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MARKETS week ahead: March 24 – 30Last week in the news The Fed held interest rates unchanged during their FOMC meeting held the previous week, and stuck to its previous plan of two rate cuts during the course of this year. Still, uncertainties regarding moves from the US Administration are strongly interfering investors decisions, in which sense, markets are still in a wait-and-see mood. The S&P 500 modestly gained during the week, ending it at the level of 5.667. The US Treasury yields remained relatively quiet, finishing the week at 4,25%. The price of gold reached a fresh, new all time highest level at $3.050. The crypto market was also traded in a mixed mood, with BTC ending the week above the $84K. The most important event during the previous week was the FOMC meeting. Fed officials decided to leave interest rates unchanged, as was highly expected by market participants. Current economic sentiment, under the influence of trade tariffs are perceived as “uncertainty around the economic outlook has increased” so the risks have aroused around both sides of Fed's dual mandate. The GDP projection for this year was corrected by 0,4% to the level of 1,7%. Despite uncertainties, the Fed is still on the track of a 0,5 percentage point decrease in interest rates during this year, which would account for two rate cuts. The Fed noted in its policy statement rising uncertainties around economic outlook caused by radical decisions of the new US Administration, while companies are starting to project their corrected earnings and growth for the future period. In this sense a company Nike noted expectations on decreased earnings originating from drop in sales due to trade tariffs. Shares of a consulting firm Accenture dropped by 7,3%, affected by the measures taken by the US DOGE amid cuts in spending. Some good news for Ripple and its four years long battle with the SEC. As per news officially posted during the previous week, the SEC officially dropped the lawsuit against Ripple over its XRP token. As this was positive news, XRP coin jumped in value by 11%. During the previous week Reuters published the news that the United Arab Emirates committed to the US Government to make $1,4 trillion investments into the US economy. The investments would be in the field of AI infrastructure, semiconductors industry, energy and local manufacturing. The investment is set for a period of next 10 years. MicroStrategy finalized the sale of a series of preferred stocks, in total value of $711M. The fresh funds will be used for purchase of BTC, and is expected that the company will then hold a total 500.000 BTC tokens. Crypto market cap The uncertainty is currently the main word on financial markets, which influence the sentiment of investors. After turbulent last few weeks, the crypto market relatively calmed down. During the previous week, it was traded in a relatively shorter range, with almost equal number of altcoins with both positive and negative end of the week. Total crypto market capitalization remained flat during the previous week, with an modest outflow of $ 10B on a weekly basis. Daily trading volumes were further decreased to the level of around $92B on a daily basis, from $102B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -16%, with $520B outflow of funds. Regardless of short move toward the higher ground, BTC ended the week flat on a weekly basis, without a significant change in its market cap. On the opposite side was ETH, who managed to modestly increase its value by 2,3%, adding $5,5B to its capitalization. Other altcoins were traded in a mixed manner. On a positive territory was EOS, with a weekly gain of almost 9%, Tron was traded higher by 5,8% w/w and Maker was higher by 3% on a weekly basis. Uniswap gained the most with an increase of more than 12% in value. Market favorite Solana dropped in value by 4,3%, losing $ 3B in cap. ADA was down by 6%, erasing $1,6B in its value. The highest weekly move in circulating coins had Uniswap, who not only increased its market cap by 12%, but also increased circulating coins by 4,6%. This was one of the largest increases of circulating coins for Uniswap in the recent period. IOTA also had an increase in coins on the market by 0,5% w/w, while Solana`s number of coins surged by 0,2%, same as Algorand and Filecoin. Crypto futures market The crypto futures market was aligned with the spot market during the previous week. BTC futures were traded lower by more than 1% on a weekly basis. BTC futures maturing in December this year ended the week at the level of $89.355, while December 2026 was last traded at $98.005. ETH futures ended the week in a positive territory, around 2% higher from the end of the previous week. ETH futures maturing in December this year closed the week at $2.095, and those maturing a year later were last traded at $2.252.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: March 17 – 23Last week in the news Tariffs-on, tariffs-off continues to shape market sentiment. The US equity markets tried to cover some weekly losses, where S&P 500 ended the week at the level of 5.638, after the index reached its lowest weekly level at 5.508. Considering uncertainty, the price of gold reached another all time highest level at $3K. The US Dollar continues to lose in strength, while US Treasuries are digesting latest inflation data and Michigan Consumer Sentiment with higher inflation expectations. The 10Y US benchmark is ending the week at the level 4,32% and is preparing for the forthcoming FOMC meeting on March 19th. The crypto market had a mixed week, with a lower start and an attempt to close the week higher. BTC passed the $80K resistance, ending the week above the $84K. The US inflation data for February was in the spotlight of the market during the previous week. Inflation of 0,2% for the month was in line with market expectations, bringing the inflation to the level of 2,8% when compared to the previous year. On a positive side were also jobs figures, where a total of 7,74M new jobs were opened in February, above market expectations of 7,63M. However, surprising figures came from the University of Michigan Consumer Sentiment index, which was much lower from the market forecast. Preliminary figure for March was standing at 57,9, lower from estimated 64,7. At the same time, inflation expectations were increased to the level of 4,9%. The FOMC rate decision is scheduled for March 19th, when Fed officials will also discuss the current market conditions and forecasts. The integration of the crypto market into the mainstream markets continues through new exchange traded funds, which large investment fund managers are currently filling for with the SEC. As per news published during the previous week, VanEck, a large US investment firm, has filed with SEC a launch of the exchange traded fund which will follow the Avalanche avax coin. Previously, Franklin Templeton, another investment firm, filed a launch of the ETF which will follow the price of XRP, while in February this year, the fund also filed a launch of an ETF following Solana`s spot price. BTC related convertible bonds are now available to retail investors through the REX exchange traded fund. The convertible bonds of Michael Saylor’s MicroStrategy represent the majority of funds assets. Other holdings include convertible bonds from several crypto miners. The REX ETF was launched on NASDAQ (BMAX), with 0,85% expense ratio and total AUM of $25M. Crypto market cap Tariffs-on, tariffs-off were the major driver of the sentiment on financial markets during the previous period. The crypto market was also driven by the generally negative mood of investors which were trying to position for the uncertain future developments. The fear of potential negative effects of imposed tariffs is embedded into current positioning of investors. The crypto market continued with the downtrend during the start of the previous week, but then tried to recover as the week passed on. Total crypto market capitalization decreased by a modest 2% on a weekly basis, losing total $50B in value. Daily trading volumes were also modestly increased to the level of $129B on a daily basis, a shy increase from around $102B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -16%, with $510B outflow of funds. The crypto market was traded in a mixed manner during the previous week. Some altcoins managed to recover from losses incurred from the start of the week. In this sense, BTC managed to close the week in a red territory with a minor loss of around 1,5% on a weekly basis, where its total cap was decreased by $25B. ETH had a stronger weekly loss of more than 10%, where $ 26B was wiped out in its market value. Polygon and Uniswap were both down by around 10% in value during the week, while Algorand and Maker ended the week more than 8% lower. On the opposite trading side was XRP, who managed to add to its value 4% w/w, increasing its cap by $5,5B. BNB was also one of coins with a solid week, as it increased its market cap by 5,7% or $4,77B. OMG Network should be specially mentioned, as the coin increased its value by more than 13% during the week. There has been a modest development with coins in circulation of certain altcoins. Tether had an increase of its value and also its circulating coins by 0,5% w/w. LINK made an increase of its coins on the market by 3%, while Solana, Algorand and Filecoin had an increase of 0,2%, each. On the opposite side was Maker, with a decrease of -0,5% of its total coins on the market. Crypto futures market Although Friday's trading session brought some positive sentiment to the crypto market, still, futures did not manage to catch up with a positive territory. Both BTC and ETH futures ended the week in red compared to the end of the previous week. BTC futures were traded lower by around 2,8% for all maturities. In this sense, December 2025 was closed at the price of $90.950, and December 2026 closed the week at $98.945. ETH futures had a stronger drop in value compared to the previous week, between 10% and 11%. ETH futures maturing in December this year were last traded at $2.057, and those maturing a year later closed the week at $2.211.