Bitcoin and top altcoins such as Pepe Coin, Bonk, and Shiba Inu experienced a pullback over the weekend as traders took profits following last week’s momentum. The Bitcoin price fell from $112,000 to $107,000, while other coins like Pepe Coin crashed from $0.00001625 to $0.00001295.
The recent resurgence of Donald Trump’s trade war is believed to be a major factor in the decline. Trump recently announced plans to impose a 50% tariff on European goods, which could impact the over $1.6 trillion annual trade between the US and Europe. This news has sent shockwaves through the markets, causing Bitcoin and other altcoins to plummet.
On Wednesday, the Federal Reserve will publish minutes from its last meeting, which is expected to reveal more insight into the Fed’s deliberations on interest rates. Historically, these minutes have had a significant impact on cryptocurrency prices, but experts believe that the market has already priced in no rate cut for June. The FOMC minutes are seen as less influential this time around.
The third catalyst is NVIDIA’s upcoming earnings report on Wednesday. As the second-largest company globally with a market cap of over $3.2 trillion, NVIDIA plays a significant role in shaping the US stock market and the artificial intelligence industry. A strong report could boost stock prices, leading to increased investment in cryptocurrencies, which have a close correlation with the stock market.
While the exact impact of these factors on Bitcoin and altcoin prices remains uncertain, one thing is clear: the markets are watching closely for developments on trade, FOMC minutes, and NVIDIA earnings.
Source: https://www.banklesstimes.com/articles/2025/05/25/catalysts-for-bitcoin-and-altcoins-like-pepe-bonk-and-shiba-inu-this-week