After kicking off what turned out to be another milestone-setting week, bitcoin ( BTC) ultimately ended the week only 5% higher after U.S. President Donald Trump’s tariff threat against the European Union (EU) rattled markets. Data shows the top cryptocurrency, which began the week trading just below $103,000, was at one point trading around $112,000, up nearly 9%.
However, Trump’s surprise Truth Social media post sparked a sell-off that saw BTC drop to $107,217, erasing most of the gains made during the week. Nevertheless, the crypto asset was back above $108,000 at the time of writing (May 24, 5 a.m. EST). Despite the momentum break induced by Trump’s tariff threat, BTC advocates, including Real Vision founder and macro expert Raoul Pal, expect the crypto asset to continue its upward trajectory in the coming weeks.
In his latest video, Pal told his followers that the global money supply metric suggests bitcoin will peak at over $140,000 by July, a gain of almost 30% in less than six weeks.
Meanwhile, WLD, like bitcoin, had a good week, with the token at one point up nearly 50% to $1.60 before retreating to $1.45 at the time of writing. It surged after it was announced that venture capitalists Andreessen Horowitz and Bain Capital Crypto had purchased WLD tokens worth $135 million. As reported by Bitcoin.com News, the investment is expected to fund the expansion of Sam Altman’s World Assets into the U.S. At the time of writing, WLD was still up by more than 30% over the past seven days.
Hyperliquid’s HYPE, meanwhile, was the top gainer of the week among the top 20 digital assets by market capitalization. After starting the week oscillating around $27, HYPE kicked off a mini rally on May 21, ultimately peaking just below $37 some 48 hours later. One report tied HYPE’s rally to skyrocketing crypto deposits in Hyperliquid’s three-month-old blockchain.
During the same period, BCH, which was up 8.4% over seven days, was the next highest-gaining top 20 digital asset after HYPE. DOGE was in third place with a weekly gain of 5.7%, while SUI was the biggest loser, dropping 3.7% to $3.65.
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