The crypto market moved through sharp swings this week. Bitcoin led the action once again. It pushed past $110,000 for the first time in weeks. It reached a weekly peak of $110,307. However, it could not hold that level. Traders locked in profits. Bitcoin closed the week with a narrow gain of 0.4%.
Market momentum picked up on July 3. That day, the U.S. House approved President Trump’s new economic package. Investors responded fast. They pushed risk assets higher. Crypto gained the most attention. Bitcoin surged just hours after the vote.
Crypto market rebounds despite uncertainty
Traders viewed the bill as inflationary, and many turned to digital assets as a hedge. This move followed a rocky period. Bitcoin dropped below $100,000 during the 12-day conflict between Israel and Iran. The sharp sell-off shook the market. But buyers returned just as fast.
They drove the recovery. Bitcoin bounced back strongly, showing resilience. Analysts now eye a new record high if buying continues. Other tokens also posted gains. HYPE, the native token of Hyperliquid, rose by 3.6%. Tron’s TRX followed closely with a 3.4% increase. Both outpaced the broader market.
These gains came despite low volume and uncertain global sentiment. Smaller coins moved in mixed directions. Some lost ground while others tracked Bitcoin’s bounce. The market stayed alert all week. Traders watched political events and inflation data.
Bitcoin holds strong amid volatility
Others held out for a bigger correction. But strong buying support kept major coins stable. Bitcoin was the strongest and led the market sentiment. Volatility was in focus again. Risk and reward were in view for investors. Neither direction has formed yet.
But the momentum was bullish at the end of the week. A breakout above $110,000 can start the next upsurge. Bulls then shoot for higher highs. Market participants will listen to global news, US policy news, and adoption in the tech industry. These things can spark the next dramatic move.
Bitcoin takes center stage for the time being. It gives a warning sign to all the digital markets. The next few weeks can determine the next page of this rally. In the long run, this implies Bitcoin can hit a fresh all-time high shortly. Investor interest and strong recovery indicate a bullish trajectory but future proceeds are based on global circumstances and market sentiment.
