Crypto Market Weekly Recap
This week, the crypto market experienced a $19 billion wipeout. Despite the chaos, some assets showed significant gains, while others saw substantial declines.
Weekly Winners
- Zcash [ZEC]: 66%+ jump
- Memecore [M]
- Tether Gold [XAUt]
Weekly Losers
- DoubleZero [2Z]
- Pump.fun [PUMP]
- MYX Finance [MYX]
Bitcoin [BTC] briefly surpassed $126k before the market wipeout, triggered by Trump's 100% China tariff. However, institutions continued to invest, with crypto ETFs reaching a record $5.9 billion.
Crypto was a rollercoaster this week.
Regulatory activity and investments in the crypto space remained steady, with ICE investing $2 billion in Polymarket and S&P introducing a new crypto index.
Author's summary: Crypto market experiences $19 billion wipeout amidst gains and losses.