Crypto Markets Rally as Trump Meets Putin

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BTC retraced after its all-time high but all eyes are now on today’s big meeting.

It was another historic week for the cryptocurrency market as bitcoin, as well as a few altcoins, managed to chart fresh peaks.

But let’s begin with the largest digital asset. Just last week, its price struggled to maintain above $117,000 and even dipped below that level on a couple of occasions. However, it had a solid weekend in which it added a few grand and jumped toward $119,000.

The beginning of the current business week was a lot more promising. On Monday alone, the cryptocurrency spiked above $122,000 to mark a multi-week peak before the bears returned and pushed it south by over three grand.

However, the culmination was yet to occur as the bulls initiated a spectacular leg up on Wednesday and Thursday morning, driving bitcoin above its July 2025 all-time high of $123,200 to a new one. This time, the asset peaked at $124,500.

Following this explosive price jump, though, came the almost inevitable correction. BTC quickly dropped back down to $122,000 and $121,000, but that was just the start. The hot PPI data for July came out, with numbers surging to a three-year high, which had an immediate impact on bitcoin’s price.


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