Bitcoin Price Dips to $115K After Trump-Zelenskyy Meeting, OKB and MNT Surge
Bitcoin price peaked above $124,000 last Thursday following a sharp midweek rally but retraced to $118,000 after U.S. PPI data and slid further to $115,000 as markets awaited the Trump-Zelenskyy meeting. Despite both leaders reporting progress on security guarantees, BTC failed to reclaim $117,000 and posted a 3% weekly loss, with market cap at $2.23 trillion and dominance near 58%. Most large-cap altcoins traded sideways; Ethereum held above $4,250 and XRP defended $3.00. OKB and MNT led gains, each surging over 10% to $130 and $1.35 respectively. The total crypto market cap rose by $30 billion to $3.97 trillion. Traders should note volatility around political events and selective altcoin strength when adjusting positions.
Neutral
The mixed outcome—BTC dipping on political uncertainty but select altcoins rallying—suggests a neutral market stance. Historically, major geopolitical meetings trigger short-term bitcoin volatility without dictating long-term trends. Altcoin strength in OKB and MNT indicates capital rotation rather than broad bullish momentum. Traders should brace for ongoing choppiness and use pullbacks to re-evaluate positions, focusing on high-conviction assets and managing risk around key political or economic events.