BTC Taps 10-Week High, Crypto Has a New Rockstar, and Iran Reopens the Strait: Weekly Recap

Bitcoin rallied across the week, briefly touching almost $77,000 — its highest level in roughly ten weeks — after a series of geopolitical developments (ceasefire reports, Trump saying Iran reopened the Strait of Hormuz). BTC’s market cap rose above $1.54 trillion and dominance climbed to ~57%, contributing to gains across large-cap altcoins (ETH, XRP, DOGE). A handful of tokens diverged sharply: RaveDAO’s RAVE exploded (~1,500% since last Friday, ~7,000% monthly), while ZEC fell >12% weekly. Other notable market moves and flows include Strategy adding ~13,927 BTC and BitMine increasing its ETH holdings to ~4% of supply. Overall the piece frames the market as bullish for bitcoin in the near term, driven by geopolitics and continued institutional accumulation, even as bitcoin remains materially below its all-time high while equities (S&P 500) set new records.