Crypto Market Weekly Recap
This week saw a significant $19 billion market wipeout in the crypto space.
Top gainers included Zcash [ZEC], Memecore [M], and Tether Gold [XAUt], while DoubleZero [2Z], Pump.fun [PUMP], and MYX Finance [MYX] experienced notable declines.
Bitcoin [BTC] briefly surpassed $126k before being impacted by the market wipeout, triggered by Trump's 100% China tariff announcement.
Crypto was a rollercoaster this week.
Despite the turmoil, institutions continued to invest, with crypto ETFs attracting a record $5.9 billion, demonstrating lingering confidence.
- ICE invested $2 billion in Polymarket
- S&P launched a new crypto index
- Regulators remained active
Zcash [ZEC] stood out with a 66%+ gain, showcasing internal strength, as noted by AMBCrypto.
Author's summary: Crypto market experiences $19 billion wipeout.