Crypto Market's Weekly Winners and Losers
This week saw a $19 billion wipeout in the crypto space. Despite the chaos, some assets showed significant gains, while others declined.
- Zcash [ZEC]
- Memecore [M]
- Tether Gold [XAUt]
led the week in gains, with Zcash [ZEC] topping the list with a 66%+ jump. On the other hand, DoubleZero [2Z], Pump.fun [PUMP], and MYX Finance [MYX] saw significant declines.
Bitcoin [BTC] ripped past $126k before getting hit by a $19 billion market wipeout after Trump’s 100% China tariff sent traders scrambling.
Despite the market turmoil, institutions continued to show confidence in crypto, with Crypto ETFs pulling in a record $5.9 billion. Additionally, ICE invested $2 billion into Polymarket, and S&P rolled out a new crypto index.
Author's summary: Crypto market experiences $19 billion wipeout.
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