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], and Tether Gold [XAUt] led the week in gains.
- DoubleZero [2Z], Pump.fun [PUMP], and MYX Finance [MYX] saw significant declines.
Bitcoin [BTC] briefly surpassed $126k before the market wipeout, triggered by Trump's 100% China tariff. However, institutions continued to invest, with crypto ETFs pulling in a record $5.9 billion.
Crypto was a rollercoaster this week.
Notable investments included ICE's $2 billion investment in Polymarket and S&P's new crypto index. Zcash [ZEC] stood out with a 66%+ jump, demonstrating internal strength.
Author's summary: Crypto market sees $19 billion wipeout amidst institutional investments.