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: March 10 – 16Last week in the news The February US NFP data were below market expectations, however, the market sentiment is still highly under the influence of US trade tariffs. The US equity market had a correction during the previous week, with S&P 500 closing the week at the level of 5.770. The weakening of the US Dollar stopped further surge in the price of gold, but it still ended the week with a weekly gain, reaching the level of $2.909. The US Treasury yields reversed after reaching the lowest weekly level at 4,1%, ending the week at 4,30%. BTC is still in a roller coaster mood, testing the $90K, but still ending the week around the $86K. The US Nonfarm payrolls data for February came a bit lower from the market forecast. The US economy added 151K new jobs, while the market was expecting to see a figure of around 170K. At the same time, the unemployment rate for February was modestly increased to the level of 4,1%, from 4,0% posted previously. Regardless of a weaker than expected jobs data in February, the major concern of investors continues to be trade tariffs of the US Administration toward the main trading partners, including Mexico, Canada, China and the European Union. The trade war started by the US Administration is spilling its effects on other countries. As per latest news, China is planning to impose sanctions on some Canadian goods, including agriculture and oil products, from 100% to 25%, depending on the goods. Tariffs are scheduled to come into force on March 20th. At the same time, Canada imposed 100% tariffs on Chinese electric vehicles, which came into force in October last year. “We do not need to be in a hurry, and are well positioned to wait for greater clarity” said Fed Chair Powell at a Policy forum during the previous week. This comment was made on the latest trade tariffs of the US Administration, noting that the combination of measures in the sphere of tariffs, immigration, fiscal policy and regulation will have a combined effect on the US economy. During the previous week, the US President signed an executive order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile. The BTC market had only a mild reaction to this news. UBS analysts are noting in their research that China might experience its own “GPT moment”. They noted that Chinese start-ups are rapidly innovating and integrating AI technology. The bank emphasized a product called Monica.ai Manus as a standout example of a program capable of doing many tasks including data analysis and coding. Crypto market cap The crypto market was following general sentiment on financial markets during the previous week. The correlation with the US equity market continues as the crypto market entered the mainstream. The US President signed the executive order establishing a Strategic Bitcoin Reserve, however, the market reaction was relatively mild. Total crypto market capitalization remained relatively flat during the previous week, regardless of a higher volatility within the week. Daily trading volumes were also relatively flat compared to the week before. Total crypto market increase from the beginning of this year, currently stands at -14%, with $460B outflow of funds. BTC had a relatively volatile week, however, it managed to close the previous week relatively flat compared to the week before. ETH had a modest drop in the market cap of 2,2%, with an outflow of $ 6B in funds. Other major altcoins also had a relatively negative week. DOGE was traded down by 8,4%, decreasing its total market cap by $2B. Solana had also a modest drop of 2,3% w/w, decreasing its cap by $1,6B. BNB was down by 3%, with a decrease in the value of $1,6B. On the opposite side was ADA, who managed to end the week in positive territory, with a surge in value of 22% or $5,1B. Tron also had a good week, increasing its value by 13,6%, or $2,7B. Other altocins were traded in a mixed manner. During the previous week Tron had an increase in the market value, but it also increased its coins in circulation by 10% on a weekly basis. This was one of the highest weekly increases for this coin. Stablecoin Tether is back on a positive territory, with an increase of circulating coins of 0,3% this week. Solana and IOTA also had an increase in the number of coins on the market by 0,3% each. Crypto futures market The general market sentiment impacted the crypto futures market to trade in a mixed manner during the previous week. Although BTCs spot market remained flat, still, its futures market gained above 3% for all maturities. In this sense, futures maturing in December this year closed the week at $93.550 and those maturing a year later were last traded at $101.800. On the opposite side were ETH futures which closed the week around 3% lower from the week before. Futures maturing in December this year were last traded around 3,2% lower, at $2.298. At the same time, futures maturing in December 2026 were traded lower by 2,7%, closing the week at $2.470.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: March 2 – 8Last week in the news Markets continue to be in an uncertain mood, impacted by geopolitics, trade tariffs, inflation and interest rate levels. A major correction occurred during the previous week, where the majority of financial assets ended the week with a stronger weekly loss. The US equity markets finished the week in red, with S&P 500 losing 1,4% since the beginning of February, ending the month at the level of 5.954. Funds from equity markets fled toward the US Treasury bonds, where the 10Y US benchmark reached the 4,2% level. Although the US Dollar modestly gained in strength, still, the price of gold entered into a major short term correction, reaching the level of $2.856. As BTC is now part of the mainstream, a major break toward the downside occurred on the same grounds as with other financial assets. BTC shortly touched the $78K, but ended the week around the $85K resistance line. The major macro data for the US released during the previous week was the PCE data for January, however, were left in a shadow of geopolitical developments. The Fed's favorite inflation gauge came with no significant surprises from market expectations. The PCE was increased by 0,3% in January, leading to yearly increase of 2,5%. The core PCE was also at the level of 0,3% for the month. The personal income was higher by 0,9% for the month and personal expenditures decreased by -0,2% in January, compared to the previous month. These figures were in line with market expectation, in which sense, there has not been much market movements on the release of data. However, the stronger impact came from geopolitics. Recently the word “tariffs” became the spookiest word on financial markets. Although it is still unclear whether the US Administration will indeed introduce trade tariffs toward Canada, Mexico, China and Europe, markets are strongly reacting to any news related to this topic. During the previous week, Reuters published the news. Officials from Mexico proposed to introduce a 10% import tariffs on goods from China in order to match the US tariffs. At the same time, the US President noted that he might double current tariffs to China, which means a total of 20% tariffs on imported goods from China. The Intel company was in the spotlight of the market during the previous year, when the company missed the opportunity to catch up with the increasing AI demand, causing its shares to suffer almost 60% loss in value. Since then the company is trying to correct the past mistake, with plans to open a chip manufacturing facility in Ohio. However, the latest news is showing a potential delay in construction, so that a $100 billion complex would most probably start operating in 2030. Amid pre-election promises, the US President Donald Trump will host the first crypto roundtable at the White House on March 7th. As noted in the White House release, “attendees will include prominent founders, CEOs and investors from the crypto industry, as well as members of the President's Working Group on digital Assets”. Crypto market cap A major break toward the downside occurred during the previous week. Although, charts look painful with such a significant drop, still, for the crypto market historically it represents necessary consolidation for the future move toward the upside. These situations occur several times in the past, and will most certainly, occur also in the future period. The most important is that the crypto market managed to become part of mainstream markets, which was the historical win for the crypto market. However, it also means that the crypto market will react to any news which affects the traditional mainstream markets. This is exactly what happened during the previous week, where the total crypto market capitalization decreased by additional 12% on a weekly basis, erasing a total $370B from its market cap. Daily trading volumes also decreased to the level of $144B on a daily basis, from $239B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -14%, with $450B outflow of funds. During the previous week the majority of crypto coins lost in value, only a few managed to finish the week in green. BTCs value significantly dropped during the week, where the largest crypto coin lost over $216B in value, decreasing its market cap by 11,3%. For BTC, this represents a significant correction. ETH was also in the red group, with a loss of $ 68B or even 20,5% w/w, which is also a significant correction for this coin. Among market favourites, Solana dropped its market cap by almost $ 13B or 15,3%, BNB was down by $ 9B or 9,3%, DOGE lost more than $ 6B in value or 16,8% and XRP was down by 13% losing $19,7B in value of its market cap. At the same time, two coins which actually managed to post a significant increase in value were ZCash with an weekly increase in value of 10,6% and Maker who managed to add almost 8% to its value. There has also been an increased development when coins in circulation are in question. In this sense, Solana had a weekly increase of 3,9% of new coins on the market. Filecoin continues to increase its circulating coins each week, adding this time 0,6% of new coins. Crypto futures market In line with the spot market developments, the crypto futures market also experienced some major correction during the previous week. Both BTC and ETH futures were traded significantly lower compared to the week before. BTC futures ended the week above 11% lower for all maturities. There has also been some significant correction for longer term futures, which all dropped below the $100K target. In this sense, futures maturing in December this year closed the week at $90.650, and those maturing a year later were last traded at $98.695. Similar situation was with ETH futures who ended the week by more than 15% lower, dropping below the $3K target for longer maturities. ETH futures maturing in December this year closed the week at $2.374, and those maturing in December 2026 were last traded at $2.540.
