Last week in the news
Tariffs rollercoaster continued also during the previous week, with a glimpse of improved market sentiment. However, analysts are now questioning whether optimism is sustainable at this moment? The US Dollar significantly lost in value during the week, bringing the price of gold to its fresh, new all time highest level at $3.240. The US Treasuries had a strong reaction, where the 10Y benchmark yields continued to surge, ending the week at 4,49%. The US equities had another rollercoaster week. On Wednesday, the S&P 500 had an upside move of around 10%, which is extremely rarely seen on the equity markets. The index closed the week at the level of 5.363, after reaching its lowest weekly level at 4.845. The crypto market was also affected with the negative sentiment at the beginning of the week, but still, as of the week-end BTC managed to test the $85K resistance.
All macroeconomic news are put aside at this moment, as the market is looking only at word “tariffs”, which is currently the most popular word also among world leaders. The US Administration said that they will put tariffs on hold for the majority of countries for the next 90 days, except for China. Another news is related to decreased tariffs to 10% which will now be imposed on the majority of countries in the world. However a tariffs-war between the US and China continues. At this moment, the latest news is that the US is imposing tariffs of 145% to China, while China is imposing tariffs of 125% on goods imported from the US. Whether this is going to be the final tariff outcome, no one knows. As per comments from China officials, they are not ready to back up. The Chinese finance minister commented “Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of the world economy”. Many analysts agree with the absurdity of such high tariffs, while there are few who still believe in the “Art of the deal”.
Negative effects of tariff war are already reflected on the US supply chain. Majority of goods imported from China cannot be distributed further to retail stores, as companies are not sure which tariffs to apply. On the other side are mortgage loans, which surged to the level of 7% for the period of 30 years. The University of Michigan Consumer Sentiment results were posted during the previous week, with surprisingly lower figures from expected one. Certainly, currently most important are inflation expectations of US consumers, which surged to the level of 6,7% from 5% expectations in March.
The recession fears are again among investors. The famous US investor and CEO of BlackRock, Larry Fink, noted during the previous week in an interview his opinion that the US is “very close, if not in, a recession now”. Regardless of the current sentiment, he thinks that “megatrends” in the US economy, like artificial intelligence, would persist.
Crypto market cap
CRYPTO MARKET
Two weeks ago the crypto market was left behind investors' view during the general sell off on traditional markets, however, the situation changed during the start of the previous week. Some optimism came at the week-end, bringing another highly volatile week on the crypto market. Total crypto market capitalization was increased by 2% on a weekly basis, mostly due to the surge of BTC at Saturdays trading session, bringing additional $ 44B to the market cap. Daily trading volumes remained relatively stable compared to the week before, moving around $130B on a daily basis. Total crypto market increase from the beginning of this year, currently stands at -18%, with $567B outflow of funds.
Previous week was generally the volatile one, with almost equal numbers of coins which ended the week in red, and those with a green weekly gain. BTC gained mostly at Saturday's trading session, where it managed to end the week with a 2,3% weekly gain in market capitalization, bringing almost $ 40B to its market cap. On the opposite side was ETH, which lost significantly during the week, decreasing its market cap by 8,1% or almost $18B. At the same time, XRP was traded flat during the week, same as BNB. Among significant gainers was Solana, with a surge in market cap of more than 10%, or $6,3B. Maker was up by 5,3%, while Algorand surged by 4,5%. Among weekly losers were Monero, with a drop of more than 3%, Theta was down by 2,6%, same as Stellar. This week Uniswap and Stellar also closed the week in red, with a drop of around 5%.
With respect to coins in circulation, this week, both XRP and Stellar increased their number of coins on the market by 0,2%. Solana also had an increase in the number of coins of 0,3%, while Filecoin, traditionally is increasing its circulating coins, this week by 0,4%.
Crypto futures market
The negative sentiment from the spot market was also reflected in the crypto futures. This week was different for BTC futures, as there has not been evident the same level, linear drop in the value of futures for all maturities. The short term futures had a modest weekly decrease of around 0,5%. At the same time December 2025 ended the week by 1,3% lower, at the level of $87.695. Longer maturities had a larger weekly drop in the value of futures of more than 4%. In this sense, December 2026 closed the week at $93.115, or 4,7% lower. On a positive side is that longer term maturities are still managing to hold above the $90K levels.
ETH futures had a linear decrease in the value of future contacts by more than 13% for all maturities. December 2025 ended the week at the level of $1.650, while December 2026 was last traded at $1.778.
