After a tough week, crypto markets are seeing modest gains, driven by profit-taking from shorts and some positive economic data. A decrease in consumer sentiment signals potential changes in Federal Reserve policy, which may impact interest rates. Bitcoin's volatility continues as leverage in derivatives trading raises concerns about its stability.

Financial markets are experiencing significant fear as President Trump's tariff announcements have led to steep declines in both equities and cryptocurrencies, with Bitcoin dropping over 8%. Major global stock indices, including those in Hong Kong and Europe, have also faced substantial losses, while U.S. bonds are gaining traction as a refuge for investors amid the turmoil. Upcoming events in the crypto space include several network upgrades and regulatory discussions that could impact the market further.

Bullish crypto bets suffered over $500 million in losses as Bitcoin's price fell to around $108,600 following U.S. President Trump's tariff threats on European imports and Apple products. The market's volatility led to significant liquidations across various cryptocurrencies, with Bitcoin futures alone accounting for roughly $181 million in losses. Traders are now cautious as renewed trade war fears cast uncertainty over the market's direction.