CRYPTOCAP:TOTAL
by XBTFX
btc"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
MARKETS week ahead: February 23 – March 1Last week in the news There are currently several words which shape investors sentiment, including trade tariffs, inflation, slower economic growth. All three words are active for come time, which impact market moves during the previous week. Fears of inflation, after a release of Michigan Consumer Sentiment on Friday, pushed the US equities strongly toward the downside. The S&P 500 dropped by 1,7% within a day, after reaching the new all time highest level. The index closed the week at the level of 6. 013. Investors were looking more at the safe-haven assets, in which sense, the price of gold again reached the new highest level at 2.954, while the 10Y US Treasury benchmark sharply dropped to the level of 4,43%. The crypto market was a bit traded aside, where BTC continues to move within a channel between $ 96K-$ 98K levels. The Michigan Consumer Sentiment Index final for February was the one that shook the markets. Surprisingly lower data from estimated, were the ones which supported investors fears from future inflation. The Index level of 64,7 was lower from expected 67,8. On the other hand, inflation expectation data were the ones that surprised investors. Namely, US consumers are expecting inflation at the levels of 4,3%, while five years inflation expectations were increased to the level of 3,5% from 3,2% posted during previous releases. Investors were not at all happy with such inflation development, not even as an expectation, which showed by a significant drop in US equity indexes. A lot of news attention during the previous week was on the earnings report of Berkshire Hathaway. The most famous investor on the market, Warren Buffet had stockpiled more cash for another quarter through sale of stocks. As per reports, its cash position currently stands at $334B. Regardless of this move, the Buffet noted that Berkshire Hathaway will always prefer stocks over cash, without too much further explanation. During his previous comments, he sort of criticized the market, calling it too expensive at this moment and only a few buying opportunities. Nevertheless, shares of Berkshire Hathaway continue to gain in value, adding 5% from the start of this year. At the same time, Reuters reported that Buffets company will most probably increase stake in five Japanese trading houses, which he currently holds in portfolio, including Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. As of the week-end a news hit the market that crypto exchanger Bybit was under a huge cyber attack, where estimated, $1,5 billion worth of ether was stolen. As news is reporting, an entity from North Korea was suspected. The stolen coins were then transferred into BTC. Although Bybit reacted promptly, still, the exchanger faced significant withdrawal requests from its clients. Crypto market cap There was another volatile week on the crypto market. After significant gains two weeks ago, the previous week was in a mood of corrections. The crypto coins were traded in a mixed manner. There were almost equal numbers of both coins which finished the week in red and in green. However, total crypto market capitalization decreased by 1% on a weekly level, losing total $30B in value. Daily trading volumes were modestly increased to the level of $239B on a daily basis, from $170B traded two weeks ago. Total crypto market increase from the beginning of this year, currently stands at -2%, with $80B outflow of funds. Despite the both winners and losers during the week, still, the crypto market ended the week with a total loss of $30B on a weekly basis. The coin with highest participation, BTC, was traded modestly down by 0,9%, losing total $17B in value. On the opposite side was ETH, who managed to gain $ 10B in value, increasing it by 3,2% w/w. Other significant movers in nominal terms were XRP, which was traded down by 6%, dropping its market cap by $9,8B. Solana was also traded lower, dropping by 10,7% w/w or $10,1B. Another coins with significant drop was DOGE, who managed to decrease its cap by $ 4B or 9,9%. Among gainers Maker should be especially mentioned, as this coin increased its value by 55% within a single week. At the same time, this coin increased the number of its coins in circulation by 1,9%. Several of other weekly winners were ZCash, with a surge of 7,9% w/w, while a portion of other smaller altcoins managed to gain below 1% on a weekly level. When coins in circulation are in question, Maker was already mentioned with its increase of 1,9%. At the same time, ZCash decreased its circulating coins by 2,7%. Filecoin added 0,8% of new coins to the market, while IOTAs increase was 0,6%. Crypto futures market The crypto futures market was traded lower compared to the end of the previous week. BTC futures were traded around 3% lower, while ETH futures ended the week around 4% lower. BTC futures maturing in December this year closed the week at the level of $101.875, and those maturing a year later at the level of $111.380. Despite the drop, it is still positive that investors are perceiving the BTC price at levels higher from $100K in the future period. ETH futures maturing in December 2025 were last traded at the level of $2.807, and those maturing in December 2026 closed the trading week at $3.017.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: February 17 – 23Last week in the news Fed Chair Powell’s testimony in front of the US Congress, US inflation data in January and Retail Sales were the main topics which shaped the market sentiment during the previous week. The US Dollar lost some of its strength, but the price of Gold also eased by 1% at Friday's trading season, following the profit-taking. The positive sentiment on the US equity markets was back, where S&P 500 almost reached its all time highest level, ending the week at 6.114. The US Treasury yields reacted on January inflation data and significant drop in retail sales in January, bringing down the 10Y Treasury yields toward the 4,47%. Many concerns of investors put aside the crypto market, where since the beginning of February BTC continues to trade in a channel between the $ 98K and $95K. At the beginning of the previous week markets were closely watching Fed Chair Powells testimony in front of the US congress. The key takeaways from a two days Congressional hearing include points that Fed is not in a hurry to cut interest rates and that the Fed's policy will not be impacted by the US Administration, alluding to a question regarding US President request for immediate cut of interest rates. Generally, there was no new significant information which was not previously communicated with the public. As for macro data during the previous week, the US January inflation data surprised markets with a 0,5% increase for the month, higher from forecasted 0,3%. The PPI also rose 0,4% in January, again higher from market estimate. Still, the retail sales of -0,9% improved market mood, with a figure much higher from market estimate of -0,1%. This was a signal that the current inflation level might not impact too much Fed's decisions over future course of interest rates. During the previous week markets were talking about the final payout of the fallen crypto exchange FTX during the week ahead. This represents a part of FTX restructuring program, where first in line will be claims up to $50.000. Analysts are providing their assumption over its potential impact on crypto markets and specific tokens, however, there are also those who anticipate that this payout will not have a significant impact on the price of major crypto coins. A lot of news covered the bid of Elon Musk for purchase of Open AI. He offered a figure of $97,4 billion for shares of Open AI in case that this company stays non-profitable. The latest news published by Reuters on Friday states that OpenAI rejected the bid from Elon Musk, noting that the company is not for sale and that any future bid will be also rejected. Crypto market cap After almost three consecutive weeks in red, the crypto market finally ended the week in green. However, it could be noted that the volatility with altcoins run at relatively higher levels during the past few weeks. At the same time, BTC remained volatile within the channel between levels of $ 98K and $95K from the beginning of February. Whether the final break is ahead is about to be seen, still, the total crypto market capitalization managed to recover a bit during the previous week, but it still holds in a -2% negative territory from the beginning of this year. During the previous week, total crypto market capitalization increased by 2% on a weekly basis, adding $ 70B to the total market cap. Daily trading volumes dropped a bit from the week earlier, to the level of $170B on a daily basis. Total crypto market increase from the beginning of this year, currently stands at -2%, with $50B outflow of funds. It was a volatile week, but with a positive end. BTC gained $ 23B on a weekly basis increasing its cap by 1,2%. ETH also had a modest increase in capitalization of almost $ 8B or 2,5%. Altcoins were the ones which drove market capitalization to the higher grounds. DOGE was traded higher by 9%, adding more than $ 3B to its market cap, same as ADA, which increased its value by 12,7%. This week BNB managed to add almost $ 5B to its market cap, increasing it by 5,4%. Among higher gainers was for one more time XRP, with an astonishing increase in market cap of $ 20B or 14,5%. Litecoin should be mentioned as the coin had a very good week, where it added $ 2B to its market cap, which was an increase of 25,5%. The majority of other altcoins managed to add up to 10% to their market value. When it comes to circulating coins, it was one of relatively calmer weeks. Tether added 0,2% of new coins to the market, increasing by this percentage its market capitalization. Polkadot decreased the number of coins on the market by 0,4%, while Filecoin had an increase of 0,6%. The majority of other coins had an increase of 0,1% or less of their coins on the market. Crypto futures market The crypto futures had finally one green trading week. BTC futures were higher by around 1,6% for all maturities. Futures maturing in December this year were last traded at the price of $105.185, while those maturing a year later closed the week at $114.370. ETH futures had a higher rebound of approximately 5,4% for all maturities. In this sense, December 2025 was closed at the level of $2.914, and maturities in December 2026 were last traded at $3.131. It is positive that the ETH long term futures were back for one more time at levels above the $3K.