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The global crypto market lost nearly $125 billion in value within hours on Friday after US President Donald Trump announced plans for a “massive” increase in tariffs on Chinese imports and canceled his upcoming meeting with President Xi Jinping.Bitcoin and Ethereum led the decline as risk assets sold off sharply following Trump’s remarks. Sponsored Trump’s Trade War Fear Crashes Financial MarketsThe total crypto market capitalization dropped from around $4.27 trillion to $4.10 trillion, according to CoinGecko. The move mirrored Wall Street’s reaction, where the S&P 500 erased $1.2 trillion in value in 40 minutes. What just happened?At 10:57 AM ET, President…

Ten of the world’s largest banks, including Citi, Deutsche Bank, UBS, Barclays, MUFG, Santander, and Bank of America, are exploring the launch of stablecoins pegged to major G7 currencies. The initiative aims to create a network of interoperable digital tokens backed 1:1 by fiat reserves such as the US dollar, euro, pound, and yen.The project is still in its exploratory phase. But it marks the first serious attempt by the global banking sector to enter the stablecoin market dominated by Tether and Circle. If realized, it could redefine how banks handle cross-border settlements and digital assets.Sponsored The Good: Why the G7…

Weekends often bring quieter trading, but that also means sharper moves for those paying attention. While most of the market has stayed choppy, more so with BTC correcting almost 4% from its all-time high, a few altcoins to watch are flashing signs that deserve a closer look.From breakout formations to renewed whale activity and fresh smart money accumulation, these three coins show short-term setups that could extend over the next 48 hours.Sponsored SponsoredZora (ZORA)ZORA is a creator-focused token in the Base network that has caught strong attention this week. The token has surged more than 73% in the past 24…

XRP trades near $2.83 as bullish momentum builds. Charts show rising RSI, price compression, and a $4 breakout target in focus. XRP was trading around $2.83 at press time, with a 24-hour volume of $4.7 billion. The asset is slightly higher on the day but still shows a 7% drop over the last week. Traders are watching key chart levels as momentum builds around major resistance zones. Long-Term Chart Builds Case for Higher Targets Analyst EGRAG CRYPTO shared a monthly chart showing both price and RSI moving in the same direction. The price trend is climbing steadily, with a…

Paul Atkins wants to cement his vision for the crypto markets before political tides shift again in Washington. As the new chair of the US Securities and Exchange Commission, he’s moving quickly to “future-proof” SEC policies,  a push that could define how much freedom the crypto industry enjoys after President Donald Trump leaves office.In a conference hosted by the Managed Funds Association in New York on Tuesday, Atkins said the SEC would work quickly to adopt rules that could “future-proof” his agenda. He specifically referred to removing or weakening regulations on public and private markets, both of which could impact…

Donald Trump is reportedly considering granting a presidential pardon to Binance founder Changpeng “CZ” Zhao. According to the White House rumors, Senior aides are said to be divided over the move. There are debates about potential backlash from regulators and lawmakers who view CZ’s conviction as a landmark case in financial crime enforcement.Sponsored CZ’s Sentencing and Legal HistoryIf granted, the pardon would effectively clear Zhao’s federal conviction despite his having already served his sentence. Zhao, the former CEO of Binance, pleaded guilty in 2023 to violating the Bank Secrecy Act for failing to maintain an adequate anti-money-laundering program.  SCOOP: People close to…

The cryptocurrency market, a landscape famed for its volatility and rapid innovation, operates on a rhythm dictated by the dominance of Bitcoin and the subsequent explosion of Altcoins. This pattern is proof that the market still moves to BTC’s beat, positioning it as the unseen conductor of this vast digital sector. How Bitcoin Dominance Peaks Before Altcoin Euphoria In an X post, Swissblock has mentioned that the Bitcoin and Altcoin cycle continues to indicate that the crypto market remains firmly anchored to BTC dominance. Despite the rise of narratives and market behavior, the market is now approaching the full BTC…

ZEC is the top gainer in the past week, while BNB flipped XRP. It was another eventful week in the cryptocurrency markets, as two of the leaders managed to break into uncharted territory before staging a minor pullback. But first, let’s rewind the clocks to the previous week, which marked the beginning of October, often referred to as Uptober in the digital asset community. BTC had already recovered some of the mid-September losses, but only doubled down and surged to $120,000 for the first time since August. On Friday alone, it went from $120,000 to $124,000 but failed to…

Binance data shows that Bitcoin’s emotional index is climbing sharply. Bitcoin (BTC) pulled back on Friday as traders locked in profits following its surge to fresh record highs earlier this week. Despite this, market fear appears to be fading fast, as evidenced by Binance’s data, which shows Bitcoin’s emotional strength turning positive. This could also mean that investors may be gearing up for another rally. BTC Emotional Strength Hits Positive Territory Investor sentiment toward BTC is showing a decisive turnaround, according to fresh data from Binance, the world’s largest and most liquid cryptocurrency exchange. Since the start of October,…

The liquidations are up to $250 million in just an hour. Bitcoin’s price took a turn for the worse over the past hour or so after US President Donald Trump threatened China with a new set of tariffs. The POTUS said that Beijing is being “very hostile,” and said he always felt that they were lying. PRESIDENT TRUMP’S STATEMENT ON CHINA JUST NOW: 1. China is “becoming very hostile” and controlling rare earths 2. “Always felt that China is lying, and now, as usual, I have been proven right” 3. China is “holding the world captive” in a “monopoly…