WMA: Bitcoin Hits New ATH at $112,000 on BTC Pizza Day, but Altcoins Stutter

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This Week’s Summary

The crypto market ends the week at a total market capitalization of $3.37 trillion.
Bitcoin increased by over 3% to trade at around $107K after a new ATH at $112K.
Ethereum stagnates at around $2,500.
XRP is down by 4%, Cardano by 2%, and Dogecoin by 1%.
Almost all altcoins are trading in the red, with nearly no exceptions.
The DeFi sector maintains the total value of protocols (TVL) at around $115 billion.

Crypto Trends 19 – 25 May 2025: Market Analysis and Performance

The crypto market closed a spectacular week that saw the bulls take full control across the board. Unfortunately, the enthusiasm lasted only until the weekend. News of further entanglements in Trump’s Tariff War with the rest of the world brought many prices down. As a result, many cryptocurrencies are trading in the red while the market capitalization remains at around $3.3 trillion.

Bitcoin set a new all-time high at $111,970 on Friday, the 15th anniversary of the Bitcoin Pizza Day. The unofficial celebration marks a well-known event in the crypto space. More precisely, 15 years ago, Laszlo Hanyecz spent 10,000 BTC worth $30 on two Papa John’s pizzas. The new ATH hitting on BTC Pizza Day is just a coincidence, and the bulls have since then slowed their surge. As a result, Bitcoin is now trading at around $107,000.

Ethereum failed to bank on the general enthusiasm in the market, similar to the rest of the altcoins. In fact, ETH didn’t gain or lose much throughout the past seven days. The second crypto in command is still trading at around $2,500.

Altcoins & DeFi

Most altcoins are trading in the red, with almost no exceptions. For example, XRP is down by 4%, Solana by 1%, Cardano by 2%, Avalanche by 3%, Sui by 8%, Chainlink by 4%, and Stellar by 2%. Hyperliquid is among the few climbers, following a 36% value boost.

The memecoins are not faring any better, either. For instance, Dogecoin is down by 1%, Shiba Inu by 3%, and Pepecoin by 2%.

The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down by 8%, Stacks by 1%, and Floki by 3%. Meanwhile, Decentraland is down by 8%, Render by 1%, and ApeCoin by 2%. The Sandbox decreased by 3% and MultiversX by 7%. On the other hand, Virtuals is up by 5%.

The DeFi sector maintains the total value in locked protocols (TVL) at about $115 billion.

Crypto Market Analysis – What’s in the News?

The US President held a special dinner with the top holders of his meme coin, Official Trump (TRUMP), sparking protests from some activists and increased hype for the crypto market.

Next Week’s Crypto Market Forecast

The crypto market generates plenty of headlines these days. Bitcoin’s latest feat has attracted many new investors. Also, BTC’s value, which is cementing above the psychologically daunting $100,000 level, is starting to convince even some of the coin’s most passionate skeptics. Hopefully, the trend will continue for many weeks to come, and it will also rub off on the other crypto assets.

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