Last week marked one of the more volatile weeks for Bitcoin price in 2025, with the cryptocurrency trading between a wide range between $109,214 – $117,016.
The price action was defined as a mix of sell-offs and investor caution ahead of the release of key US economic data.
On Friday, the crypto market dropped over 4% to $3.84 trillion as the market sentiment gauged by the crypto fear and greed index remained neutral at 50, meaning positive momentum had waned.
Most altcoins gave up early-week gains, with the majority of the top 99 tokens posting losses between 2% and 20% as of late asian trading hours on Friday.
Although Bitcoin started the week on a high note, rallying to a 7-day peak of $117,016 after Jerome Powell’s speech hinted at a potential dovish pivot from the Federal Reserve, the optimism didn’t last long.
Powell’s remarks, though cautious, signaled that current inflation and labor data “may warrant adjusting” the Fed’s policy stance which the markets took as early signs of a policy shift.
Risk assets, including Bitcoin, surged in the immediate aftermath as the US dollar pulled back, briefly reigniting bullish momentum.
But as the week wore on, that rally began to unravel.
By mid-week, investor focus shifted sharply to Nvidia’s earnings and what they might reveal about broader economic strength.
Bitcoin found a brief pocket of stability, but it was fleeting. Bulls failed to defend the $112,000 level, and technical cracks began to show.
The broader sentiment soured once again as traders grew uneasy about the durability of the rally and looming macroeconomic pressures.
Come Friday, the market took a decisive turn lower. The favored inflation metric for the Fed, the core Personal Consumption Expenditures (PCE) index, came in hotter than expected.
July’s core PCE rose 0.3%, with the headline number up 0.2%, translating to annual increases of 2.9% and 2.6%, respectively, still stubbornly above the Fed’s 2% target.
That data effectively undercut the earlier dovish narrative, reviving fears that any policy pivot may not come as soon as hoped.
Bitcoin plunged below $110,000 for the first time in weeks, coinciding with a sharp spike in leveraged liquidations.
Over $529 million in positions were wiped in just 24 hours heading into Friday, which was up 102% from the previous day.
That means the market experienced a wave of forced selling as exchanges like Binance and OKX moved to protect their collateral from deteriorating trades.
Bullish long positions in Ethereum alone accounted for $190 million of those losses, while Bitcoin and Solana combined to add another $80 million.
At the same time, concerns began circulating that Bitcoin’s weekly chart was flashing a classic bearish reversal setup, with analysts pointing to a falling wedge pattern.
Some traders even warned that the crypto was teetering on the edge of slipping into a bear market phase, depending on how the coming week plays out.
Bitcoin may be headed for a deeper correction as price action turns increasingly fragile.
On Friday, the cryptocurrency confirmed a breakdown from a bear flag pattern on the four-hour chart, typically viewed as a continuation signal for downside momentum.
According to price analyst Sam Price, the $114,000 zone, previously a stronghold of support for six straight weeks, has now flipped into resistance.
“Bitcoin bulls are defending $109K support nicely,” Price noted on X, but stressed that “a weekly close above $114K would be big” to reassert bullish momentum.
That $114,000 level is also under the microscope for market analyst Rekt Capital, who echoed that failure to reclaim it as support could “prolong the pullback period.”
#BTC Bitcoin is finding support at $109k after the minimum Measured Move has taken place Really important BTC reclaims $114k (black) as support in the future Because otherwise, a rebound here could end up as a post-breakdown relief rally if $114k turns to resistance And
Others, however, have lowered their immediate expectations. MN Capital’s Michael van de Poppe flagged $112,000 as the next critical line in the sand.
“If Bitcoin can’t hold above $112K,” he cautioned, “we’ll probably face a very ugly correction across the board.”
By Friday’s session, Bitcoin had already slipped beneath that threshold, reinforcing the bearish outlook.
However, some optimism came from one pseudonymous market analyst who based his upside expectations on two bullish megaphone patterns that could push Bitcoin to highs around $140k over the coming weeks.
According to the analyst, Bitcoin had hit oversold levels for the first time since April.
At press time, Bitcoin was priced at $108,271, down over 6% in the past 7 days.
The combined market capitalization of all altcoins fell 6.8% over the past seven days to $1.63 trillion.
Despite this pullback, the Altcoin Season Index, a key measure for assessing the likelihood of an altcoin season, rose to 59, signaling that more of the top 100 altcoins have outperformed Bitcoin over the past three months.
Analysts note that a full-fledged altcoin season typically begins once the index surpasses 75.
This shift in market sentiment aligns with a decline in Bitcoin’s dominance since early July, while Ethereum (ETH) and other altcoins have steadily gained market share.
