Crypto markets experienced extreme volatility with $500B in gains followed by $110B in losses in 20 minutes, coinciding with Trump's Crypto Summit, despite no major headline catalyst.
Macro & Markets ·
Between May 1st and August 19th, crypto markets remained effectively flat across 110 consecutive days before reversing sharply higher on the day of President Trump's Crypto Summit. The rally saw the market add $500 billion in cap from its low before collapsing $110 billion in a 20-minute span, marking the 7th largest liquidation event in history. These swings occurred without any major news catalysts in the crypto space during the period.