Crypto markets remained relatively calm over the weekend, particularly among large-cap cryptocurrencies. Most leading coins held steady or recorded slight upward movements, signaling a period of stability ahead of a potentially volatile week.
Bitcoin Battles to Hold $106K
Bitcoin briefly tested the $106,000 level but failed to maintain momentum, retracing slightly to trade around $105,500 at the time of writing. The asset is up about 0.2% in the last 24 hours, with similar gains on the weekly timeframe.
Despite the short-lived rally to $106,500, bulls were unable to keep the pressure high. The recent recovery followed sharp declines triggered by last week’s public spat between Donald Trump and Elon Musk. As the dust settles, Bitcoin appears to be consolidating — a trend mirrored by the overall market’s reduced volatility and liquidations, which totaled just $125 million in the past 24 hours.
Volatility Ahead: CPI, PPI, and Trade Talks
This period of relative calm may not last long. A wave of major economic data is set to hit the market this week, including the U.S. Consumer Price Index (CPI) on Wednesday — a key inflation indicator often tied to increased market volatility. The Producer Price Index (PPI) report is also expected later in the week. Additionally, U.S.-China trade discussions are resuming, which could also influence crypto market sentiment.
Altcoins Outperform as Momentum Builds
While top-tier cryptocurrencies are largely range-bound, a few altcoins are outperforming the market. Notably:
- Internet Computer (ICP) surged by 8.3%
- Fartcoin (FARTCOIN) and SPX69000 (SPX) — two trending meme coins — jumped by nearly 7% each
Although the broader market remains slightly in the red, the decline is modest, and selective altcoins are showing signs of renewed investor interest.
