Crypto Market Weekly Recap
This week saw a significant $19 billion market wipeout, with various crypto assets experiencing gains and losses.
Top gainers included Zcash [ZEC], Memecore [M], and Tether Gold [XAUt], while DoubleZero [2Z], Pump.fun [PUMP], and MYX Finance [MYX] saw notable declines.
Despite the market volatility, institutions continued to invest, with crypto ETFs attracting a record $5.9 billion, demonstrating ongoing confidence in the market.
Notable Market Movements
- Zcash [ZEC] experienced a 66%+ jump, showcasing internal strength amidst the market chaos.
- Bitcoin [BTC] briefly surpassed $126k before being impacted by the market wipeout.
Crypto was a rollercoaster this week.
Institutional investments and new market developments, such as ICE's $2 billion investment in Polymarket and S&P's new crypto index, indicate a continued interest in the crypto space.
Author's summary: Crypto market experiences $19 billion wipeout.