This week, the largest altcoin by market cap initially rose nearly 8.1% to $4,940, just $60 shy of surpassing the $5K threshold, before bearish forces took hold, driving the token down 6.7% to the $4,300 level by week’s end.
Other large-cap cryptocurrencies such as XRP (XRP), Dogecoin (DOGE), Tron (TRX), and Cardano (ADA) faced similar losses ranging between 6% and 9%.
Solana (SOL) stood out as an outlier with gains of 7.2%, as its price held above the $200 support level.
Cronos (CRO) and Pyth Network (PYTH) emerged as the top gainers among the top 100 altcoins, each posting strong gains of over 80%, most of which occurred later in the week.
Pump.fun (PUMP) followed with approximately 18% in weekly gains, also driven by project-specific catalysts toward the end of the week.
Source: CoinMarketCap
Cronos: The main catalyst driving CRO’s gains this week is Trump Media’s partnership with Crypto.com and others to establish a crypto treasury company focused on accumulating CRO.
The $6.42 billion deal includes plans for Trump Media to purchase around $105 million worth of CRO tokens, with broader funding allocating $1 billion in CRO.
The company also plans to integrate Cronos infrastructure into its platforms while enabling payments and rewards in CRO.
The token’s gains were also supported by the unveiling of Cronos’s 2025–2026 roadmap, which details plans to launch a comprehensive tokenization platform spanning multiple asset classes.
Beyond retail expansion, Cronos also aims to drive institutional demand by advancing efforts to develop and grow CRO-based ETFs across both US and European markets.
Pyth Network: PYTH price rallied this week after the project revealed that the US Department of Commerce had selected its network as one of the two official oracle partners responsible for verifying and publishing economic data directly on-chain.
Beyond the hype surrounding the high-profile partnership, renewed interest from whales and a decline in exchange balances also supported its gains this week.
Pump.fun: PUMP’s weekly gains were supported by an aggressive buyback campaign, with the meme coin launcher using nearly all of its weekly revenue (approximately $58 million) to buyback and burn around 4.3% of the total PUMP token supply.
Additionally, investors also gained interest as Pump.fun reaffirmed its dominance as the leading Solana-based meme coin launchpad, capturing over 80% of all launchpad activity and protocol revenue on Solana in August.
The post Bitcoin price below $110K stirs bear market fears as CRO and PYTH led weekly gains appeared first on Invezz
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Last week marked one of the more volatile weeks for Bitcoin price in 2025, with the cryptocurrency trading between a wide range between $109,214 – $117,016.
The price action was defined as a mix of sell-offs and investor caution ahead of the release of key US economic data.
On Friday, the crypto market dropped over 4% to $3.84 trillion as the market sentiment gauged by the crypto fear and greed index remained neutral at 50, meaning positive momentum had waned.
Most altcoins gave up early-week gains, with the majority of the top 99 tokens posting losses between 2% and 20% as of late asian trading hours on Friday.
Although Bitcoin started the week on a high note, rallying to a 7-day peak of $117,016 after Jerome Powell’s speech hinted at a potential dovish pivot from the Federal Reserve, the optimism didn’t last long.
Powell’s remarks, though cautious, signaled that current inflation and labor data “may warrant adjusting” the Fed’s policy stance which the markets took as early signs of a policy shift.
Risk assets, including Bitcoin, surged in the immediate aftermath as the US dollar pulled back, briefly reigniting bullish momentum.
But as the week wore on, that rally began to unravel.
By mid-week, investor focus shifted sharply to Nvidia’s earnings and what they might reveal about broader economic strength.
Bitcoin found a brief pocket of stability, but it was fleeting. Bulls failed to defend the $112,000 level, and technical cracks began to show.
The broader sentiment soured once again as traders grew uneasy about the durability of the rally and looming macroeconomic pressures.
Come Friday, the market took a decisive turn lower. The favored inflation metric for the Fed, the core Personal Consumption Expenditures (PCE) index, came in hotter than expected.
July’s core PCE rose 0.3%, with the headline number up 0.2%, translating to annual increases of 2.9% and 2.6%, respectively, still stubbornly above the Fed’s 2% target.
That data effectively undercut the earlier dovish narrative, reviving fears that any policy pivot may not come as soon as hoped.
Bitcoin plunged below $110,000 for the first time in weeks, coinciding with a sharp spike in leveraged liquidations.
Over $529 million in positions were wiped in just 24 hours heading into Friday, which was up 102% from the previous day.
That means the market experienced a wave of forced selling as exchanges like Binance and OKX moved to protect their collateral from deteriorating trades.
Bullish long positions in Ethereum alone accounted for $190 million of those losses, while Bitcoin and Solana combined to add another $80 million.
