🗣️ Social media has been buzzing with mentions of crypto's "decoupling" from stock markets, according to data from X, Reddit, Telegram, 4Chan, Farcaster, and BitcoinTalk. Following the S&P 500's -10.5% combined losses on Thursday and Friday alone, traders are optimistic that Bitcoin and other cryptocurrencies are fairly insulated from the U.S. & China tariffs that have rocked global economies.

🐂 If the crypto markets are indeed becoming less and less reliant on stock markets, this would be an encouraging sign. Historically, most of cryptocurrency's biggest bull cycles have come when there is zero (neither a negative or positive) correlation between the two sectors.

🇨🇳 China has imposed 34% reciprocal tariffs on US goods, and stock markets have now dropped to 11-month lows. However, Bitcoin and altcoins have actually stayed relatively unharmed. The crowd has shown a slight bearish bias ever since Trump's tariffs were announced, but the resilience being shown by cryptocurrencies toward this news remains a positive sign for if & when global resolutions are met. 👍

📉 Following Trump's tariff announcements yesterday, the S&P 500 is currently down -4.02% in Thursday trading. In the 2020's, there have only been 5 worse performing days:

• 🗓️ March 16, 2020: -11.98%​
• 🗓️ March 12, 2020: -9.51%​
• 🗓️ March 9, 2020: -7.60%
• 🗓️ June 11, 2020: -5.89%
• 🗓️ September 13, 2022: -4.32%

And while stock markets have reached 7-month lows, crypto (despite what you may be seeing from the FUD on your timelines) has held up rather well. Bitcoin still sits at $81.9K, over +6.1% above the $77.0K local bottom from 3 weeks ago.

Bitcoin remains relatively insulated from tariff-induced volatility due to its intangible and borderless nature, making it slightly more immune to direct import and export taxes (though it is still impacted due to ties to global economic health, in general).

Unlike traditional stocks, cryptocurrencies aren't typically impacted by trade disruptions or international supply chain concerns triggered by political decisions. As a result, crypto markets have proven notably resilient during this recent period of stock market turbulence.

📊 Bitcoin's market value has scratched its way back to a high of $87.3K today as altcoins continue to fall slightly behind. Crypto's total market cap is still down ~-7% in the past week despite $BTC being +0.2% in the past week. $HYPE, $CRO, & $ONDO are also altcoins to watch.

🐳 These projects are seeing the highest rises in whale transactions ($100K+ or more) over the past week:

🪙 1) DeXe $DEXE

🪙 2) Nexo $NEXO

🪙 3) OKB $OKB

🪙 4) Maker $MKR

🪙 5) Gala $GALA

🪙 6) Ethena USDe $USDe

🪙 7) Polygon Ecosystem Token $POL

🪙 8) PayPal USD $PYUSD

🪙 9) Kucoin Token $KCS

🪙 10) FastToken $FTN

Keep a close eye on projects seeing the highest jumps in whale transfers, as this metric often acts as a great hidden gem to reveal where major crypto capital is moving next. 👀

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Internet Computer $ICP 🥇

➡️ 2) Chainlink $LINK 🥈

📈 3) Starknet $STRK 🥉

📉 4) Optimism $OP

📉 5) Cardano $ADA

📈 6) iExec RLC $RLC

➡️ 7) Ethereum $ETH

📈 8) Avalanche $AVAX

📉 T9) Polkadot $DOT

📉 T9) Kusama $KSM

📖 Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto research, investing, and trading!