This week in Bitcoin: Trump rates and Deepseek Fuel Plunges, but Tether is coming

It was another week full of action for BitcoinAnd the price of the coin is again comfortable above $ 100,000 – despite substantial fluctuations fed by the news cycle.

Coingecko shows that the largest digital active is currently $ 101,880 at the moment after a turbulent week. That is a decrease of almost 3% in the past week.

It started with Rocky, where the cryptomarkt took a hit after the Chinese artificial intelligence startup Deepseek released a new open-source large language model last week.

This powerful and much more cost-efficient model led Tech investors to quickly sell their interests in American AI-related companies and crypto positions. At one point Bitcoin was priced on Monday as $ 98,380.

But it recovered quickly and the active jump over $ 100,000 marking after the chairman of the Federal Reserve Jerome Powell hinted that another interest rate was possible if inflation continued to cool. His comments about banks that were able to handle crypto services also fed optimism.

But on Friday, reports that President Donald Trump’s rates will start against Canada, Mexico and China on Saturday, helped Bitcoin and other assets push down again. After having touched almost $ 106,000 on Friday morning, BTC dived under $ 102,000 marking that afternoon – and remains from this letter.

ETF flows

Last week was a big week for Bitcoin, with money that flows hard and fast in the new Bitcoin exchange-related funds-big thanks to the inauguration of crypto-friendly President Donald Trump. Last week almost $ 1.6 billion in assets Bitcoin ETFs was introduced.

This week, things were delayed, in which investors remove almost $ 458 million from the funds on Monday, according to data from Farside Investors.

By Thursday, more than half a billion had entered the vehicles – but that is quite slow compared to last week, when investors pumped more than $ 800 million in the ETFs on Tuesday alone.

Tether on Bitcoin

Perhaps the biggest news of the week was Stablecoin Giant Tether who announced digital dollars on the Bitcoin network. On Thursday, the company said that his native USDT -token would soon be available in both Bitcoin’s Base Layer and the Lightning Network.

USDT is the world’s top stablecoin and Bitcoin is the world’s largest crypto network. Elizabeth Stark, CEO of Lightning Labs, the company builds up integration, said “millions of people can now use the most open, secure blockchain to steer dollars worldwide.”

Ripple vs. The Bitcoin Reserve?

Hardcore Bitcoiners go after Fintech Ripple, while the company – whose founders have made XRP – chummy with President Trump.

Last week the President signed an executive order on Crypto, but Bitcoin did not mention it specifically – despite his campaign bow to save the orange currency.

Now Bitcoiners claim that Ripple insists on having XRP, the third largest cryptocurrency of market capitalization, in the “Digital Asset Stockpile” of the new administration.

Ripple CEO Brad Garlinghouse responded to the allegations on X in a Monday post and wrote that “as a [government] Digital Asset Reserve has been made … It must be representative of the industry, not just one token. “

Trump’s new fintech -eyes bitcoin

In the meantime, the Trump Media and Technology Group of the President said it would launch financial services and fintech -arm called Truth.fi. According to the company’s announcement, Truth.fi “Bitcoin and similar cryptocurrencies or crypto-related effects can buy.”

But the formulation was vague, and the $ 250 million money that the fintech wanted to allocate to Crypto will be in the hands of Charles Schwab – who would invest it via ETFs.

Although some of Trump’s recent movements in his official capacity of President and others come from his personal companies or licensees, they can cause mixed messages for bitcoiners who supported him during the campaign.

Published by Andrew Hayward