Crypto Market Plunges Over the Weekend — Here’s What You Need to Know

Key Takeaways:

• Bitcoin and Ethereum lead a sharp weekend selloff amid tariff escalation

• Over $7 billion in leveraged positions liquidated in 24 hours

• BTC stabilizes after hitting key support at 100,000

Market Summary:

The cryptocurrency market was rocked over the weekend, The selloff erased billions in market capitalization, sending shockwaves across digital asset markets.

Rare earth elements remain a major sticking point in bilateral negotiations, given their importance in producing smartphones, electric vehicles, military equipment, and renewable energy technology. The renewed trade confrontation intensified selling pressure across global markets, with cryptocurrencies taking the hardest hit.

Bitcoin (BTC) and Ethereum (ETH) tumbled sharply, while smaller altcoins and meme tokens faced even deeper losses. More than $7 billion in leveraged long positions were liquidated as prices plunged, marking one of the largest liquidation events this year. Despite the heavy losses, BTC/USD later found support near the key 100,000 psychological level, rebounding modestly as bargain hunters stepped in.

Looking ahead, traders will closely watch for signs of progress in potential U.S.–China trade negotiations, which could dictate broader market sentiment and near-term direction for crypto assets.