It’s been a wild week in the markets, with everything from crypto to crude oil swinging hard in reaction to geopolitical tensions. But amid the chaos, Bitcoin has managed to recover, and one altcoin in particular—TRX—is quietly stealing the spotlight.
Let’s break it down.
Bitcoin Back Above $107K
Bitcoin (BTC) dipped sharply last week, falling below $100,000 on Coinbase following U.S. strikes on Iran. The drop was short-lived but intense, dragging BTC down to $98,225—its lowest level since early May. Over $1 billion in futures were liquidated, amplifying the move.
However, Bitcoin has shown serious resilience since then. Once the ceasefire was announced, it staged a solid comeback and is now trading above $107,000.
Geopolitical Tensions = Market Whiplash
You can actually see the ripple effect of geopolitical news across different asset classes. Crude oil futures (blue line) surged to $78.40 after the initial strike, only to crash more than $13 when peace talks resumed. Bitcoin (candlesticks) followed a similar emotional rollercoaster.
And it wasn’t just prices. The OVX (crude oil volatility index) spiked to its highest level since March 2022, hitting over 100%—a rare move that caused chaos on trading desks around the world.
Altcoins: Mixed Bag, But TRX Shines
While Bitcoin has almost fully recovered from its mid-June dip, many major altcoins haven’t. Cardano and Ether lost 9% and 5%, respectively. XRP held steady, gaining 2.4%, while TRX (Tron’s native token) turned out to be one of the most resilient altcoins during this volatile stretch.
TRX’s steady performance isn’t a fluke—it’s backed by solid fundamentals.
What’s Driving TRX?
According to DefiLlama and Artemis Analytics, TRON is the second-largest blockchain by stablecoin supply—just behind Ethereum. It commands a 32% market share worth $80.5 billion and is showing stronger momentum than Ethereum since February.
TRON also ranks second in active stablecoin addresses, with 9.6 million users in May—just behind BNB Chain.
A Bold Move: TRON’s Reverse Merger Strategy
TRON is reportedly planning a reverse merger with SRM Entertainment, a Nasdaq-listed toy company. This type of merger allows a private company to go public by merging with a smaller, already-listed company—often faster and more cost-efficient than a traditional IPO.
SRM’s stock soared from $1.46 to $7.90 after announcing a $100 million crypto treasury strategy involving TRX. Essentially, SRM is looking to follow in MicroStrategy’s footsteps and become a crypto treasury company—except with TRX instead of Bitcoin.
It’s a bold pivot—and one that’s putting TRON squarely in the spotlight.
Meanwhile, in the Macro World…
On the macroeconomic side, the Fed decided to keep interest rates unchanged at 4.5%, as expected. Fed officials made it clear they want to wait for more clarity on how tariffs could impact inflation and the broader economy before making their next move.
The probability of a rate cut at the July meeting is low—only 18.6%, according to the CME FedWatch Tool.
Investors are now waiting for two key events:
Q1 GDP numbers (dropping tomorrow), and
The start of the U.S. earnings season (in just 6 days), which will give deeper insight into the economy’s direction.
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