Macroeconomic factors likely a significant driver of Bitcoin price for the remainder of 2019.

A challenging week for crypto ended with BTC and most other digital assets trading heavily red. A silver lining appeared towards the end of the week, however, with full confirmation and regulatory approval for the BAKKT futures trading and custody platform - an announcement which helped markets recover some mid-week losses.

In another good week for BTC, Bitcoin's dominance of the total crypto market cap increased to 68%, the highest level since April 2017. Alts continue to falter against BTC, with the market viewing altcoins as risky investments, and turning instead to the safe haven of Bitcoin.

A bullish week for the crypto markets ended with Bitcoin up nearly 20%, enjoying a wave of macro driven buying pressure. With global macro markets affected by trade tensions and policy uncertainty, BTC's value as a hedge against macro-uncertainty was apparent in the last week.

A positive week for crypto trading was highlighted by a mid-to-late week pickup in prices and an endorsement of Bitcoin as an 'unstoppable force' by a US politician. A neutral weekly close for BTC/USD points towards an uncertain market and volatility in the week ahead.

Underscoring another positive trading week for crypto markets was news that CME Bitcoin futures volumes and user activity hit all-time highs. Hash rate also touched all-time highs during the week as mining activity on the Bitcoin blockchain continues to grow.

Bitcoin continues to grow in market dominance, trading green over the last week as other large cap assets faltered. Mainstream support for BTC also grew, with the popular 'Cash' app adding deposit support for Bitcoin - and the futures platform LedgerX gaining CFTC approval for physically settled Bitcoin futures.

Bitcoin prices continue to soar with the cryptocurrency reaching a yearly high of USD$11,400 last week. Trading volumes on derivatives markets are at all-time highs as bullish sentiment remains strong despite fears of a pullback. The second largest blockchain network, Ethereum, also enjoyed strong gains in the last week due to strong market momentum and improving on-chain activity.

The crypto market continued its difficult start to the month of June with most large cap assets correcting strongly over the last 7 days. Many analysts believe more corrections are incoming based on both onchain and market indicators.

Following a notably strong month of May, crypto markets corrected this and the price of BTC fell well below the $9000 price level. Bitcoin, however, evidenced strong value as a macroeconomic hedge digital store of value building high demand in the volatile Argentinian economy.

Crypto trading last week was defined by a significant price spike on Sunday which added color to an otherwise quiet week of price activity. In the coming week, two major updates on the Chainlink and Tezos chain may drive value into their respective native tokens.

Bitcoin and crypto markets were able to bounce back from a price scare over the weekend to end the week with double digit gains. News of incoming institutional investment vehicles also buoys perspective for medium-to-long term investors.