Weekly: Trump’s tariffs overturned, quantum risk, and a wave of negative indicators

It was a tense week, but without any pretty impulses. Bitcoin spent most of the time in a range, while the metrics and headlines kept saying the same thing: people aren’t rushing to take risk, and altcoins are seeing a hard sell-off.

Bitcoin: the price is flat, the tension is rising

This week BTC traded between roughly $70,000 and $65,500, and by the end it was holding near $68,100. It’s that situation where the market doesn’t look like it’s falling into an abyss, but any trigger can easily break the balance.

Liquidity risk and a weird Sharpe signal

One indicator analysts highlighted was Bitcoin’s Sharpe Ratio sitting deep in the red. On its own it doesn’t give you a forecast, but it describes the context well: returns aren’t compensating for risk, and in that state the market often reacts слишком sharply to liquidity headlines.

Why the BTC-to-zero topic is back right now

Search interest in a Bitcoin-to-zero scenario jumped this week to peaks previously seen during stress points in past cycles. It doesn’t mean people truly expect zero; it just means there’s more fear than plans in the feed.

The quantum topic surfaced again

This week there was a lot of talk about quantum computing and the risk to ECDSA signatures. The main fear isn’t that someone breaks Bitcoin tomorrow, but how the market would react to the very idea of migrating to quantum-resistant signatures.

Another sharp point people discussed: old addresses and lost coins. If you imagine a scenario where quantum tools become real, questions come up about the fate of large pools of early BTC and whether the network would have to close that hole through rule changes.

Altcoins: seller pressure at a 5-year high

Altcoins look the worst. Estimates show sellers have been dominating at the strongest level in the last five years, and the cumulative difference between buys and sells in altcoins excluding Ethereum has sunk deep into the negative. At the same time, social media is flooded with negativity, which усилює the herd effect.

Down $730B in market cap in under 100 days

Analysts estimate the market has contracted by more than $730B in less than 100 days. Bitcoin’s drop was one of the largest in dollar terms, but what looks more painful is how top alts and the mid-cap segment sank. There, the move doesn’t look like a correction; it looks more like demand getting washed out.

The court and Trump’s tariffs

News about cancelling a significant portion of the tariffs caused a brief move, but crypto didn’t run higher. The reaction was restrained: there’s an impulse, but no follow-through. That’s typical for a market that isn’t ready to buy long stories without liquidity confirmation.

Regulation: the U.S. accelerates, Poland brakes

In the U.S., people are again talking about deadlines for the CLARITY Act and an attempt to systematically define the crypto market structure. If it passes, there will be fewer gray zones between regulators and participant roles.

In Poland it’s the opposite: the president vetoed a cryptoassets bill again. For local companies, that means another round of uncertainty around rules and how the country aligns with the MiCA framework.

85% of 2025 tokens are below their start

Another unpleasant number: most tokens launched in 2025 are now trading below their starting levels. And an important detail: backing from top funds no longer works like an automatic pass to growth. The market stopped buying labels.

Ethereum Foundation: three priorities for 2026

The foundation has a clear focus: scaling, UX, and hardening L1. It’s not a new idea, but it matters that they’re formalizing it as three separate tracks and moving systematically.

AI and smart contracts: tools are growing, mistakes are expensive

On one side, solutions are appearing that let AI agents perform onchain actions and cross-chain ops without handing over control of funds. On the other side, this same week reminded everyone that one oracle or configuration mistake can cost millions and trigger a liquidation cascade.

Ukraine: a crypto money-laundering case

Separately, a NABU case surfaced involving laundering funds using crypto tools. It’s another marker of why AML and source-of-funds control aren’t going anywhere, even when the market is flat.

Kursoff’s take

This week isn’t about catching the perfect entry point. It’s about the market punishing haste right now. If you’re not trading every day, the best choice is basic: keep risk under control, keep leverage minimal, hold more liquidity, and put less faith in pretty narratives without numbers.