Last week in the news
Tariffs 2.0 are again moving markets to the negative territory. Investors weighed how much negative impact they could impose on the U.S. economy and on Friday's trading session closed the S&P 500 2,71% lower. A massive selloff was also triggered on the crypto market, where the majority of altcoins lost even 70%-90% in value within only a few hours. BTC shortly dropped to the level of $105K, but ended the week above the $112K. The U.S. Treasury benchmark yields dropped to the level of 4,0%. The only asset which continues to benefit from market uncertainty is the price of gold, which for one more time reached the all-time highest level at $4.050.
The U.S. Government continues to be in the state of “shutdown” for more than 10 days now, so there are still no releases of important U.S. macro data. However, the announcements on social networks from the U.S. President continue to shake markets. In Tariffs 2.0, started on Friday, he announced a potential 100% tariffs on imports from China. This was the moment when the significant sell off started of the US equities, while investors were weighing how much impact a 100% tariffs could have on the US economy. Tech companies were the ones hit the most negatively.
The story regarding Berkshire Hathaway selling US stocks and stockpiling cash was catching market attention during this year. Its founder Warren Buffet recently noted that he is ready to invest and is investing into Japanese stock. During the previous week, CNBC posted news that Berkshire Hathaway's investments in Japan's five major trading houses—Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo—have surpassed $30 billion, reflecting Warren Buffett's long-term commitment to these diversified conglomerates. These holdings have become Berkshire's largest non-U.S. equity positions, with a combined market value of $23.5 billion at the end of 2024.Buffett has praised the trading houses for their shareholder-friendly policies and capital deployment strategies. He has also implemented a currency-neutral strategy by issuing yen-denominated bonds to hedge against exchange rate fluctuations. Berkshire's annual dividend income from these investments is projected to be around $812 million. Despite some fluctuations in share prices, these investments align with Buffett's preference for long-term, value-oriented opportunities in stable, diversified businesses.
Apple is reportedly nearing an agreement to acquire Prompt AI, an artificial intelligence start-up specializing in talent management technology. This move aligns with Apple's broader strategy to bolster its AI capabilities, as CEO Tim Cook has expressed openness to acquisitions that accelerate the company's AI roadmap. The acquisition would enhance Apple's AI infrastructure, complementing its previous integrations such as the partnership with Alibaba to introduce AI features in iPhones sold in China.
CRYPTO MARKET
Tough week for the crypto market. The third largest selloff occurred on Friday. News are reporting that in the largest crypto liquidation event to date, over 1,000 wallets on Hyperliquid were completely wiped out, and 6,300 others are now in the red, with 205 losing more than $1 million each. Triggered by President Trump's announcement of additional tariffs on Chinese imports, the sell-off erased over $1.23 billion in trader capital on Hyperliquid and $19 billion across the broader crypto market within 24 hours. The majority of liquidations were long positions, highlighting the market's bullish sentiment prior to the downturn. Similar situation is also with other crypto exchanges. It was a massive, completely unexpected event.
Total crypto market capitalization is closing the week 10% lower from the end of the previous week, with an outflow of $398B. Daily trading volumes were more than doubled as of the end of the week, trading around $986B on Friday, while the week before was closed with total turnover of $386B. Total crypto market capitalization increase from the beginning of this year currently stands at +15%, with a total funds inflow of $472B.
The week of extremes led to a significant drop in value of the majority of coins. BTC lost almost 8% w/w, with total funds outflow of $194B. ETH lost more, with a drop in value of 14,3% and funds outflow of 77%. All major altcoins were also on a losing side. Just to mention some like Solana, with a drop of 19%, XRP was down by 16%, ADA dropped by 22%, DOGE decreased its value by more than 22%. Interestingly, ZCash continued to significantly gain in strength, second week in a row, adding additional 73% to its value. DASH was another rare coin, which managed to gain 34% on a weekly basis. For some reason, BNB managed to stay intact during this selloff, actually increasing its value by 2,6% on a weekly basis.
There has also been significantly increased activity with coins in circulation. BTC increased its numbers of coins on the market by 0,1% w/w or 10.000 coins. Solana also added 0,2% new coins to the market, while Filecoin increased its circulating coins by 1,2% this week. DASH, Stellar and ZCash added 0,1% new coins to the market.
Crypto futures market
The crypto futures market softened over the week, though the correction remained relatively moderate compared to the sharp sell-off that struck the spot market on Friday. Both BTC and ETH futures declined along the curve but retained levels that continue to signal underlying confidence in longer-term valuations.
BTC futures fell between -5,08% and -5,4% w/w, with the largest losses observed in futures maturing through late 2025. The October futures closed at $116.990, while March 2027 at $127.635. Despite the pullback, prices remained comfortably above recent support levels, and the curve preserved its gradual upward slope. The relative stability in longer-dated maturities suggests that traders continue to anticipate higher BTC valuations over the medium term one.
ETH futures experienced a steeper adjustment, declining between -11,7% and -12% w/w across maturities. The October 2025 futures ended the week at $4.007, while March 2027 closed at $4.460. Even with the broader market weakness, ETH futures continued to trade above the psychologically important $4K mark, underscoring resilience in expectations for the coin's longer-term trajectory.
As a conclusion to recent developments on the crypto spot market, it should be noted that while the Friday spot market sell-off was both sudden and stronger than anticipated, futures prices did not fully mirror the decline. This divergence indicates that market participants may view the move as temporary rather than structural, maintaining confidence that current weakness could prove to be a short-lived phase within the broader recovery trend.
