Bitcoin’s dream run feels like a distant memory as it crashes below $80K, mirroring the broader market sell-off triggered by Trump’s tariff onslaught. BTC nosedived from $82K to a daily low of $76.8K, dragging ETH down 16.6% to levels last seen in November 2023. Nearly $1B in liquidations later, Arthur Hayes and other permabulls are calling it a routine bull market shakeout. With CPI data dropping tomorrow and the Fed’s policy meeting looming, the market’s next move is anyone’s guess.

Over on Solana, memecoin fever is breaking, and so is the chain’s revenue. Weekly earnings have cratered 93% from January’s $55M peak to a meager $4M. Pump.fun is still churning out tokens, but at a fraction of its former glory -  26k launches today versus 72K at the peak, with only a handful making it to Raydium. SOL isn’t faring any better, plummeting 57.7% from its ATH of $293, proving that what goes up - especially in the memecoin casino - comes down just as hard.

Meanwhile, market sentiment is a mixed bag. While some see this as a necessary reset before the next leg up, others warn that liquidity is drying up fast, leaving overleveraged traders with little room to breathe. With macro uncertainty and rate decisions on the horizon, the crypto market’s resilience is about to be tested once again.