Bitcoin held above $65,000 this week, up roughly 2% as the U.S. paused airstrikes against Iranian targets, easing risk-off pressure across markets. Ethereum was the standout large-cap performer, climbing toward $1,964 on renewed institutional interest, clearly outpacing Bitcoin’s more modest gains. Altcoins saw an even sharper move higher, led by Shiba Inu’s roughly 28% weekly surge alongside strong gains in Solana, Dogecoin, and Pepe. Traders now watch today’s FOMC decision as the next major catalyst for risk appetite across digital assets.
BTC/USD Price: $65,210.56
▲ +2.10% 🟢 Outlook: Bullish | Support: $62,000 · Resistance: $67,500
Week in Review
Bitcoin firmed above $65,000 as easing Middle East tensions, following a pause in U.S. airstrikes on Iranian targets, restored some risk appetite. Gains were steady but more modest than the sharper moves seen in Ethereum and altcoins.
Key Drivers: Pause in U.S.-Iran military tensions · Broad risk-on sentiment · Renewed ETF inflow interest
Forward Outlook
Bitcoin should stay range-bound near $63,000-$67,000 pending clarity from today’s Fed decision, with a dovish surprise the likelier trigger for a push toward new highs.
ETH/USD Price: $1,963.76
▲ +6.80% 🟢 Outlook: Bullish | Support: $1,850 · Resistance: $2,050
Week in Review
Ethereum outperformed Bitcoin decisively this week, rising as much as 4.6% in a single session and briefly testing the $1,980 level. Ether remains the standout major of 2026, up nearly 40% year-to-date.
Key Drivers: Renewed institutional buying · Relative-value rotation out of Bitcoin · Strong 2026 year-to-date performance
Forward Outlook
Momentum favors a test of $2,000-$2,050 near-term; a hawkish Fed or broader risk-off shock is the main threat to the current uptrend.
SHIB/USD Price: $0.000005347
▲ +28.00% 🟢 Outlook: Bullish | Support: $0.0000048 · Resistance: $0.0000058
Week in Review
Shiba Inu was this week’s standout performer among majors and memecoins alike, surging nearly 28% as speculative flows returned to the sector alongside Bitcoin and Ethereum’s recovery.
Key Drivers: Broad memecoin speculative inflows · Risk-on rotation following Bitcoin/Ethereum strength · Elevated retail trading volume
Forward Outlook
Momentum remains strong but stretched; a pullback toward $0.0000048 would be a healthy consolidation before any further advance.
SOL/USD Price: $73.14
▲ +5.00% 🟢 Outlook: Bullish | Support: $68.00 · Resistance: $80.00
Week in Review
Solana led the large-cap altcoins this week, gaining roughly 5% as it worked to reclaim its prior trading range following recent weakness.
Key Drivers: Recovery attempt after recent underperformance · Broader altcoin risk-on rotation · Continued network activity growth
Forward Outlook
A sustained move back above $75 would confirm the reclaim of its prior range, opening a path toward $80; failure to hold above $70 risks a retest of recent lows.
DOGE/USD Price: $0.0702
▲ +9.50% 🟢 Outlook: Bullish | Support: $0.062 · Resistance: $0.078
Week in Review
Dogecoin joined the memecoin-led rally, advancing nearly 10% on the week even after a modest daily pullback, as speculative appetite broadened beyond the large-cap majors.
Key Drivers: Broad memecoin rally · Retail speculative demand · Risk-on sentiment following Bitcoin/Ethereum gains
Forward Outlook
Continued strength in Bitcoin and Ethereum should keep Dogecoin supported, though it remains prone to sharp reversals typical of memecoin trading.
PEPE/USD Price: $0.000003
▲ +11.00% 🟢 Outlook: Bullish | Support: $0.0000026 · Resistance: $0.0000034
Week in Review
Pepe extended the memecoin rally with an estimated 11% weekly gain, riding the same speculative wave that lifted Shiba Inu and Dogecoin this week.
Key Drivers: Memecoin-sector speculative inflows · High retail trading volume · Correlation with Dogecoin and Shiba Inu strength
Forward Outlook
Gains are likely to stay volatile and sentiment-driven; a broader crypto market pullback would hit Pepe disproportionately given its low-cap, high-beta profile.
⚠️ Risk Events — Next Week
| Event | Date | Impact | Affected |
|---|---|---|---|
| FOMC Interest Rate Decision | 2026-07-29 | high | BTC, ETH, all risk assets |
| US Nonfarm Payrolls | 2026-08-07 | high | BTC, ETH, all risk assets |
| US CPI | 2026-08-12 | medium | BTC, ETH, all risk assets |
Analyst Note
The pause in Middle East hostilities combined with broadening memecoin speculation points to a healthier risk appetite than earlier in July, but today’s Fed decision is the key near-term swing factor. We’d treat the memecoin surge as sentiment-driven and secondary to Bitcoin and Ethereum’s more fundamentally supported moves.
This report is for informational purposes only and does not constitute financial advice. Published by Elven Financial Research.
