The Weekly Wrap
Crypto markets found some relief this week, with a bounce from Bitcoin helping lift sentiment across the broader market.
The total crypto market cap rose 1.55% over the past seven days to around US$2.25 trillion, while the Crypto Fear and Greed Index climbed to 20. Although still in extreme fear, the move higher suggests sentiment has improved slightly from last week’s deeply cautious levels.
ETF flows remained negative, but the pace of withdrawals eased. Bitcoin ETFs recorded US$315.84 million in outflows, while Ethereum ETFs saw US$14.91 million in net withdrawals, marking a much lighter week compared to the heavy outflows seen recently.
Bitcoin’s bounce from around US$60,000 helped steady the market and triggered a wider recovery across major crypto assets.
SPCX was also a standout mover, gaining around 20% over the past 24 hours following its strong launch.
Bitcoin vs Gold vs Nasdaq YTD
🟡 Gold: -0.29%
🔵 NASDAQ: +20.07%
🟠 Bitcoin: -24.19%
The gap between Bitcoin and traditional markets remains wide, although BTC has started to recover from its recent lows.
The Nasdaq is still the clear outperformer, now up 20.07% year to date. After a sharp pullback earlier in June, tech stocks have bounced strongly and pushed back toward new highs.
Gold has also stabilised, sitting almost flat for the year at -0.29%. After losing momentum through May and early June, the metal has recovered back toward neutral territory.
Bitcoin remains the weakest of the three, down 24.19% year to date. However, after falling sharply into June, BTC has bounced from its lows and is showing early signs of recovery.
For now, equities continue to lead, gold has steadied, and Bitcoin is trying to rebuild after a difficult first half of the year.
Source: Tradingview, BTC, GOLD, NASDAQ
Macro
Macro conditions gave markets some short-term relief this week, with the announced US-Iran agreement arriving at a crucial moment for risk assets.
The deal is expected to reopen the Strait of Hormuz and ease pressure on global energy markets. That helped cool oil prices, with WTI crude falling back toward the US$80 level and breaking below its recent range low.
For Bitcoin, the timing was important. BTC had already bounced from recent lows around US$60,000, and the improvement in macro sentiment helped spark a broader short-term recovery across crypto markets.
The key question now is whether oil’s move lower is a clean breakdown or a short-term fakeout. If the Strait of Hormuz remains open and energy markets continue to cool, it could help ease inflation concerns and support risk appetite. But if tensions return or the reopening process stalls, volatility could quickly come back into focus.
For now, markets have welcomed the de-escalation, but the next week will be important in confirming whether this macro relief has staying power.
BTC
Bitcoin bounced strongly this week after testing the US$60,000 range low.
As mentioned in last week’s report, this level was an important area to watch. BTC briefly pushed into that zone before rebounding around 13.77%, helped by improving macro sentiment following the US-Iran peace agreement.
Bitcoin is now trading around the US$66,000 level, showing its strongest short-term recovery since the recent breakdown. The move has helped lift broader market sentiment, but BTC is still trading below its former trendline and remains well under the recent range high near US$82,500.
One interesting signal this week came from the Bitcoin “Admiration” metric, which tracks positive language such as respect, praise and appreciation across market commentary. The metric moved from below normal to above normal, marking one of its largest weekly moves in recent history.
This suggests Bitcoin sentiment is not simply negative across the board. Traders may still be cautious on price, ETFs and macro conditions, but parts of the market are also becoming more vocal about what they continue to respect in Bitcoin’s long-term story.
In other words, criticism remains selective. The market may be frustrated with short-term price action, but that does not mean confidence in Bitcoin’s broader role has disappeared.
ETH
Ethereum followed a similar path to Bitcoin this week, sweeping below its recent range low before bouncing back into the range.
After falling toward the US$1,500 area, ETH recovered and is now trading around US$1,770. The move suggests some short-term liquidity was cleared below the previous lows before buyers stepped back in.
The key level to watch on the upside is around US$2,400. This area has acted as clear resistance multiple times over recent months, and ETH would likely need a strong move through this zone before the broader structure starts to look more constructive.
On the longer-term chart, ETH still has a major support zone around US$1,300 to US$1,400. This area has been important in previous cycles and could become a key level again if broader market weakness returns.
If Bitcoin rolls over and pushes lower, ETH could remain under pressure. In that scenario, the previous range low around US$880 becomes the deeper downside level to watch. While that would require a much larger sell-off, it remains a notable long-term level if the market fails to hold current support.
For now, ETH has reclaimed its short-term range, but the recovery still needs follow-through before confidence improves.
ALTCOINS
Decentralised Finance (DeFi): +2.36%
Real World Assets (RWA): +2.23%
Meme: -1.11%
Artificial Intelligence (AI): +7.23%
Gaming (GameFi): -0.54%
Altcoin sectors showed a stronger tone this week, with three of the five major categories finishing in the green.
Artificial Intelligence was the clear standout, rising 7.23% over the past seven days. TAO helped lead the move, gaining 26.14% as decentralised AI came back into focus following renewed concerns around centralised AI models and government restrictions.
DeFi also recovered, finishing the week up 2.36%. AERO was one of the strongest movers in the sector, climbing 26.43% and helping support the broader DeFi rebound.
Real World Assets also held firm, gaining 2.23%, while Gaming slipped slightly lower by 0.54%.
Meme coins remained under pressure, falling 1.11% across the sector. However, TRUMP was a notable standout after rallying 20.03% following the US-Iran peace agreement, showing that pockets of speculative interest are still active even while the broader meme category remains weaker.
Source: Coingecko categories
Story of the week:
Decentralised AI gets its moment.
Decentralised AI came back into focus this week after the US government reportedly ordered restrictions on global access to Anthropic’s advanced AI models, Mythos and Fable, citing national security concerns.
The move highlighted one of the biggest debates in AI right now: who controls access to the most powerful models, and what happens when that access is restricted?
That question has helped bring attention back to crypto-linked AI projects. Bittensor’s TAO was one of the standout movers, gaining 26.14% over the week as investors looked toward decentralised AI networks that aim to distribute model development, compute and incentives across a broader ecosystem.
The broader decentralised AI thesis is simple. As AI becomes more important to businesses, developers and consumers, reliance on a small number of centralised providers may become a growing risk. Crypto networks are trying to offer an alternative model, where access, rewards and infrastructure are coordinated on-chain.
TAO remains one of the clearest examples of this trend, while projects like VVV are also gaining attention by bringing private AI access and crypto-native payment rails into the market.
It is still early, but this week showed why decentralised AI is becoming one of crypto’s most closely watched narratives.
THIS WEEKS INSIGHTS
🚀 Can you buy SpaceX with crypto?
SpaceX has officially hit public markets! Through markets like SPCX-USDC on Hyperliquid, eligible traders can use USDC to access synthetic SpaceX price exposure around the clock. Platforms like Ondo Global Markets and Solana-based tokenised stock products are also showing how traditional assets are starting to move onto crypto rails.
The big takeaway? Finance is moving onchain. Tokenised assets, stablecoins and 24/7 markets are starting to blur the line between crypto and traditional investing.
Read more: https://www.cointree.com/news/can-i-buy-spacex-spcx-with-crypto/
