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The world of cryptocurrencies saw a week full of ups and downs, with global events weighing heavily on investor sentiment. Despite uncertainty in traditional financial markets and political instability, some crypto assets managed to hold their ground — and even rise — suggesting that confidence in the sector remains strong.
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Let’s dive into what shaped the markets this week and how major cryptocurrencies performed.
📊 Weekly Performance Snapshot: Winners and Losers
The performance of the largest cryptocurrencies by market capitalization was mixed between June 2 and June 7, 2024 (in EUR terms). Here's how some of the most watched assets moved:
Top Weekly Gainers:
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Bitcoin Cash (BCH): +2%
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Tron (TRX): +1%
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Uniswap (UNI): +1%
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Bitcoin (BTC): +1%
Notable Weekly Decliners:
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Sui (SUI): -5%
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Chainlink (LINK): -4%
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Ripple (XRP): -3%
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Litecoin (LTC): -3%
These fluctuations reflect the overall mixed sentiment in the market, as traders digest a cocktail of political developments and economic indicators.
⚡ Bitcoin: Volatile but Holding Strong
Bitcoin experienced sharp price swings during the week, starting at around €83,000, peaking near €87,000, and briefly falling 7.2% in response to a major political announcement.
On April 2, U.S. President Donald Trump revealed a new package of import tariffs, part of his "Liberation Day" initiative. This included a 10% base tariff on all imported goods, and even steeper tariffs on imports from countries like China and members of the European Union.
The immediate market reaction was one of uncertainty, sending shockwaves across global financial markets and pushing Bitcoin down to near €80,000, a key technical support level.
However, by the end of the week, BTC bounced back and managed to close slightly above €83,000, proving once again its ability to remain resilient under pressure.
📉 A Year of Red: 2025 Performance So Far
While this week ended with a modest recovery for Bitcoin, the overall performance of major crypto assets in 2025 remains negative:
Largest Declines Since January 1, 2025:
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Avalanche (AVAX): -51%
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Dogecoin (DOGE): -50%
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Ethereum (ETH): -48%
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Sui (SUI): -48%
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Ripple (XRP): -5% (notably the least affected among the group)
This widespread red zone highlights the challenges the crypto sector is facing this year, though analysts believe recovery is possible if macroeconomic indicators turn favorable.
🌍 Economic & Political Events That Shaped the Week
Inflation in the Eurozone:
On Tuesday, data showed that inflation in the Euro area rose 2.2% YoY in March 2025 — matching expectations and inching closer to the European Central Bank’s 2% target. This raised hopes of potential interest rate cuts, which would be supportive for risk-on assets like crypto.
Tariff Shock from the U.S.:
President Trump’s “Liberation Day” tariffs caused significant volatility. The EU was slapped with an extra 20% tariff, triggering retaliation threats from European leaders and widespread concern in financial markets.
U.S. Economic Slowdown:
The Non-Manufacturing PMI (March) came in at 50.8, just above contraction territory. This pointed to stagnation in the services sector, further fueling fears of a broader U.S. economic slowdown.
Bond Market Surprise:
Perhaps the most underreported event of the week was the dramatic drop in U.S. 10-year bond yields, falling from 4.3% to below 3.9%. This 40+ basis point move is highly significant and generally bullish for crypto assets, as lower yields make alternative assets like Bitcoin more attractive.
🪙 Bitcoin vs Traditional Assets
While U.S. equities struggled, with the S&P 500 falling below 5,400 points, Bitcoin managed to maintain its levels — a stark contrast that could signal a shift in investor preferences.
Gold (PAXG):
Held steady around €3,100/oz, showcasing its role as a safe haven.
Oil:
Dropped significantly, now trading below €63/barrel — a relief for energy-importing nations like those in the EU.
EUR/USD:
The Euro appreciated strongly, moving from 1.08 to 1.10, a 2% rise, largely thanks to market skepticism around Trump’s trade policies and their impact on the U.S. economy.
🔮 Outlook: Resilience Amid Chaos?
Despite all the noise, Bitcoin has held its €80,000 support, and that alone could be a bullish signal going forward. If macro conditions continue to favor lower interest rates, and geopolitical tensions persist, crypto may become even more appealing as an alternative store of value.
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While 2025 has been tough so far, the mixed performance this week shows that selective strength still exists in the market — and for long-term believers, that may be the real headline.
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