Over the past few hours, more than $150 billion has evaporated from cryptocurrencies — a bad sign for the start of the week.
• BTC: -4.8%
• ETH: -10%
• SUN: -10.3%
• XRP: -6.8%
In the meantime, the Trump administration is unlikely to delay the start of tariffs.
More than 50 countries are in contact for negotiations.
The market is eagerly awaiting the start of futures trading
- | Pessimists are comparing the current moment to Black Monday 1987 🤯
The first movements are incredibly similar.
Tomorrow is Monday, and cryptos are already melting down before the opening.
It is difficult to imagine a crash of the same magnitude, but the feeling of fear is increasingly visible.
Equities have felt it enough
While cryptos are sinking, the Nasdaq has already fallen -24% since its recent top and is in bear market territory.
The big question of the moment : o will the movement continue?
- | And it's going to be a long week 🫣 What's still coming in the next few days:
• Consumer credit (Monday)
• Fed minutes (Wednesday)
• CPI (Thursday) 🚨
• PPI (Friday) 🚨
• US consumer sentiment (Friday)
• Bank earnings (Friday): JP Morgan $JPM, Morgan Stanley $MS, Wells Fargo $WFC, BlackRock $BLK
Every piece of data can light another spark.
- | The signs were there… 👀 Just for the record:
• Jamie Dimon sold $234 million worth of $JPM stock in February
• Two days later, Warren Buffett reported a record cash hoard of $334 billion
Movements of those who saw the tide turn before most.