At the same time, concerns began circulating that Bitcoin’s weekly chart was flashing a classic bearish reversal setup, with analysts pointing to a falling wedge pattern.
Some traders even warned that the crypto was teetering on the edge of slipping into a bear market phase, depending on how the coming week plays out.
Bitcoin may be headed for a deeper correction as price action turns increasingly fragile.
On Friday, the cryptocurrency confirmed a breakdown from a bear flag pattern on the four-hour chart, typically viewed as a continuation signal for downside momentum.
According to price analyst Sam Price, the $114,000 zone, previously a stronghold of support for six straight weeks, has now flipped into resistance.
“Bitcoin bulls are defending $109K support nicely,” Price noted on X, but stressed that “a weekly close above $114K would be big” to reassert bullish momentum.
That $114,000 level is also under the microscope for market analyst Rekt Capital, who echoed that failure to reclaim it as support could “prolong the pullback period.”
#BTC Bitcoin is finding support at $109k after the minimum Measured Move has taken place Really important BTC reclaims $114k (black) as support in the future Because otherwise, a rebound here could end up as a post-breakdown relief rally if $114k turns to resistance And
Others, however, have lowered their immediate expectations. MN Capital’s Michael van de Poppe flagged $112,000 as the next critical line in the sand.
“If Bitcoin can’t hold above $112K,” he cautioned, “we’ll probably face a very ugly correction across the board.”
By Friday’s session, Bitcoin had already slipped beneath that threshold, reinforcing the bearish outlook.
However, some optimism came from one pseudonymous market analyst who based his upside expectations on two bullish megaphone patterns that could push Bitcoin to highs around $140k over the coming weeks.
According to the analyst, Bitcoin had hit oversold levels for the first time since April.
At press time, Bitcoin was priced at $108,271, down over 6% in the past 7 days.
The combined market capitalization of all altcoins fell 6.8% over the past seven days to $1.63 trillion.
Despite this pullback, the Altcoin Season Index, a key measure for assessing the likelihood of an altcoin season, rose to 59, signaling that more of the top 100 altcoins have outperformed Bitcoin over the past three months.
Analysts note that a full-fledged altcoin season typically begins once the index surpasses 75.
This shift in market sentiment aligns with a decline in Bitcoin’s dominance since early July, while Ethereum (ETH) and other altcoins have steadily gained market share.
This week, the largest altcoin by market cap initially rose nearly 8.1% to $4,940, just $60 shy of surpassing the $5K threshold, before bearish forces took hold, driving the token down 6.7% to the $4,300 level by week’s end.
Other large-cap cryptocurrencies such as XRP (XRP), Dogecoin (DOGE), Tron (TRX), and Cardano (ADA) faced similar losses ranging between 6% and 9%.
Solana (SOL) stood out as an outlier with gains of 7.2%, as its price held above the $200 support level.
Cronos (CRO) and Pyth Network (PYTH) emerged as the top gainers among the top 100 altcoins, each posting strong gains of over 80%, most of which occurred later in the week.
Pump.fun (PUMP) followed with approximately 18% in weekly gains, also driven by project-specific catalysts toward the end of the week.
Source: CoinMarketCap
Cronos: The main catalyst driving CRO’s gains this week is Trump Media’s partnership with Crypto.com and others to establish a crypto treasury company focused on accumulating CRO.
The $6.42 billion deal includes plans for Trump Media to purchase around $105 million worth of CRO tokens, with broader funding allocating $1 billion in CRO.
The company also plans to integrate Cronos infrastructure into its platforms while enabling payments and rewards in CRO.
The token’s gains were also supported by the unveiling of Cronos’s 2025–2026 roadmap, which details plans to launch a comprehensive tokenization platform spanning multiple asset classes.
Beyond retail expansion, Cronos also aims to drive institutional demand by advancing efforts to develop and grow CRO-based ETFs across both US and European markets.
Pyth Network: PYTH price rallied this week after the project revealed that the US Department of Commerce had selected its network as one of the two official oracle partners responsible for verifying and publishing economic data directly on-chain.
Beyond the hype surrounding the high-profile partnership, renewed interest from whales and a decline in exchange balances also supported its gains this week.
Pump.fun: PUMP’s weekly gains were supported by an aggressive buyback campaign, with the meme coin launcher using nearly all of its weekly revenue (approximately $58 million) to buyback and burn around 4.3% of the total PUMP token supply.
Additionally, investors also gained interest as Pump.fun reaffirmed its dominance as the leading Solana-based meme coin launchpad, capturing over 80% of all launchpad activity and protocol revenue on Solana in August.
The post Bitcoin price below $110K stirs bear market fears as CRO and PYTH led weekly gains appeared first on Invezz
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