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: February 10 – 16Last week in the news The US jobs data posted on Friday increased investors' concerns over a potential increased inflation in the US in the coming period. The US equity markets reacted with a negative sentiment, pushing the S&P 500 0,95% to the lower grounds, where the index ended the week at the level of 6.025. The US Treasury yields also reacted to the potential increase in inflation by reaching for one more time levels of 4,5%. The price of gold continues its positive track for the six consecutive weeks, reaching a fresh new all time highest level at $2.860, still fearing trade tariffs imposed by the US Administration. The crypto market was quite volatile during the week, with BTC dropping down to the levels of $96K. The main macro data released during the previous week were the ones related to the US jobs market. The non-farm payrolls reached 143K in January, which was lower from the market estimate of 170K. Still, the main concern related to inflation came from the unemployment rate of 4,0% in January, which was lower by 0,1 percentage point from December and from average hourly earnings which came at the level of 0,5% increase for the month, and higher from market estimate. Although all these figures are positive for the US economy, markets were not happy. Simply, by calculating that higher employment in combination with higher earnings will push the spending higher as well as inflation. In this scenario, the Fed will have no options to decrease interest rates, which will be held at current levels for a longer period of time. The S&P 500 ended Friday trading session by 0,95% lower, while US 10Y Treasury yields reached 4,5% on the data release. The AI race continues among tech companies. As per published news, Meta, Amazon, Alphabet and Microsoft are planning to invest $320 billion into artificial intelligence only during this year. These funds will be used to build up large data centers and other AI related infrastructure, which will support further development of the AI segment in these companies. Not only big techs are in the race for AI. As per news, SoftBank will invest $ 40B, with $260B valuation, into Open AI. Part of these funds will be used to further support the Stargete, a partnership project with Oracle. The new US Administration is evidently bringing back large companies back to the US. The latest one which announced its return of focus toward the US market is a beauty-company L`Oreal. The company was a bit disappointed with its sale on the China market, in which sense, defined the US “as the land of opportunity”, switching back their focus from China to the US market. Crypto market cap The start of the previous week was promising, however, the second part of the week was not so nice for the crypto market. The US jobs data was the one to heat inflation fears, in which sense, investors reacted in a negative manner. All crypto coins ended the week in red, with BTC leading the drop in the crypto market capitalization in nominal terms. This week, there was a huge drop in the value of the crypto market, where $260B or 8% of the market capitalization was erased. Daily trading volumes remained almost flat in relation to the week before, moving around $ 230B on a daily basis. Total crypto market cap increase from the end of the previous year entered into a negative territory, with an actual decrease of 4%, where $120 was withdrawn from this market. There has been a significant drop in the value of the crypto market, where almost all coins lost in value. BTC, as the coin with the highest market cap, decreased its value by 4,6% on a weekly basis, decreasing its cap by $92B. ETH also suffered a loss during the week, with a drop in value of 16,5% or $63B. XRP recently reached an ATH, however, this week the coin dropped by 16,%%, decreasing its value by almost $28B. DOGE was one of the main coins which suffered a higher loss of 19% w/w or $8,8B. Cardano was also down by 22,6% w/w or $7,2B. Market-favorite Solana also suffered the loss of 8,9% or $9,3B. TRUMP coins continue to lose value, with an additional drop in price of 11,7%. As per coins in circulation, there have been some interesting developments with Polygon. Namely, the number of Polygons coins on the market increased by an incredible 24% during the single week. There is still no information regarding the cause of such a high increase of circulating coins. As for other altcoins, there has been an increase of 0,5% of the number of circulating coins of IOTA, while Solana increased its coins by 0,2%. At the same time, Maker decreased the number of coins in circulation by 0,7% w/w. Crypto futures market The sentiment from the spot market was transferred to the futures market. As of the weekend the crypto futures market was traded significantly lower when compared to the week before. BTC futures were traded lower by some 6% for all maturities. The futures maturing in December this year closed the week at the level of $103.705, while those maturing a year later were last traded at $112.745. This was the highest correction of expectation for the two years since the beginning of this year. ETH futures also experienced a significant drop on a weekly basis of more than 22% for all maturities. All futures prices dropped below $3K. In this sense, futures maturing in December this year dropped to the level of $2.764, and those maturing a year later were last traded at $2.970.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: February 3 – 9Last week in the news The week was full of macro news and some surprises in the AI field coming from China. Also the spooky word “tariffs” is back on the Presidential table in the US. Markets are ending this week with a mixed sentiment and concerns over a tariffs potential impact on the inflation and future Fed moves. The US equity market ended the Friday's trading session lower, with S&P 500 ending the week modestly above the 6K level. Tariffs supported the price of gold to reach a new ATH above the $2,8K, while US Treasury yields reverted to the higher grounds at Friday's trading session, closing the week at 4,54%. The crypto market is struggling to hold ground, with BTC managing to end the week above the $101K. Central bankers had a pretty busy week. The Fed left interest rates unchanged, as expected. Some of the topics, Fed Chair Powell mentioned was that inflation remained solid on the goal of 2%, but remained a bit elevated, the job market is cooling down and the economic activity continues to expand at a solid pace. Housing sector weakness seems to be stabilized. As expected, the first question from journalists in a press conference after the FOMC meeting, came with respect to President Trump's address in Davos, where he noted the request to decrease interest rates immediately. Fed Chair Powell provided a clear answer that it would be inappropriate to make any comments to addresses of the US President, but he is certain that the Fed will continue its job and fulfil its mandate. The ECB decreased reference interest rates by 25 bps, as widely expected by market participants. As inflation is gradually slowing down in the EuroZone, the pain of the economic slowdown continues to hold. As per policy statement, there has not been almost any change from its December statement. Still, the majority of analysts are of the opinion that the ECB would need to cut significantly in the coming period, considering the ongoing weakness in the EuroZone economy. A huge surprise hit the market on Monday, when China released a new AI powered tool, called DeepSeek. The initial news was that this program is much superior in relation to other similar tools. Another issue for the tech industry was that the program was released by a privately owned Chinese company with funds of only $6 million. Within a day from its release, DeepSeek hit number one download app on the Apple store. This was a huge alarm to US companies, and a wake-up call to increasing competition coming from the rest of the world. The shares of tech companies started the week in negative territory, while Nvidia was hitted the most, with a drop of $600 billion in the value of the company. A spooky word “tariffs” is back in the wording of the US Administration. First in line are Canada and Mexico. As announced by the US President, the tariffs of 25% on imported goods will come into effect on Saturday and will not include oil. The simple rationale for such a measure is a huge US deficit with these countries, as per President Trump. In response to these measures, the Bank of Canada cut interest rates to 3% this week. Surprising news is coming from the National bank of the Czech Republic. As news is reporting, its Governor, Ales Michl, stated that the CNB could create a part of national reserves which will be held in cryptocurrencies. This idea will be presented to the National bank Board next week. He also noted that the Bank could hold up to 5% in Bitcoin. At the same time, ECB President Lagarde commented that ECB will not hold any crypto coins on its balance sheet. Crypto market cap Previous week did not start well on financial markets. The news “out of nowhere” hit the market that the Chinese start up company DeepSeek took over the first place on the Apple store as the app with the most downloads. Although this app does not have any impact on crypto coins, still, the market reacted in a negative manner. The rest of the week, the crypto market tried to consolidate, but it still ended the week with a small loss in its total market capitalization. It has decreased by 4% on a weekly basis, losing around $160B in value. Daily trading volumes remained relatively flat on a weekly basis, moving around $200B daily. Total crypto market cap increase from the end of the previous year currently stands at 4%, where $140B has been added. Most of the coins on the market ended the week in red. BTC led the market with a drop of 3,5% w/w, losing total $74B in value. Ether followed the path of BTC, with a weekly loss of $17,5B or 4,4%. Previously, XRP was holding relatively solid, however, during this week, the coin lost almost $12B in the market cap, decreasing it by 6,7%. Solana was again one of the highest weekly losers, with a drop in value of $18,2B or 14,7%. DOGE was in SOLs club, with a weekly drop of 11.2% or $5,8B in value. Still, speaking in relative terms, TRUMP was the coin with a significant weekly drop of 33,4%. Interestingly, Monero and Polygon were rare coins which finished the week in a positive territory. Monero managed to gain 6,3% on a weekly basis, while Polygon increased its value by 11,5%, but at the same time, the coin decreased the number of its coins on the market by 19,3% within the single week. Crypto futures market Although the spot market was relatively volatile during the previous week, there were some interesting developments on the crypto futures market. In line with the spot market, BTC futures closed the week by more than 3% higher from the end of the week before. On a positive side is that long term futures are still holding at relatively higher levels. Futures maturing in December this year closed the week at the level of $110.280 and those maturing a year later were last traded at $119.880. ETH had a weekly drop in value of 4,3%, however, ETH futures ended the week almost flat compared to the week before. Futures maturing in December this year closed the week at $3.559, and those maturing in December 2026 were last traded at $3.823.