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GM to all of you nutcases. It’s Crypto Nutshell #563 flyin’ by… 🏎️ 🥜

We're the crypto newsletter that's more thrilling than surviving a dinosaur-infested island with nowhere to run... 🦖🌴

What we’ve cooked up for you today…

• 📉 What just happened?

• 🍟 Time for McDonald’s?

• 😱 Two in a row

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

WHAT JUST HAPPENED? 📉

BREAKING: Crypto sentiment sinks to ‘extreme fear’ as Trump says tariffs still on

Well that’s not good…

For the first time since November 2024, Bitcoin has fallen below $90,000.

Over $240 billion has been wiped off the total crypto market cap in the last 24 hours.

According to Coinglass, $1.35 billion in liquidations have hit the market, flushing out overleveraged traders left and right.

And it’s not just crypto feeling the pain. Literally everything is down right now. (Palantir stock is down ~10.53% today)

So what just happened?

Put simply: Trump and his tariffs…

During a press conference, Trump confirmed his 25% tariffs on Canada and Mexico are moving forward as planned.

As soon as this news dropped, markets went into complete freefall.

The uncertainty surrounding the tariff’s impact on global trade saw investors de-risking their investments.

Markets hate uncertainty…

But should we be worried?

We’ll be breaking that down in the next section…

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TIME FOR MCDONALD’S? 🍟

After today’s price action…

McDonald’s job applications are starting to look pretty tempting. 🍔🍟😂

According to technical analyst Pentoshi, that is:

In all seriousness - should we be worried?

Here’s Raoul Pal’s take:

We've pointed this out many times before. Our current cycle closely resembles 2017.

It only makes sense to expect similar pullbacks.

So what should we do?

Easy:

Nobody enjoys pullbacks, but that’s just crypto.

It’s happened countless times before, and it will happen again too.

In the long run, it's all just part of the cycle. 🎢

TWO IN A ROW 😱

Digital asset funds just saw another $508 million in net outflows, bringing the two-week total to $924 million.

Let’s break it down.

Bitcoin saw the majority of outflows this week, with $571 million exiting.

Interestingly, altcoins continued to see inflows…

XRP led the pack with inflows of $38.3 million.

Solana and Ethereum followed with inflows of $9.0m and $3.7m respectively.

As always, the United States was the focal point, with $560 million in net outflows.

While Germany, Switzerland and Australia all saw net inflows of $30.5m, $15.8m & $4.9m respectively.

So why are investors pulling out?

It all comes down to uncertainty, and as we mentioned earlier…

Markets hate uncertainty.

Trump’s tariffs, rising inflation, and Fed policy have financial markets on edge. (Not just crypto)

As a result, investors are exercising caution until things become a little more clear.

But here’s the interesting part…

These outflows only impacted Bitcoin.

Whilst altcoins continued their hot streak…

Something to watch closely in the coming weeks. 🤔 

CRACKING CRYPTO 🥜

Bybit restores Ethereum reserves following $1.4B breach, launches $140M bounty program. Bybit engages ethical hackers in a bounty program to recover stolen funds while freezing assets in collaboration with crypto platforms.

SEC Enforcement Division closes investigation into Robinhood Crypto. The investigation was dropped more than a month after Robinhood and the SEC reached a $45 million settlement.

USDe Stablecoin Developer Ethena Raises $100M. USDe's market cap has jumped to around $6 billion this month, becoming the third largest stablecoin behind Tether's USDT and Circle's USDC

CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC. Changpeng "CZ" Zhao, co-founder and former CEO of Binance, has unveiled his crypto portfolio on the crypto exchange giant's social platform.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

• Raremints (link) - Daily crypto news

• Bitcoin Breakdown (link) - Daily Bitcoin news

• Techpresso (link) - Daily tech news and insights

• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: A) USDT 🥳

USDT is currently the largest stablecoin with a market cap of ~$142.36 billion.

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HOW DID WE DO? 🤷

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.