Morning Minute: Crypto Rebounds as 'Black Monday' Looms

GM!

Today’s top news:

• Crypto majors rebound despite Black Monday fears; BTC at $82k
• Bitcoin ETFs see $228M in net outflows this past week; ETH ETFs lost $320M
• Circle plans to expand into 40 emerging market countries
• Papertrade leads onchain protocols in revenue on week with $30M
• Trenches index hits “cold” for first time since April

$83.9k$82.7k$81.4k$80.2k

24h HighHigh$83,035

24h LowLow$80,672

VolVol$1.2B

Market projectionsOdds by Myriad

📈 Crypto Rebounds as Black Monday Looms

Thirty-nine years ago today, the Dow fell 22.6% in a single session. Nobody saw it coming, and the notorious “Black Monday” turned into trading history.

Crypto enters that anniversary bruised but not broken. Bitcoin sits at $82,161, down just 1.4% on the week and actually up about 1% over the last 30 days. That’s the good news and it’s nearly the only good news.

Everything else got hit harder. Ethereum fell 5.3% to $2,415. BNB dropped 3.3%, Solana 6.2%, XRP 7.2%, Dogecoin 9.4%, Hyperliquid 8.6%, Zcash 13.2%. Across the majors, the average decline outside Bitcoin was 7.5%—roughly five times what BTC gave up.

Further out it gets ugly. Starknet lost 45% on the week, LayerZero 24%, Pump.fun 22%, Ethena 20%, Fetch 20%, Midnight 19%, Canton 18%, Jupiter 18%, Filecoin 17%, Raydium 18%. The top twelve weekly losers averaged losses of more than 20%. And all of this happened in just seven days.