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: January 26 – February 1Last week in the news The US inflation is not as scary as investors previously thought. In this sense, they adjusted previous expectations and returned positive sentiment to financial markets. The US equity markets recovered from losses carried two weeks ago. The S&P 500 ended the week at the level of 5.996. The US Dollar continued to gain in strength, but due to general uncertainty, the price of gold also surged back to the $2,7K levels. The US Treasury yields reacted strongly on inflation figures, bringing back the 10Y US benchmark to the level of 4,62%. In the dawn of the US new Administration inauguration, the crypto market also reacted positively, bringing BTC back above the level of $100K. The main event during the previous week on financial markets was related to the inauguration of a new US Administration. There was a question whether all promises from the pre-election period will be fulfilled? For one more time, markets reacted positively, bringing US equities to the higher grounds, where S&P 500 reached its fresh all-time highest level. The US Dollar weakened a bit, bringing the price of gold close to its ATH, ending the week at the level of $6.101. In anticipation of the FOMC meeting next week, the US Treasuries headed toward the upside, ending the week at the level of 4,61%. The presidential order for a formation of a cryptocurrency working group with the target to draft a new digital asset regulation, boring BTC toward the fresh, new ATH at the $109K. During the previous week there has not been currently important macro data scheduled for a release, however, the inauguration of the new US President was the main event which shaped the market sentiment. One of the most important topics for markets was whether the new President will impose tariffs on imported goods, as promised in the pre-election period, especially tariffs on goods from China? This represents the most fearful event for investors, as they are anticipating that tariffs might bring inflation in the US toward the upside, which will affect Fed to keep interest rates at current levels longer than it is now expected. Still, the idea of tariffs still holds in the new US Administration, in which sense, the investors fear is for the moment just postponed. One of the major moves of the new US Administration was related to the crypto market. Namely, within the first days in the office, the US President signed an presidential order for the creation of the cryptocurrency working group, whose aim will be to draft the first regulation in the US on digital assets while exploring the creation of a cryptocurrency stockpile on the national level. This order is also important as it bans the topic of creation of a central bank digital currency in the US. With the focus of the new US Administration on the crypto, there are some major movements of the capital on the international scene. As Cointelegraph is reporting, one of the prominent venture capital companies, Andreessen Horowitz will close its office in the United Kingdom in order to focus on the US market. Its London office was opened in 2023. As expected and announced, the Bank of Japan increased its target interest rate by 25bps to the level of 0,5%. Such a move was supported by BoJ inflation expectations in 2025 and 2026. The expected increase in rates was previously fully priced by market, in which sense, there has not been any higher movements on financial markets in Japan and US. Crypto market cap Another volatile week on the crypto markets which ended with a positive sentiment. All investors' eyes were on the inauguration of the new US Administration and moves which will be taken during first days in the office. For the crypto market, the most important information was related to the Presidential order for a formation of the cryptocurrency working group. This group will work in the future period on a development of the crypto regulation in the US, as well as the potential for the creation of the cryptocurrency stockpile on the national level. Such a move brought back investors confidence, bringing the total crypto market capitalization to the higher grounds as of the weekend. Still, considering the previous drop in the value, the crypto market capitalization is ending this week relatively flat, compared to the week before. There has been a small drop of nearly 1%, decreasing total crypto cap by $40B. Daily trading volumes were also modestly decreased to the level of around $200B on a daily basis, from $340B traded a week before. Total crypto market cap increase from the end of the previous year currently stands at 9%, where $300B has been added. The majority of crypto coins finished the week in red, however, there were also several altcoins which managed to gain during the week. BTC finished the week relatively flat, compared to the week before. On the other hand, ETH lost some 3% in value, decreasing its cap by $12B. BNB was also on a losing side, dropping its value by 2,8% w/w, or $2,8B. Interestingly, Solana was among significant losers, with a drop in value of 4,7%, decreasing its cap by $6,1B. This group also includes DOGE, with a drop in value of 10% or $5,8B. The majority of other altcoins had a weekly drop around 10%. On the opposite side were coins like Tron, which gained 4,2% in value, Monero surged by 4,3% w/w. After a significant surge in the value prior to inauguration, the Trump meme coin lost 54% in value in an after-inauguration period. When coins in circulation are in question, the highest weekly move had BNB, which decreased the number of circulating coins by 1,1%. At the same time, the number of Tether coins increased by 0,7%. Iota had a surge of 0,5% while Stellar, Algorand and Filecoin increased the number of coins on the market by 0,2% each. Crypto futures market The crypto futures market was a reflection of spot developments during the previous week. In this sense, BTC futures ended the week only with a small drop in prices for most of the maturities. They ended the week almost flat. In this sense, futures maturing in December this year were last traded at the level $114.040, while those maturing a year later closed the week at $123.950. On the opposite side were ETH futures, which ended the week around 5,5% lower from the week before, for all maturities. Futures maturing in December this year were last traded at the level of $3.575, while those maturing in December 2026 for one more time dropped below the level of $ 4K, and closed the week at $3.840.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: January 20 – 26Last week in the news The US inflation is not as scary as investors previously thought. In this sense, they adjusted previous expectations and returned positive sentiment to financial markets. The US equity markets recovered from losses carried two weeks ago. The S&P 500 ended the week at the level of 5.996. The US Dollar continued to gain in strength, but due to general uncertainty, the price of gold also surged back to the $2,7K levels. The US Treasury yields reacted strongly on inflation figures, bringing back the 10Y US benchmark to the level of 4,62%. In the dawn of the US new Administration inauguration, the crypto market also reacted positively, bringing BTC back above the level of $100K. The US inflation figures were posted during the previous week, which was the major macro event. The inflation rate in December was standing at 0,4% for the month, bringing the inflation figure to 2,9% on a yearly basis. Both figures were in line with market forecasts. At the same time, core inflation was lower from market estimate, reaching 0,2% for the month and 3,2% on a yearly basis. This was information that changed market sentiment from negative to positive. Namely, strong jobs figures initiated a fear among investors that inflation might be higher than previously estimated, in which sense, the Fed will halt further cuts of interest rates. The current situation signals that the market was wrong with previous estimates, and that inflation in the US is on a clear down trend, in which sense, the Fed might continue with planned two rate cuts during the course of this year. The US 10Y Treasury yields also had a strong reaction to inflation data, bringing yields from the 4,8% down to 4,62%. level. During the previous week markets were discussing a new meme coin issued by a new US President-elected, whose inauguration is scheduled for January 20th. The meme coin was issued on a Solana blockchain, where this coin surged by 12% on Saturday and 23% on Friday. News is reporting that this coin currently has a market cap of nearly $5 billion and is the largest coin on the Solana chain. The Bank of Japan is again in the spotlight of investors' attention. Namely, there are an increasing number of news reports noting a potential rate hike by the Bank of Japan in order to support the decreasing value of its currency. Reuters mentioned sources from BoJ which noted higher probability that the BoJ will increase its reference rates on a meeting as of the end of January. Market participants are currently pricing 80% chances for a rate hike at the forthcoming BoJ meeting. Due to the significant amount in carry trades, there is a higher probability that the markets in the US might react in a negative manner to this BoJ action. There was a lot of dust in the media regarding the TikTok ban in the US during previous weeks. However, Reuters posted the latest news that the new President-elect Trump will allow TikTok to operate in the US only if US investors hold 50% stake in the company. Crypto market cap As inflation in the US is clearly under control and on its way down, and as inauguration of a new President-elect is coming due, the crypto market turned to the positive hype for one more time. The majority of crypto coins were traded in a positive sentiment during the previous week, increasing total crypto market capitalization by 11% on a weekly level, adding a new $340B to it. Daily trading volumes were also significantly increased to the level of $382B on a daily basis, from $130B traded a week before. Total crypto market cap increase from the end of the previous year currently stands at 11%, where $340B has been added. Almost all crypto coins ended the week in a positive territory. The highest increase in market cap came from Bitcoin, which increased its value by more than 11% on a weekly basis, adding a new $211B to it. A new $19B came from ETH, which was a weekly increase of around 5% for this coin. XRP was also in the spotlight of the market, which managed to increase its market value by 27% w/w, adding $38B to its market cap. This time Solana should be specially mentioned. Namely, the coin surged by more than 44% after a new meme coin TRUMP was issued on this network, which represents the highest coin on this blockchain. Eventually, the market has a new favorite coin on the market, called TRUMP, issued by the current US President-elect. In only a few days, this coin managed to collect $ 13B in the market cap, and currently takes 16th place on the list of most valuable coins, based on data from Coinmarketcap. The TRUMP coin surged by an incredible 918% for the last seven days. In line with the significant surge in the market cap, Solana also increased the number of its coins in circulation by 0,5% on a weekly basis. Stellar and Algorand had an increase in circulating coins by 0,2%, each. The number of Tether stablecoins increased by 0,7% during the previous week. Crypto futures market The crypto hype is for one more time on the crypto market, but this time also on the crypto futures market. Some interesting developments occurred with BTC futures during the previous week. Namely, all maturities were traded higher by more than 10% on a weekly basis, where futures maturing in December 2026 reached the price of $124.045. This represents the highest ever quoted price for BTC, indicating that the market is extremely positively oriented toward this coin. Futures maturing in December this year ended the week at the level of $114.145. ETH futures were traded higher around 7,5% for all maturities. Futures maturing as of the end of this year ended the week at the level of $3.778. Those futures maturing in December 2026 managed to cross the $ 4K level, ending the week at $4.057.
