Altcoins were hit especially hard by the decline in prices, while the top 30 cryptocurrencies by market capitalization held up slightly better.
"$100k isn’t just support anymore — it’s being cemented in investors’ minds as the base price," said Nic Puckrin, founder of The Coin Bureau.
Wall Street infrastructure is rapidly capturing market share from crypto-native exchanges as ETF-based trading surges 15% since October.
Analysts point to broader concerns as compounding market stress, though some say Bitcoin could soon recover if key resistance levels hold.
Analysts said the public dispute between U.S. President Trump and Elon Musk hit the already fragile and over-leveraged market.
This muted search activity comes as top memecoins have surged ~50%, according to the GMCI memecoin index, in the last month.
Ethereum has yet to see a material increase in activity despite recent successive upgrades, according to JPMorgan analysts.
By tapping capital markets and pledging to accumulate BTC, both firms amplify Bitcoin beta through corporate leverage.
Despite BTC trading at all-time highs as of the time of writing, open interest (OI) paints a more nuanced picture.
Solana may lag Ethereum in the near term until new use cases beyond memecoins gain traction, according to Standard Chartered.
Strategy also purchased $427 million worth of bitcoin, and crypto investment products saw inflows of $3.3 billion last week.
Bitcoin and other equities slid Friday as Trump renewed trade tensions with the EU and threatened Apple for offshore product assembly.
The previous all-time high for Bitcoin was around $109,350, set back in January as President Donald Trump assumed office.
Government entities increased their MSTR holdings in Q1, including first-time buys by Saudi Arabia and France, Standard Chartered said.
Bitcoin could keep rising at gold’s expense in the second half of the year, boosted by corporate buying and growing support from U.S. states, according to JPMorgan analysts.
Bitcoin is up nearly 4% on the day and 27.4% over the past 30 days. This is the first time BTC has seen $100,000 since February.
One analyst said bitcoin could retest its all-time high if it holds above the $100,000 line in upcoming sessions.
Bitcoin’s 30-day Pearson correlation to gold has sharply rebounded from -0.67 in February to 0.54 in late April.
Historic BTC outflows from centralized exchanges and whale accumulation seemingly dampened Friday's $7.2 billion bitcoin options expiry.
President Trump renewed attacks on Fed Chair Jerome Powell, calling for urgent rate cuts amid claims of declining inflation.
However, crypto prices may find a floor in mid-to-late Q2 — setting up a better Q3 — Head of Research David Duong said.
The project disclosed that the plunge was caused by 'reckless forced closures' initiated by centralized exchanges on OM account holders.
Crypto markets may be on course for recovery in Q2 2025 after Trump's global tariffs shackled volumes in the first quarter, Kaiko reported.
Markets rebounded sharply after Trump paused global tariffs for 90 days and lowered most reciprocal duties to 10%, sparking a 7% jump in bitcoin.
Bitcoin and equities surged as President Trump increased tariffs on China and paused duties on other countries for 90 days.
"By the end of 2028 we see XRP's market cap overtaking Ethereum's," said Standard Chartered's Geoffrey Kendrick in an email to The Block.
Former Binance CEO Changpeng 'CZ' Zhao also joins Pakistan Crypto Council as advisor, and the stablecoin startup Cap raised $8 million in seed funding.
Standard Chartered says bitcoin could benefit from rising tariff risks as signs of "U.S. isolationism" begin to shape market sentiment.
The team behind the $REAL token aimed to raise $3.6 million during the presale period, but raised only $392,000 after 28 hours.
The dip comes as international markets begin to reopen following a weekend where President Trump gave no signal he's backing down on tariffs.