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- Dgenz Crypto Weekly 030
Dgenz Crypto Weekly 030
Your go-to newsletter for crypto market updates, trends and analysis brought to you by DgenzNFT.
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Weekly Snapshot
Market Pulse
Bitcoin nearly broke into price discovery this week, surging to just over $108k — 1.1% below its all-time high of $109,224 set in January. The rally was fueled by roaring institutional appetite, as U.S. spot Bitcoin ETFs recorded a staggering $3.06 billion in net inflows last week—the second-highest weekly inflow on record. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, pulling in $356.2 million in a single day and notching 19 straight days of inflows, the longest streak so far in 2025. Strategy also continued its Bitcoin buying spree, adding 7,390 BTC between May 12–18, bringing its total to a massive 576,230 BTC—now valued at over $61 billion. Even the banking elite are starting to pivot. After years of bashing Bitcoin, JPMorgan CEO Jamie Dimon said on Monday that clients will soon be able to buy BTC through the bank—though it will be handled by third-party custodians. This comes despite his previous statements calling Bitcoin “a fraud” and “a pet rock,” and his bold claim that he’d shut it down “if he were in charge.” Dimon’s U-turn adds to the growing list of institutional signals pointing toward long-term crypto integration. But the headlines weren’t all bullish. Physical crypto-related crime continues to rise. In Uganda, Mitroplus Labs founder, Festo Ivaibi, was abducted near his home by armed men in military uniforms claiming to be security operatives. He was held at gunpoint and forced to transfer $500,000 in crypto. Days earlier, in London’s West End, U.S. tourist Jacob Irwin-Cline lost over $123,000 in crypto after reportedly being drugged with a scopolamine laced cigarette during a late-night Uber ride. As the market heats up and crypto enters new territory, the stakes for both opportunity and risk are rising fast.
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Crypto Insights: Weekly Charts
USDT Dominance
Nothing much has changed in terms of this chart for the past couple weeks except for that we had a failed breakout above resistance. Periods of consolidation like this are almost always followed by an impulsive move resulting in large scale liquidations. We can see scenarios similar to this if we look back to the end of April where we consolidated before the big drop in the first week of May where we finally broke out, but we can also see it back in February where we consolidated all month before an explosive move to the upside. It’s hard to choose sides at this point, but the overall trend on Bitcoin still remains bullish in opposition to $USDT.D, so if $BTC is to go back to $97.5K we would need something big in terms of a macroeconomic or geopolitical news event.
The USDT.D chart shows the market dominance of Tether (USDT), indicating the proportion of crypto market value held in Tether and reflecting investor sentiment towards risk, as higher dominance often signals a move towards stability.
Bitcoin Dominance
$BTC.D is still in a pretty clear uptrend with continued higher lows and higher highs. We did have our first rejection from resistance yesterday but I certainly wouldn’t be celebrating just yet, first we need to see a bearish change of character by putting in a lower low. If we continue this up trend in $BTC.D breaking through this resistance, and couple that with Bitcoin getting rejected at $107K then alts are in for a blood bath.
The BTC.D chart shows Bitcoin’s market dominance, revealing its share of the total crypto market cap and helping investors understand capital flow trends and overall confidence in Bitcoin versus altcoins.
Others Dominance
One promising looking index we do have is our $OTHERS.D 4HR chart. After another bounce from support we look to have potentially just broken structure here and put in our first high higher. It’s not very convincing yet so for now I am just slowly scaling into spot plays that are also at their support levels.
The OTHERS.D chart highlights the market share of altcoins outside the top 10 by market cap, giving investors insight into capital flow and interest in the broader crypto market.
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Dgenz NFT Collections | Weekly Crypto Stream  The best way to keep up with crypto is to surround yourself with the right people. Tune into the Weekly Crypto Roundtable on YouTube every Thursday, hosted by Dgenz community members, for sharp insights, market updates, and discussions that matter. |
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