CRYPTOCAP:TOTAL
by XBTFX
1
MARKETS week ahead: January 13 – 19Last week in the news Surprisingly good US jobs data pushed the markets toward the negative sentiment. It is not the case that investors were disappointed with good developments in the US economy, but they needed to correct their previous expectations on Fed's rate cuts. The US equity markets were mostly hit, where S&P 500 ended the week at the level of 5.827. The US Treasury yields ended the week higher, with 10Y reaching 4,8%. The US Dollar continued to gain in strength, however, the price of gold was also strengthening to the level of $2.689 due to investors uncertainty regarding the decisions which will be taken by the new US Administration. The BTC was traded with lower strength during the week, testing the resistance line at $95K, after shortly reaching support level at the $90K. The major data posted during the previous week were related to the US jobs data. The surprisingly better than expected Non-farm Payrolls figures of 256K hit the market on Friday. At the same time, the unemployment rate dropped to the level of 4,1% from 4,2% posted previously. Although this is good news for the US economy, still markets reacted in a negative manner - by increasing Treasury yields and decreasing the value of major equity indices on the US market. The markets are not perceiving that the Fed would have to keep interest rates at current levels for a longer period of time. At this moment, some analysts are noting a potential first rate cut during this year in September. The sentiment among investors for the rate cut at the January FOMC meeting dropped to the lowest level. Mark Zuckerberg's recent interview on Joe Rogan show attracted attention from investors and journalists. Mark was criticizing a main rival of his company, Apple, for “a lot of rules, that I think are arbitrary” which are implemented into Apple's technology. In his opinion, these rules are diminishing all the technological effort that Apple has put in place. At the same time, it should be noted that Meta announced that it will ban their “fact checking” program introduced during the pandemic. Analysts from Bernstein are betting on the European pharmaceutical industry in 2025. As they are noting, there is currently a significant discount of EU pharma stocks, with a solid growth prospectus in 2025 of estimated 8% EPS. Another aspect that Bernstein analysts are noting is solid generation of cash by the EU pharma industry. Analysts from Bank of America downgraded Tesla shares from Buy to Neutral. The rationale behind such an action is their view on “high execution risks”. They also decreased the price target from $490 down to $400. Crypto market cap There has been a lot of volatility on the crypto market during the previous week. The majority of this volatility was driven by BTC. As this coin entered into the mainstream markets, through exchange traded funds during the previous year, its price is reacting to developments in the US macro segment. Surprisingly strong US jobs data increased the sentiment with investors that Fed will halt further decrease of interest rates, in order to cope with the heating economy, in which sense, investors had to adjust their previous expectations. Simply, the less rate cuts implying less liquidity in the economy, in which sense, less money for the crypto market. Still, during this trading week, total crypto market capitalization decreased by 5% w/w, erasing some $160B in total cap. Daily trading volumes remained redacted, moving around the level of $130B on a daily basis, a further decline from last week's $158B. Total crypto market capitalization remained flat when compared to the end of the year 2024. The majority of crypto coins were traded in red during the previous week. Bitcoin lost around $ 68B in the market cap, decreasing it by 3,5% w/w. Ether was following the sentiment, by which its market cap dropped by $ 43B or 10% on a weekly basis. Bitcoin Gold also had a negative week with a droop in value of 25%. From other major coins, DOGE was traded down by 12%, same as Solana, while BNB managed to sustain a lower drop in value of 2,4%. It is interesting that XRP had a solid week, as this is one of rare coins which ended the week on a positive territory, increasing its market cap by 6,2% w/w. Regarding coins in circulation, this week IOTA had an increase of coins in circulation by 0,5%, while Filecoins number of circulating coins was higher by 0,3% w/w. Stellar, Solana and Algorand increased the number of coins on the market by 0,2% each. Crypto futures market The sentiment from the spot market was reflected on the crypto futures market. Both BTC and ETH futures were traded lower from the end of the week before. BTC futures were traded down by 4% on average, while ETH futures were down by some 10% on average for all maturities. BTC futures maturing in December this year ended the week with the price of $103.325, and those maturing a year later, closed the market at $112.275. On a positive side is that longer term futures continue to hold above the $100K level. ETH futures maturing at the end of this year were last traded at $3.511, while those maturing in December 2026 closed the week at $3.711. For one more time ETH did not manage to sustain the futures price levels above the $4K.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: January 6 – 12Last week in the news Markets used the first trading week in this year to slowly gear up for the coming period. The US equity markets had a copy-paste from the last week of December, where the week started in a negative sentiment, but Friday brought optimism. The S&P gained on Friday, ending the week at the level of 5.942. The US Dollar continues to gain in strength, bringing some volatility to the price of gold, which ended the week at $2.638. The US Treasuries are still digesting US macro data in expectation of the January FOMC meeting, bringing the 10Y US benchmark to the level of 4,62%. The crypto market started the new year in an optimistic manner, bringing BTC back to levels of $98K. Previous week was relatively calm when it comes to the release of currently significant macro data in the US. However, the largest US companies started to release their business plans for the year 2025. One of the most important news came from Microsoft, which noted that the company plans to spend at least $80 billion on construction of data centers which could be able to sustain a heady workload of AI-powered systems. For some time now, analysts have been noting that AI is the next “big thing” and that companies involved in the AI ecosystem would gain the most funds from investors. After this news the US equity market regained optimism bringing tech-heavy indexes to the higher grounds on Friday. CNBC made an interesting analysis based on officially published data in China, related to imports of phones into this country. Namely, as per CNBC, foreign mobile phone shipments in China dropped by 47% y/y in November. Considering that the majority of foreign phone shipments in China comes from Apple, CNBC is noting that Apple's market share in China might be under pressure in the coming period, considering strong competition from local smartphone producers. Interesting news published by Reuters at the beginning of the previous week, states that a local group of Swiss cryptocurrency advocates started an initiative proposing to the Swiss National Bank to hold Bitcoin, in a sense of national reserves. The initiators now have the task to collect 100.000 signatures in order for the initiative to reach a public referendum in Switzerland. At the start of the new year, analysts from investment company Goldman Sachs published their view and forecasts on the economic developments in the US, EU and China. The economic growth is expected to continue in the US, around 2,7%, while the EU should accelerate at a modest pace of 0,8%. The EU economy will continue to stand a hit from higher energy prices and also from high competition from China. Their expectations are that the EU will further cut interest rates to the level of 1,75%. Analysts from Goldman are noting geopolitical risks as ones to prevail in the 2025, as well as risks for the US economy if a new US administration imposes tariffs on goods from China. Crypto market cap The crypto market used the first trading week in a year to gear up for the rest of the year, and set the sentiment for the future. Major event that is ahead relates to the inauguration of the new US administration on January 20th, which was generally crypto-friendly during the pre-election period. The market expects positive developments for the crypto industry in the next four years. Whether there will be challenges on that road, is to be seen. After a bumpy year-end, the market set the positive sentiment during the previous week, where total crypto market capitalization gained 5% during the week, adding $160B to its market cap. Due to holidays, daily trading volumes remained relatively lower, moving around $158B on a daily basis. Total crypto market capitalization during the year 2024 was increased by 97%, while during the first trading week in 2025 the market gained 5%, or $160B. Majority of crypto coins gained during the previous week. BTC, the leader of the market, increased its market cap by 3,5% or $65B. Ether was also on a winning side, adding $ 29B to its market cap, increasing it by 7,3% w/w. Some other notable gainers were DOGE, with an increase in the market cap of 19,3%. ADA also significantly gained, a 21% increase w/w. Market favorite Solana was up by “only” 11%, while Algorand was traded higher by 20% w/w. Stellar should also be mentioned, as the coin managed to gain a significant 26% in value. Only a few coins ended the week in red, among which were ZCash, with a weekly decrease in value of 4%, while Tether decreased its coins in circulation and its market cap by 1,2%. As for coins in circulation this week Solana managed to increase the number of its coins on the market by 0,7%, followed by Filecoin`s increase by 0,5% of circulating coins. In line with its significant increase in the value, Stellar managed also to increase the number of circulating coins by 0,2%. Crypto futures market The market optimism is back not only on a spot market, but also on the crypto futures market. The long term futures prices are expressing currently strong sentiment for BTC of investors. BTC futures were traded higher by more than 4% for all maturities. The major development is with longer term futures which are holding at levels above the $100K. In this sense, futures maturing in December 2025 ended the week with the price of $107.460, while futures maturing in December 2026 reached for the first time the level of $116.750. The ETH futures were traded higher around 8% on average. It is important for ETH that longer term futures crossed for one more time the level of $4K. Futures maturing in December 2025 were last traded at $3.885, while those maturing in December 2026 closed the week at $4.172.