Bitcoin (BTC) began the new week priced at $87,000, marking a significant development in a week expected to be packed with macroeconomic events. Additionally, both gold and silver continue their streak of rising gains as we progress towards 2026. Highlighting another key event, BitMine has announced new Ethereum (ETH) acquisitions, posing the question of how markets have started this week.
US Markets Show Dynamic Movements
The Japanese yen has surged to its strongest level since November, considering expectations of interventions to support its local currency. In contrast, the dollar has fallen to a four-month low. The yen’s dramatic 1.5% climb against the dollar has set markets on high alert for possible interventions, following its recent downward trend.
Gold has surpassed the $5,000 per ounce mark for the first time in history. This can be attributed to President Donald Trump’s reshaping of international relations and the ongoing flight from government bonds, underscoring escalating risks in the financial environment.
No major developments are expected in markets for the rest of the day. However, as earnings reports from US giants are anticipated throughout the week, stocks are expected to remain strong. Microsoft’s earnings report might rekindle debates over the AI bubble, while any potentially aggressive comments from Trump in the coming days could trigger another downturn.
Current Status of Cryptocurrencies
BitMine has recently purchased approximately 40,000 ETH. Meanwhile, assets like SOL and AVAX have started the new week in the red. ETH remains below $2,900, with many cryptocurrencies nearing their primary support levels. Among the top 100 cryptocurrencies, RIVER has been the most profitable, achieving a 180% weekly increase and a 30% daily rise. ALGO, KAVA, and LIT have recorded gains ranging from 3-5%.
As for the token associated with Trump’s family, WLFI has experienced a significant loss, with IP Coin following a similar path. Additionally, DASH experienced a reversal in its rally due to the prevailing negative sentiment in the market, reflecting a 25% weekly loss. It had previously yielded triple-digit gains, following rallies in ZEC and XMR Coins.
XRP Coin is positioned just above its $1.88 support level. Furthermore, SOL Coin has decreased to $122, while the gold stablecoin PAXG is valued at $5,093.
