Bitcoin achieved its highest weekly close at $106.5k, marking a historic milestone as it surged past $107.1k before a subsequent dip. The U.S. credit landscape is affected as Moody’s downgraded the U.S. government’s credit rating, contributing to a mini-crash affecting alternative cryptocurrencies (alts). Market experts suggest increasing bond yields and fiscal concerns are influencing price dynamics across the board, with Bitcoin's dominance rising amid the uncertainty. Notable developments include major U.S. companies potentially investing in Bitcoin as part of their reserve strategy, signaling institutional interest despite the market's volatility. This week also highlights the discussions around regulatory frameworks, as several U.S. states navigate crypto regulations, with ongoing impact from legislative actions on innovation in the crypto space. The overall sentiment reflects cautious optimism, as the future of altcoins remains tightly correlated with Bitcoin's performance and prevailing market conditions.

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