Crypto market wipes $300 billion over the weekend
Bitcoin (BTC) was noted in the immediate aftermath of President Donald Trump’s Liberation Day tariff announcement for trading separately from most other risk assets. Specifically, unlike U.S. – and foreign – stocks, BTC held relatively steady on Friday and Saturday, promising to retain its critical support levels at approximately $82,000. A similar phenomenon was seen in the entire cryptocurrency market. Despite the overall market capitalization plunge amounting to $400 billion from $2.75 trillion at the tariffs’ announcement to $2.35 trillion at press time, the bulk of the erasure occurred in two brief crashes. First, the total valuation of digital assets dropped by about $150 billion between Thursday, April 3, and Friday, April 4. It then held steady over most of the weekend, only to accelerate on its downward trajectory on Sunday. Ultimately, the biggest collapse occurred between the afternoon of April 6 and the early hours of Monday, April 7, as cryptoc...