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: December 30 – January 5Last week in the news The Holiday season on the Western markets made its impact on lower trading volumes and lower volatility for US Dollar, the price of gold and the crypto market. As for US equities, the previous week was influenced by shifts in US Treasury yields. The 10Y US benchmark yields reached the level of 4,629% after considering Feds narrative over the future course of rate cuts in 2025. The price of gold ended the week relatively steady at the level of $2.621, while BTC had a modestly volatile week, but still testing the $95K to the downside. The week ahead brings another short Holiday, celebrating the end of 2024 and the beginning of 2025, when a relatively calm week should be expected. Without any significant news from the Western markets, the Japan monetary authorities were in the spotlight during the previous week. Namely, the Japanese Finance Minister Katsunobu Kato noted that the rate increase is still on the table for the BoJ meeting in January. The excessive movements in Yen during the previous period is not welcomed by Japanese monetary authorities, in which sense, an increase in interest rates would support its stabilization. However, the Ministry must take a cautious approach, considering a trajectory from the US economy. A potential hike would make borrowing in Yen more expensive, in which sense, some carry trading positions would have to be closed, which would at the bottom line have a negative impact on the US markets. Based on analysts' opinion, the big seven companies in the tech industry are going to be in the focus of market interest also in the future. Increasing demand for the AI ecosystem will further support businesses within the tech industry. The so-called “Magnificent seven” stocks are ending this year almost 180% higher, with market capitalization exceeding $3 trillion. During the year, Nvidia became the second most valued company in the US. Central bank moves in terms of further cut of interest rates is going to be in the market focus also during the year 2025. High inflation was put into control, based on which, both Fed and ECB made their cuts of reference interest rates during 2024. The trend is expected to continue also during 2025, however, at a lower pace. Fed Chair Powell noted at December's FOMC meeting expectations of further 50 bps cut of rates during 2025. On the other side is the European Central Bank, holding onto actual macro data in order to make a further decision on rate cuts. As inflation in the Euro Zone slowed down, a lower rate cut is also expected during 2025. Crypto market cap Although December was a tight month for the crypto currencies market, still, it should be considered that crypto coins had one extremely good year, with a few milestones reached. The year 2024 will be marked as the year when the first BTC spot exchange traded fund has been officially approved and started trading on traditional markets. The second important milestone for BTC was its $100K target. BTC is also ending this year with the all-time highest level reached during the year at $107,8K. Turning to the previous week, total crypto market capitalization was decreased by additional 1%, decreasing the cap by $30B. With the start of the Holiday season on Western markets, total daily trading volumes were significantly decreased to the level of $131B on a daily basis, from $397B traded the week before. Total crypto market capitalization increase from the end of the previous year currently stands at $1.592, which represents a 97% surge from the beginning of this year. BTC closed the previous week at 3% lower from the week before, losing $58B in the market cap. This week ETH was flat, while the rest of altcoins were traded in a relatively mixed manner, as there were both gainers and losers. DASH gained almost 14% in value, while Theta and ZCash increased their market cap by more than 10%, each. This week the value of XRP dropped by 3,3%, LINK was last traded down by 4,7%, while the value of Maker decreased by 6,9%. As it comes to coins in circulation, few altcoins had a higher increase, including IOTA, with a surge in circulating coins of 0,5%, while XRP increased the number of its circulating coins by 0,3% on a weekly basis. For the second week in a row the number of Tether coins on the market decreased, this week by 0,6%. A drop in the number of coins also had Polygon of 2,2% on a weekly basis. Crypto futures market During the previous week both BTC and ETH futures were traded lower compared to the week before. BTC futures were down by more than 2% for all maturities. Futures maturing in December 2025 reached the last price at $103.410, while December 2026 closed the week at the level of $111.930. On a positive side is that investors still perceive positive development for the value of BTC in the future period. ETH futures were traded lower around 4% for all maturities. Futures maturing in December 2025 closed the week at the level of $3.601, while those maturing a year later were last traded at $3.837. The ETH is still struggling to sustain the $ 4K level on a long run.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: December 23 – 29Last week in the news The Fed cut interest rates by another 25 bps, but Powell`s rhetoric in an after the meeting address to the public did not make markets happy. A correction was strong and immediate. The US equity markets were hit the most, followed by the crypto market. A market correction brought the S&P 500 down to the level of 5.930. BTC reached its lowest weekly level at $ 92K, however, recovered as of the weekend to the level of $97K. The price of gold followed US Dollar volatility, dropping down to the level of $2.622. In line with Feds expectations of a 50 bps cut in 2025, the 10Y US benchmark yields jumped to the levels above the 4,5%. At a December FOMC meeting the Fed cut interest rates by another 25 bps, which was generally expected. However, markets were not at all happy to hear what followed. The FOMC projections for year 2025 showed inflation expectations to be higher from previously estimated. The PCE inflation indicator is expected to end 2025 at 2,5%, higher from previous estimation of 2,2%. The targeted 2% is expected to reach in 2027. At the same time the Fed expects the jobs market to be cooling, but the GDP forecast was not changed from the previous estimate. As the discounting rate changed, so the markets entered into correction, where US equity markets were hit the most. On a positive side for US markets is that the Bank of Japan decided to hold interest rates at 0,25% for the third time this year. Considering significant carry trade in Yen, this is positive news that markets will not suffer another shock till the end of this year. A hit for the European markets during the previous week was a slide of value of Novo Nordisk shares by 20%. This drop came after the Danish drug maker published results for a weight-loss drug that did not meet expectations in a trial. Although the drug was expected to help patients to lose 25% in weight, the trial showed efficiency of 22,7%. It seems a low difference in effect, but might make a huge difference with competition, hence, investors decided to reduce the value of Novo Nordisk. China is continuing execution of its long term goals to be the leader in the field of electric vehicles in the future period. The news published by Reuters, points to a Chinese company Nio which has introduced its new EV car model, with the aim to compete with Mercedes SMART and BMW Mini electric vehicles. Nio`s EV will have the same price as German carmakers on China's market. Germany's auto industry is already facing difficulties with car sales, where China was one of the main markets, after Europe. Crypto market cap It was a hard week on the crypto market. Unfortunately, this was also the last actively trading week for this year, before the Holiday season in the Western markets. So, what actually happened? The Fed managed to spoil Holiday fun and decided to revise its economic projections for the next year. In a fear of inflation which is expected to be persistent, the Fed is expecting to cut interest rates probably two times, in total by 50 bps. This is exactly what markets did not want to hear, considering that now the discount factor is higher, bringing evaluations into a correction. Also, it should be considered that borrowed money will be more expensive, from previous projections, which again might imply less funds for the crypto market. Total crypto market capitalization decreased by 7% on a weekly basis, although the drop in one moment was more than 10%. Friday's market correction erased some of the weekly losses. Daily trading volumes were also higher, to the level of $397B on a daily basis, from $297B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $1.622B, which represents a 99% surge from the beginning of this year. Bitcoin was the one to drive the market sentiment during the previous week. However, BTC lost “only” 3,5% in value compared to the price from the end of the week before. BTC also lost $71B in its market cap. Still, when it comes to drop in value in relative terms, altcoins were the ones that lost the most during the previous week. The range goes from 10% up to 30% with some specific coins. The majority of altcoin lost somewhere around 20% on average. It could be noted that major coins lost much less in value from other altcoins. In this sense, XRP was down by 6% on a weekly basis, BNB dropped by 6,5%. Surprisingly, or not, ETH dropped by 12,5%, earning $57B from its market cap. Considering coins in circulation, the increased activity continues. Stablecoin Tether withdrew the number of coins by 0,2%. LINK had an increase in the number of coins on the market by 1,8%, while Filecoin increased its circulating coins by 0,4% this week. The majority of other altcoins had an increase by 0,1% during the week. Crypto futures market The spot market was not at all pretty during the previous week, hence, the crypto futures market could not look much better. Both BTC and ETH futures were traded lower for all maturities, in line with spot market sentiment. However, there are also some positive developments, not all looks so bad. BTC futures fell by more than 5% for all maturities. Still, on a positive side is that futures maturing from April 2025 hold the levels above the $100K. Also, December 2025 ended the week at the level of $105.710, while March 2026 was last traded at $107.990. This is a positive sign that the market still perceives BTC strong in the long run. ETH futures had a stronger drop on a weekly basis, of around 12,5% on average for all maturities. The prices of futures fell below the $ 4K levels. December 2025 was last traded at $3.721, while March 2026 closed the week at $3.790.