Tariffs 2.0 are again moving markets to the negative territory. Investors weighed how much negative impact they could impose on the U.S. economy and on Friday's trading session closed the S&P 500 2,71% lower. A massive selloff was also triggered on the crypto market, where the majority of altcoins lost even 70%-90% in value within only a few hours. BTC shortly dropped to the level of $105K, but ended the week above the $112K. The U.S. Treasury benchmark yields dropped to the level of 4,0%. The only asset which continues to benefit from market uncertainty is the price of gold, which for one more time reached the all-time highest level at $4.050.
The U.S. Government continues to be in the state of “shutdown” for more than 10 days now, so there are still no releases of important U.S. macro data. However, the announcements on social networks from the U.S. President continue to shake markets. In Tariffs 2.0, started on Friday, he announced a potential 100% tariffs on imports from China. This was the moment when the significant sell off started of the US equities, while investors were weighing how much impact a 100% tariffs could have on the US economy. Tech companies were the ones hit the most negatively.
The story regarding Berkshire Hathaway selling US stocks and stockpiling cash was catching market attention during this year. Its founder Warren Buffet recently noted that he is ready to invest and is investing into Japanese stock. During the previous week, CNBC posted news that Berkshire Hathaway's investments in Japan's five major trading houses—Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo—have surpassed $30 billion, reflecting Warren Buffett's long-term commitment to these diversified conglomerates. These holdings have become Berkshire's largest non-U.S. equity positions, with a combined market value of $23.5 billion at the end of 2024.Buffett has praised the trading houses for their shareholder-friendly policies and capital deployment strategies. He has also implemented a currency-neutral strategy by issuing yen-denominated bonds to hedge against exchange rate fluctuations. Berkshire's annual dividend income from these investments is projected to be around $812 million. Despite some fluctuations in share prices, these investments align with Buffett's preference for long-term, value-oriented opportunities in stable, diversified businesses.
Apple is reportedly nearing an agreement to acquire Prompt AI, an artificial intelligence start-up specializing in talent management technology. This move aligns with Apple's broader strategy to bolster its AI capabilities, as CEO Tim Cook has expressed openness to acquisitions that accelerate the company's AI roadmap. The acquisition would enhance Apple's AI infrastructure, complementing its previous integrations such as the partnership with Alibaba to introduce AI features in iPhones sold in China.
CRYPTO MARKET
Tough week for the crypto market. The third largest selloff occurred on Friday. News are reporting that in the largest crypto liquidation event to date, over 1,000 wallets on Hyperliquid were completely wiped out, and 6,300 others are now in the red, with 205 losing more than $1 million each. Triggered by President Trump's announcement of additional tariffs on Chinese imports, the sell-off erased over $1.23 billion in trader capital on Hyperliquid and $19 billion across the broader crypto market within 24 hours. The majority of liquidations were long positions, highlighting the market's bullish sentiment prior to the downturn. Similar situation is also with other crypto exchanges. It was a massive, completely unexpected event.
Total crypto market capitalization is closing the week 10% lower from the end of the previous week, with an outflow of $398B. Daily trading volumes were more than doubled as of the end of the week, trading around $986B on Friday, while the week before was closed with total turnover of $386B. Total crypto market capitalization increase from the beginning of this year currently stands at +15%, with a total funds inflow of $472B.
The week of extremes led to a significant drop in value of the majority of coins. BTC lost almost 8% w/w, with total funds outflow of $194B. ETH lost more, with a drop in value of 14,3% and funds outflow of 77%. All major altcoins were also on a losing side. Just to mention some like Solana, with a drop of 19%, XRP was down by 16%, ADA dropped by 22%, DOGE decreased its value by more than 22%. Interestingly, ZCash continued to significantly gain in strength, second week in a row, adding additional 73% to its value. DASH was another rare coin, which managed to gain 34% on a weekly basis. For some reason, BNB managed to stay intact during this selloff, actually increasing its value by 2,6% on a weekly basis.
There has also been significantly increased activity with coins in circulation. BTC increased its numbers of coins on the market by 0,1% w/w or 10.000 coins. Solana also added 0,2% new coins to the market, while Filecoin increased its circulating coins by 1,2% this week. DASH, Stellar and ZCash added 0,1% new coins to the market.
Crypto futures market
The crypto futures market softened over the week, though the correction remained relatively moderate compared to the sharp sell-off that struck the spot market on Friday. Both BTC and ETH futures declined along the curve but retained levels that continue to signal underlying confidence in longer-term valuations.
BTC futures fell between -5,08% and -5,4% w/w, with the largest losses observed in futures maturing through late 2025. The October futures closed at $116.990, while March 2027 at $127.635. Despite the pullback, prices remained comfortably above recent support levels, and the curve preserved its gradual upward slope. The relative stability in longer-dated maturities suggests that traders continue to anticipate higher BTC valuations over the medium term one.
ETH futures experienced a steeper adjustment, declining between -11,7% and -12% w/w across maturities. The October 2025 futures ended the week at $4.007, while March 2027 closed at $4.460. Even with the broader market weakness, ETH futures continued to trade above the psychologically important $4K mark, underscoring resilience in expectations for the coin's longer-term trajectory.
As a conclusion to recent developments on the crypto spot market, it should be noted that while the Friday spot market sell-off was both sudden and stronger than anticipated, futures prices did not fully mirror the decline. This divergence indicates that market participants may view the move as temporary rather than structural, maintaining confidence that current weakness could prove to be a short-lived phase within the broader recovery trend.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.