Supra (SUPRA), the first all-in-one Multi-VM Layer 1 built for super decentralized applications (dApps), is up 25% daily and trades at $0.0066 at the time of writing on Friday. Although range-bound since early February, Cosmos Hub (ATOM) flaunts a bullish technical pattern likely to set it on a clear recovery path above $5.
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week. Volatility in the crypto market was fueled by United States (US) President Donald Trump’s tariff announcement on Wednesday, which has swept $200 billion from total market capitalization and triggered liquidations in the market. The US Bitcoin Spot Exchange Traded Funds (ETFs) recorded a total net outflow of $107.81 million until Thursday, signalling weakness in institutional demand.
The Trump administration has unveiled a new package of tariffs, and to the market’s surprise, it’s far harsher than expected. The new measures target developing economies in particular, and the structure of the tariffs appears chaotic and unpredictable. The result? The largest sell-off on the Nasdaq since the COVID era — dropping over 5.5% — and growing fears of a looming recession.