The week started with recovery from the prior weekend's historic $19B liquidation event (triggered by Trump's 100% tariff threats on Chinese imports), but tensions persisted. Bitcoin fell to $104,600 (down 15% intraday), Ethereum dropped 21%, and over $400M in additional positions were liquidated across the week.
Exchanges like Coinbase faced outages due to an AWS disruption, amplifying the chaos. Analysts noted this as the largest 24-hour wipeout in crypto history, nine times bigger than February 2025's crash.
Other than that, there was not any major price movement, as market participants are digesting the shock.
Crypto in focus this week:
BTC/USD: Trend continuation attempt
ADA/USD: Trend continuation attempt
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