We left behind a week in which the US markets broke record after record and cryptocurrencies were calm. This week, the moderate US foreign policy, the Fed’s signals for interest rate cuts, investor appetite in global markets and rising expectations attracted attention. Bitcoin struggled to stay above $107,000 this week, while Ethereum traded above $2,400. Market experts stated that the recovery process has begun and year-end bullish targets are valid. What happened this week, which was relatively quieter than the previous week?
Here are the highlights of the week…
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Fed Chairman Powell and Trump Face Off!
US President Donald Trump continues to express his dissatisfaction with the work of Fed Chairman Jerome Powell. Despite the steps taken by the US in the field of foreign policy and economy, the Fed has not yet favored an interest rate cut. Fed Chairman Jerome Powell made striking statements this week. Powell stated that Trump’s tariffs increase the risk of inflation and therefore they do not favor interest rate cuts. Powell stated that they will remain on hold regarding interest rates. Again this week, Trump stated that Powell was “stupid” and not worthy of the Fed’s leading role. The interest rate tension between Trump and Powell continued this week.
Bitcoin Reaches $107,000
Bitcoin, the leading cryptocurrency, continued to recover after the Israeli-Iranian tension. This week, the Bitcoin price moved away from the $102,000 zone and climbed above $107,000. Despite the uncertainty in the market, Bitcoin’s recovery has increased crypto analysts’ expectations for a rally. Experts say that if there are no geopolitical tensions in the coming period, a new record could be seen.
Other data supporting Bitcoin’s rise were derivatives markets and the mining sector. While the volume in futures increased, mining companies started to increase their workforce. On the other hand, institutional investors also flocked to Bitcoin this week. All these developments point to a resurgence of positive market conditions.
Coinbase Breaks Records: Buys Bitcoin Every Week!
Coinbase, a publicly traded crypto company in the US, is breaking record after record. Coinbase’s stock hit a new record this week. The record was attributed to Coinbase offering custody services to institutions and launching futures trading in the US. On the other hand, Coinbase CEO Brian Armstrong revealed that his company buys Bitcoin every week. MicroStrategy and Coinbase’s Bitcoin loyalty program has sent the crypto market into a positive mood.
Surprising Sale from Ark Invest
Ark Invest, led by Cathie Wood, started selling Coinbase and Block shares. With US markets hovering at record highs, Ark Invest’s sales attracted attention. Wood’s investment and management company Ark Invest sold 33,363 shares of Coinbase and 189,649 shares of Block on Thursday. The company earned a total of $24.8 million from these sales.
Giant Bitcoin Move From Bakkt
Bakkt, which was once rumored to be acquired by the Trump family, is planning to raise a large fund for its Bitcoin strategy. Crypto software company Bakkt announced that it plans to raise $1 billion in funds through a capital increase. The company stated that it will buy Bitcoin with some of these funds and create reserves. The fact that Bakkt is turning to digital assets and will buy Bitcoin for strategic reserve purposes has been one of the most exciting developments of the week. Founded in 2018, Bakkt offers crypto trading and custody solutions via API and integrated platforms. The company went public in 2021.
Mastercard And Chainlink Join Forces
Payment and finance company Mastercard has taken an important step to integrate the cryptocurrency sector into the mainstream financial system. As a result of its new collaboration with Web3 and infrastructure company Chainlink, Mastercard announced that it has implemented an infrastructure that eliminates structural barriers. This new collaboration offers a solution that works directly on-chain. Mastercard holders will be able to buy cryptocurrency securely.
Both companies aim to produce a service that will comply with the law and the requirements of the financial system.
While record rises were observed in the US markets, a remarkable transaction took place in Nvidia, the most popular company of recent times. Nvidia CEO Jensen Huang started exercising his right to sell $865 million worth of shares by the end of the year as part of the predetermined sales plan he started in March 2025. Huang unloaded 100,000 Nvidia shares between June 20-23. The sale was interpreted that profit sales may have started in financial markets, including the crypto market.
