Here’s the crypto market update from last week:
Crypto Market Trembles to New Trump’s Tariff Wars
After Bitcoin briefly touched $97,000 the previous week, momentum seemed like it was back. However, the tone changed quickly after Donald Trump’s renewed trade tensions with the EU brought back uncertainty and hit the crypto market again. Exchange-traded funds (ETFs) flows made that switch obvious, with over $700 million exiting US spot Bitcoin ETFs — the largest daily outflow since launch.
That selling impacted crypto price action immediately. Bitcoin slid below $90K, and altcoins like Ethereum (ETH), Ripple’s XRP, and Solana (SOL) plunged into the red zone. Also, leveraged positions were flushed out, and volatility briefly spiked. However, what changed the most was the macro conditions becoming less friendly.
New research warns that US inflation could climb back above 4% this year, driven by a combination of renewed tariff wars, tighter labour markets due to deportations, and poor financial conditions overall. Together, those forces and new trade wars are shifting investors into defence mode, causing them to flee from risky assets to safe havens in the meantime.
Gold & Silver Rally With Fresh Energy
However, while crypto and stocks cooled last week, gold and silver pushed to fresh record highs, reinforcing their status as safe havens when risk assets like crypto are experiencing strong price swings. Spot gold climbed above intraday highs near $4,680 per ounce on Monday. Silver also rallied strongly, crossing record thresholds above $93–$94 per ounce.
So the current crypto market update is that Bitcoin and other cryptocurrencies are reacting to a tougher macro environment after a strong run. For now, this looks less like the end of a cycle and more like a pause that reminds traders that crypto still reacts to the broader market sentiment. The next price action depends on how macros like inflation, interest rates, and geopolitical tensions unfold from here.
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