Crypto Chaos: A Weekend Recap of Market Woes
By the way, how funny is this AI generated image of a bitcoin with a face. lol. By this time the market may be shifting, as I have observed this AM. We will do our best to produce news to the day.
Alright, so the weekend in the crypto market was... wild, to say the least. If you’ve been checking out the charts, you’ll notice a clear drop in total market cap starting late last week. The big question is: why?
First off, it’s partly tied to global events. Trump announced sweeping tariffs on imports, which sent shockwaves across not just the stock market but also crypto. People are calling this the 'climax of uncertainty.' It's like everyone’s holding their breath, waiting to see how things pan out.
Then there’s China—never one to stay quiet in these situations. They just slapped a 34% tariff on U.S. goods, which has rippled through the global economy, adding even more tension. Honestly, it’s hitting blockchain innovation too, as investors are getting a bit skittish.
And if we zoom in on the charts, the patterns aren’t exactly inspiring confidence. There’s this classic bear flag pattern—basically, it’s a signal for potential downside. Combine that with fears of sticky inflation and recession, and yeah, it’s not the most optimistic vibe out there.
For some perspective, the crypto market lost over $130 billion in market cap just last week. Big names like BTC and ETH weren’t spared—they took pretty heavy hits. But this isn’t just about crypto; it’s tied to the broader economic uncertainty from these tariffs and macro conditions.
So yeah, not a great weekend for the market, but honestly, it’s nothing we haven’t seen before. The market’s always been volatile, especially with these external pressures. It’ll be interesting to see if investor confidence bounces back in the next few weeks.
Check out this chart: 
Bitcoin's 30-day trend reveals a roughly 9% decline, driven by bearish sentiment, key resistance at ~$96,515, support at ~$76,555, oversold RSI signals, and external pressures like tariffs and inflation fears. It hurts i know.