DeepSeek fears, Fed hopes, and Trump tariffs, while Bitcoiners got mad at Ripple over U.S. reserve plans.
OpenAI Fights Back Against DeepSeek AI With Early o3-Mini LaunchāHere's How It Compares
The release of OpenAI's o3-mini comes as DeepSeek's ultra-efficient R1 model sparked a trillion-dollar tech selloff and reshaped the AI landscape.
Grayscale Debuts New Dogecoin TrustāAnd Files to Convert It Into ETF
Grayscale, known for its Bitcoin and Ethereum spot ETFs, has now launched a Dogecoin trustāand filed to convert it into a spot ETF.
MicroStrategy Is Raising $584 Million to Stack Even More Bitcoin
Software company MicroStrategy will issue new stockāSTRKāto raise funds so it can add to its $48 billion Bitcoin treasury stash.
After UFC's Instagram was hacked to promote a pump-and-dump Solana meme coin scam, the attackers got away with $1.4 million in profit.
š Watch and Learn
š¹ļø WATCH: This Meme Coin Saved Solana
After Sam Bankman-Friedās FTX collapsed in 2022, the future of Solana looked bleak. But from the fraud-fuelled ashes came a meme coin that saved the network. Bonk was created and airdropped to a ton of Solana developers as a way to bring back fun vibes to the network. In many ways, it worked.
šļø LEARN: How to Prepare for Berachain: The Novel Proof-of-Liquidity Blockchain
The highly anticipated launch of Berachainās proof-of-liquidity blockchain is coming soon. Hereās how you can prepare.
