What’s Making News This Week:
Trump’s tariffs. Markets tumble. Altcoins burn.
Just when things were starting to look more stable in the market, Trump’s latest move, a sweeping round of reciprocal tariffs, torched the global markets again.
His reasoning towards this decision? “They do it to us, we do it to them”.
One glance at the full list of affected countries and it’s clear to us that the market had no choice but to react.
The fallout was near instant.
The US stock market saw USD 2 trillion erased from its market cap just like that, and the crypto space wasn’t safe either.
We saw over USD 300 million worth of crypto liquidated in just a couple of hours!
The keyword for this week? Volatility, and lots of it.
Bitcoin’s price action on Wayex says it all. That sharp ditch was a gut-punch, especially considering all the bullish sentiment floating around the space, which we’ll cover below.
Sell-offs are part of the game in crypto, but this one definitely stung.
Is this a buying opportunity? Or are you waiting on the sidelines to see where things go?
Whether you're a short-term trader or a long-term HODL’r, understanding the macro backdrop is key. The smarter you are, the better you play the game.
Because when it comes to investing, the golden rule still stands: buy low, sell high.
And with Trump calling this “Liberation Day” for America, the market’s response was one we saw coming.
Want context? Ray Dalio’s take on tariffs is a must-read:
Ray Dalio explains tariffs →
Founder’s Corner:
Richard's Take
“Markets around the world are emotional right now. It is important to keep a level head when looking at how the market's moving, both in crypto and in traditional markets. Stay updated, and always be ready for the unexpected. Times like these can present opportunities, but it is always important to not DYOR”
We’ve just wrapped up the last of our Token Tuesday series. We hope those of you who followed us as we added more than 60 tokens in a few weeks enjoyed the new additions to Wayex. While Token Tuesday has ended, there will be more token releases still to come.
We’re also gearing up to launch new products over the coming months. We hope you will enjoy using what's coming.
Headlines That Caught Our Attention:
- Circle files for IPO. If approved, it’ll trade on the New York Stock Exchange (NYSE) under CRCL. The IPO’s valuation is expected to be between USD 4B to USD 5B.
- Mastercard brings crypto to the masses. The financial giant announced plans to launch a blockchain-based payments platform, similar to what Venmo does. This will allow users to send and receive stablecoins or digital assets with simple wallet usernames.
- PumpFun + PumpSwap now account for 20% of Solana DEX volume. The Pump ecosystem might be down from its USD 12B high, but $3.5B is still no joke. Plus, they recently released PumpFi, an Ape Now, Pay Later product.
- Jupiter’s Quick Accounts are also seen to be a DeFi game-changer, signless, embedded wallets with low fees.
- Bonk acquired Exchange Art, signalling memecoins are leaning into art & community infrastructure.
- Wayfinder’s PROMPT token launch is delayed slightly, aiming for fairness over fomo.
Top 10 Cryptos by Market Cap (as of 4 April 2025 (midday Friday)):
Here's a quick look at this week's leading cryptocurrencies, ranked by market cap.
Top 3 Gainers and Losers on Wayex
Fear & Greed Index:
This Week: 25 — Fear
Last Week: 27 — Fear
We’ve dipped even lower on the fear and greed scale this week.
While the drop isn’t massive, it’s a clear sign that sentiment is weakening, likely fuelled by the tariff news and recent market volatility.
Historically, extreme fear has often marked potential entry points for long-term investors.
But remember: fear can linger, and volatility doesn’t wait for comfort.
Stay sharp and stay informed.
😂 Funny Mentions:
You’ve got to laugh or you’ll cry...
- Even Antarctica isn’t safe from Trump’s Tarriffs. Yes, seriously.
👉 This meme had us cackling.
- For $20, you can Ghibli-fy your life, look at what someone did for Trump since he’s the talk of this week.
👉 Too cute not to share.
That’s a Wrap.
This week was wild, but chaos can bring opportunity. Staying informed can be your edge in a market like this.
Did you like this week's wrap? Share it with your friends and family. And if they’re not on Wayex yet, refer them, and you’ll both get $10 in Bitcoin when they sign up and start trading.
Get started today! Download the Wayex app and set up your card: app.wayex.com
**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by CryptoSpend to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of CryptoSpend products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