Tariffs rollercoaster continued also during the previous week, with a glimpse of improved market sentiment. However, analysts are now questioning whether optimism is sustainable at this moment? The US Dollar significantly lost in value during the week, bringing the price of gold to its fresh, new all time highest level at $3.240. The US Treasuries had a strong reaction, where the 10Y benchmark yields continued to surge, ending the week at 4,49%. The US equities had another rollercoaster week. On Wednesday, the S&P 500 had an upside move of around 10%, which is extremely rarely seen on the equity markets. The index closed the week at the level of 5.363, after reaching its lowest weekly level at 4.845. The crypto market was also affected with the negative sentiment at the beginning of the week, but still, as of the week-end BTC managed to test the $85K resistance.
All macroeconomic news are put aside at this moment, as the market is looking only at word “tariffs”, which is currently the most popular word also among world leaders. The US Administration said that they will put tariffs on hold for the majority of countries for the next 90 days, except for China. Another news is related to decreased tariffs to 10% which will now be imposed on the majority of countries in the world. However a tariffs-war between the US and China continues. At this moment, the latest news is that the US is imposing tariffs of 145% to China, while China is imposing tariffs of 125% on goods imported from the US. Whether this is going to be the final tariff outcome, no one knows. As per comments from China officials, they are not ready to back up. The Chinese finance minister commented “Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of the world economy”. Many analysts agree with the absurdity of such high tariffs, while there are few who still believe in the “Art of the deal”.
Negative effects of tariff war are already reflected on the US supply chain. Majority of goods imported from China cannot be distributed further to retail stores, as companies are not sure which tariffs to apply. On the other side are mortgage loans, which surged to the level of 7% for the period of 30 years. The University of Michigan Consumer Sentiment results were posted during the previous week, with surprisingly lower figures from expected one. Certainly, currently most important are inflation expectations of US consumers, which surged to the level of 6,7% from 5% expectations in March.
The recession fears are again among investors. The famous US investor and CEO of BlackRock, Larry Fink, noted during the previous week in an interview his opinion that the US is “very close, if not in, a recession now”. Regardless of the current sentiment, he thinks that “megatrends” in the US economy, like artificial intelligence, would persist.
Crypto market cap
CRYPTO MARKET
Two weeks ago the crypto market was left behind investors' view during the general sell off on traditional markets, however, the situation changed during the start of the previous week. Some optimism came at the week-end, bringing another highly volatile week on the crypto market. Total crypto market capitalization was increased by 2% on a weekly basis, mostly due to the surge of BTC at Saturdays trading session, bringing additional $ 44B to the market cap. Daily trading volumes remained relatively stable compared to the week before, moving around $130B on a daily basis. Total crypto market increase from the beginning of this year, currently stands at -18%, with $567B outflow of funds.
Previous week was generally the volatile one, with almost equal numbers of coins which ended the week in red, and those with a green weekly gain. BTC gained mostly at Saturday's trading session, where it managed to end the week with a 2,3% weekly gain in market capitalization, bringing almost $ 40B to its market cap. On the opposite side was ETH, which lost significantly during the week, decreasing its market cap by 8,1% or almost $18B. At the same time, XRP was traded flat during the week, same as BNB. Among significant gainers was Solana, with a surge in market cap of more than 10%, or $6,3B. Maker was up by 5,3%, while Algorand surged by 4,5%. Among weekly losers were Monero, with a drop of more than 3%, Theta was down by 2,6%, same as Stellar. This week Uniswap and Stellar also closed the week in red, with a drop of around 5%.
With respect to coins in circulation, this week, both XRP and Stellar increased their number of coins on the market by 0,2%. Solana also had an increase in the number of coins of 0,3%, while Filecoin, traditionally is increasing its circulating coins, this week by 0,4%.
Crypto futures market
The negative sentiment from the spot market was also reflected in the crypto futures. This week was different for BTC futures, as there has not been evident the same level, linear drop in the value of futures for all maturities. The short term futures had a modest weekly decrease of around 0,5%. At the same time December 2025 ended the week by 1,3% lower, at the level of $87.695. Longer maturities had a larger weekly drop in the value of futures of more than 4%. In this sense, December 2026 closed the week at $93.115, or 4,7% lower. On a positive side is that longer term maturities are still managing to hold above the $90K levels.
ETH futures had a linear decrease in the value of future contacts by more than 13% for all maturities. December 2025 ended the week at the level of $1.650, while December 2026 was last traded at $1.778.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.