Last week, the cryptocurrency market experienced significant volatility, particularly around Bitcoin, which climbed close to its all-time high of $73,000, fueled by ongoing anticipation around potential U.S. Bitcoin exchange-traded funds (ETFs). Bitcoin’s price movements had a ripple effect on the market, driving up its dominance to around 60%—a level not seen in three and a half years. Major altcoins like DOGE and SOL also saw notable price gains, with Dogecoin surging by about 15% mid-week as overall interest in major cryptocurrencies spiked.

Other developments included discussions around regulatory clarity and crypto-backed investment products, both of which continue to attract mainstream attention and investment. However, market sentiment remained cautious, with some volatility as investors awaited regulatory updates from the U.S. Securities and Exchange Commission on ETF approvals.