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- Dgenz Crypto Weekly 024
Dgenz Crypto Weekly 024
Your go-to newsletter for crypto market updates, trends and analysis brought to you by DgenzNFT.
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Market Pulse
This week in crypto has been anything but quiet. Markets were briefly sent into a frenzy on Monday after a false report claiming Trump was considering a “90-day pause in tariffs” went viral, even being picked up by CNBC and Reuters. The fake news fuelled a staggering 8.5% surge in just half an hour on the S&P 500, briefly adding $3.6 trillion in value before markets reversed course and virtually finished flat. Trump later clarified he’s open to making “fair deals” and plans to initiate talks with 50 countries who have requested meetings. However, Trump’s idea of fair appears one-sided, having hit China with a staggering 104% tariff, only to be met with swift retaliation as China hit back with an 84% tariff on U.S. goods. In a major regulatory shift, the U.S. Department of Justice has disbanded its crypto enforcement team, stating it will no longer pursue criminal charges against exchanges, mixers, or cold wallet holders unless crimes like hacks, rug pulls, or scams are involved—potentially softening the landscape for privacy-preserving services like Tornado Cash. Meanwhile, PayPal and Venmo are expanding their crypto offerings, rolling out support for Solana and Chainlink alongside Bitcoin and Ethereum. PayPal also reaffirmed its goal of onboarding 20 million merchants to its PYUSD stablecoin by the end of 2025. And in Argentina, the LIBRA scandal has rocked President Javier Milei’s administration after the token—once valued at $4.5 billion—crashed nearly 90% in hours, wiping out over $250 million in user funds. Lawmakers have now voted to launch a full investigation, adding to Milei’s mounting crypto controversies following his past endorsement of the failed CoinX platform.
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Crypto Insights: Weekly Charts
USDT Dominance
$USDT.D is currently sitting in the middle of nowhere after its recent break of structure on Sunday. Although, from here I still think we go higher first to test that resistance at 6.4% before we come back down to fill out the daily fair value gap and wick back into our previous resistance at around 5.5%. With China and the U.S. going back and forth slapping each other with higher and higher tariffs the market is surely to be risk off until we see some sort of serious resolution.
The USDT.D chart shows the market dominance of Tether (USDT), indicating the proportion of crypto market value held in Tether and reflecting investor sentiment towards risk, as higher dominance often signals a move towards stability.
Others Dominance
As I mentioned in our NFT holders exclusive Discord server the other day we put in a deviation below support at 7.79% and before I even look to take any longs again I will be waiting for a daily retest of said support first. Even then, these would only be short term or scalp plays to catch the bounce back up. Don’t get it twisted, we are still in a clear downtrend so fighting against the trend should be with less risk than normal. As for swing plays, a good spot to take shorts would be waiting until we get a bearish retest of the resistance at 8.35%.
The OTHERS.D chart highlights the market share of altcoins outside the top 10 by market cap, giving investors insight into capital flow and interest in the broader crypto market.
TOTAL2
Just like we saw on $USDT.D, the $TOTAL2 also had a break of structure through its lows on Sunday, although it did bounce off support. Depending on today’s candle close we should see $TOTAL2 come back up to fill the daily fair value gap lying just below our previous support at $968B before we continue back down again.
The TOTAL2 chart shows the market cap of all cryptocurrencies excluding Bitcoin, offering insight into the altcoin market's health. A rising TOTAL2 often signals increased interest in altcoins, while a decline may indicate a shift back to Bitcoin or reduced altcoin investment.
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