Crypto Market Weekly Recap
This week saw a significant $19 billion market wipeout.
Top gainers included Zcash [ZEC], Memecore [M], and Tether Gold [XAUt], while DoubleZero [2Z] and Pump.fun [PUMP] experienced declines.
Despite the turmoil, institutions continued to invest, with crypto ETFs pulling in a record $5.9 billion.
Crypto was a rollercoaster this week.
Notable Performers
- Zcash [ZEC] saw a 66%+ jump, demonstrating internal strength.
- Bitcoin [BTC] briefly surpassed $126k before the market wipeout.
Institutions and regulators remained active, with ICE investing $2 billion in Polymarket and S&P introducing a new crypto index.
Author's summary: Crypto market sees $19 billion wipeout.