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: December 16 – 22Last week in the news The ECB cut euro reference rates by 25 basis points, which the market expects also for Fed at their FOMC meeting on December 18th. Markets were traded in a relatively mixed manner during the previous week, positioning as per expectations for the forthcoming rate cut. The S&P 500 tested for one more time the recent ATH, however, ended the week a bit lower, at the level of 6.051. The price of Gold reverted a bit during the week, on US Dollar strengthening, closing the week at the level of $2.647. The US Treasuries were reacting on inflation data, in expectation of the forthcoming rate cut, where the 10Y benchmark yields returned shortly back toward the 4,4% level. The crypto market had a relatively mixed week, with BTC shortly tested the $95K support line, but ended the week above the $100K level. The European Central Bank cut interest rates for another 25 basis points, as expected. The ECB is for some time struggling to achieve the inflation within the targeted level of 2%, and to sustain the Euro Zone economy which was hit by the environment of high interest rates. The ECB President Lagarde tried to stay optimistic, and pointed to the better-than-expected growth in Q3 and that “the economy should strengthen over time”. The latest ECB economic projections were also optimistic. It projects a growth of 1,1% in 2025, while inflation should move around targeted 2%. Still, it should be mentioned that these projections do not include effects of potential moves from the US newly elected President. The company Broadcom was highly discussed in the news during the previous week. It was in the market stoplight due to the company's surge in the price of shares by 24% for the week, after the company published that its revenue generated through AI products soared by an incredible 220% for the quarter. At the same time, the company reached a $1 trillion club. At the moment analyst opinions are divided regarding the future prospects for this company. On one side, there are those who strongly support the opinion that the company's value will only grow amid increasing demand for AI chips, while on the other side are those who noting that it is a heavy field for one company to stay competitive to NVDA. The US Nasdaq index, which follows the 100 largest US companies, announced that it is planning to include MicroStrategy in its latest yearly rebalancing of the index. Analysts are noting that this move will be positive for Michael Saylor`s company, as it will increase the demand for shares originating from exchange traded funds. News is reporting that one of largest banks in France, Societe Generale has successfully conducted the first Repo transaction with the National Bank of France. Bonds were deposited on Ethereum blockchain, in exchange for the central bank digital currency. Crypto market cap During the previous week the crypto market was traded in a mixed manner. One of the supporting notes for BTC came from CEO of the BlackRock investment fund, Larry Fink, who noted his opinion that a diversified portfolio should contain up to 10% exposure in BTC. A strong demand for BTC still holds on the market, which helped this coin to return toward levels above the $100K, after modestly reverted to $95K. Still, total crypto market capitalization decreased by modest 2% during the end of the week, losing some $80B in value. Daily trading volumes also eased, reaching $279B on a daily basis, which is a drop from $405B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $1.862B, which represents a 114% surge from the beginning of this year. Most of the crypto coins were traded with a negative sentiment during the previous week. Still, the market was driven by BTC, in which sense, total weekly loss eased due to inflow in BTC of $ 26B, increasing its value by 1,3% on a weekly level. On the opposite side was ETH, with a weekly loss in the market cap of $19B or 3,95%. DOGE was also on a losing side, with a drop in value of $9,5B or more than 14%. ADA dropped by 12,2%, decreasing cap by $ 5B, while BNB ended the week down by 5,8%, losing $$6,2B. Among the highest losers in relative terms were coins like Bitcoin Gold, which dropped by 41% w/w, DASH, EOS, IOTA, DOT lost more than 20% in value, while the majority of other coins lost somewhere between 6% and 20%. Tether was one of rare coins which increased its market cap by 1,65%, increasing by this percentage the number of its coins on the market. Increased activity within the field of circulating coins continues. The highest weekly increase came from SOL, which increased the number of circulating coins by 0,6%, and was followed by IOTA, with a surge of 0,5%. Thai week Filecoin increased the number of coins by 0,4%, while the majority of other coins had an increase of 0,1%. Crypto futures market The crypto futures market reflected the sentiment from the spot market as of the end of the previous week. BTC short term futures were holding relatively flat compared to the previous week, while the longer term ones just modestly dropped by around 0,5%. However, futures maturing in December 2025 were traded almost flat to the week before, with closing price of $111.685, and $114.090 for maturity in March 2026. ETH futures which are maturing as of the end of the year had a significant drop of 18% on a weekly level. The longer maturities had a lower weekly drop of around 3,5%. Futures maturing in December 2025 closed the week at the level of $4.242, while those maturing in March 2026 were last traded at $4.320.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: December 9 – 16Last week in the news A positive sentiment still holds on financial markets, but a star of the previous week was BTC. The value of BTC managed to cross the $100K level for the first time in history of this coin. The US equity markets also traded in a positive sentiment for the third consecutive week, with the S & P 500 reaching a fresh new all time highest level at 6.090. The US Dollar weakened a bit during the week, while the price of gold was traded sideways. The US mixed November jobs data supported market expectations over another 25bps Fed's rate cut, in which sense, the 10Y Treasury yields were traded to the downside, ending the week at 4,17%. The US Non-farm Payrolls and unemployment data were the main macro data posted for the week. The results were pretty mixed as defined by the majority of macro analysts. The US added 227K new jobs in November, which was modestly above the market expectation. At the same time, unemployment reached 4,2% in November, a bit higher from 4,1% posted previously. The analyst described figures as “not too hot and not too cold”. Still, it did not change the current sentiment regarding the expectation over a 25 bps Fed's rate cut. As per CME FedWatch Tool, currently there are 85% odds that the Fed will cut at their December meeting, scheduled for December 17-18th. The news that pushed BTC to the levels above the $100K target was a nomination of Paul S. Atkins as a new leader of the US Securities and Exchange Commission. Atkins previously served in the SEC, under the Bush administration, and is known as a supporter of free-market principles. He is also known as a supporter of Chamber of Digital Commerce, which supports bringing up the clear regulation in the US regarding the crypto currencies. In a recent interview with CNBC, a CEO of MicroStrategy, Michael Saylor, noted that the company wants to take Treasury function for BTC holders. As the company already is providing bonds, convertible bonds, notes, options, backed with crypto assets, they indeed might take a higher role in the further development of the BTC market in the US. At the same time, at his X account, Michael Saylor posted that the company bought another 15.400 BTC at the price of $95.976, bringing it to total holdings of 402.100BTC. The European Central Bank issued a second progress report on the digital Euro preparation phase. The report notes an update of the single rulebook with comments from consumers and business and also calls for applications to select potential external providers of the service. Crypto market cap The previous week was a significant one for the crypto market. The long awaited $100K target for BTC has been reached. Actually the new all time highest level for BTC currently stands at $103.813. The news that hit the market and also the crypto market to the upside was the announcement of the nomination of Paul S. Atkins as the new SEC Chair under the Trump administration. Atkins is known in the business circles as a person who supports a clear regulation of the crypto market, in which sense, the crypto investors are expecting some positive developments under his presidency. Total crypto market capitalization was increased by additional $ 230B, or 7% on a weekly basis. Daily trading volumes were again increased to the level of around $405B on a daily basis, from $320B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $1.942B, which represents a 119% surge from the beginning of this year. The majority of coins ended the week in green. Although BTC was certainly a star of the week, still, the altcoins were for one more time in the center of investors attention. Despite the new ATH, BTC ended the week by 2,8% higher from the week before, adding $55B to its market cap. ETH was another star of the week, as the coins managed to touch the $ 4K level, bringing its market cap higher by 7,3%, adding $ 33B to it. XRP continues to shine for the third week in a row. This week, XRP managed to add an additional 30% to its cap, increasing it by $33B. BNB had an excellent week, where its market cap increased by more than 14% or almost $14B. This week, Tron should be mentioned as the coin surged by 54% w/w, adding to its market cap $9,7B. Extraordinary week on the crypto market, where the majority of other altcoins managed to add somewhere between 15% and 30% in value. Developments with circulating coins continue. This week Polygon should be especially mentioned, as it decreased the number of its coins in circulation by 12% w/w. On the opposite side were the majority of other altcoins. Tether had another good week, where the number of coins increased by additional 2,8%, increasing its market cap by this percentage. Filecoin had a surge of coins in circulation by 0,5%, while Maker had an increase of 0,4%. Crypto futures market Same as the spot market, the crypto futures market was quite happy with the nomination of Paul S. Atkins as a new SEC Chair. BTC short term futures were traded higher by 3%, while the longer term ones by more than 4%. Current structure of futures prices looks pretty positive, with December 2024 last traded at $101.580, and above the $100K target. December 2025 closed the week at the level of $111.715. ETH futures had a stronger weekly push in the value of futures, which were traded by more than 12% higher from the week before. Futures maturing in December this year closed the week at the level of $4.068, the first time after many weeks, the price was closed above the $ 4K target. This level holds for other maturities, so December 2025 was last traded at $4.388.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: December 2 – 8Last week in the news Regardless of a Thanksgiving Holiday in the US during the previous week, markets ended November with a positive sentiment. The US equity market ended its one of best months in the year, with the S & P 500 reaching its new all-time highest level at 6.040. Decreased geopolitical risks and strengthening of US Dollar, impact the price of gold to slow down a bit during the week, ending it around $2,670 level. In expectation of further Fed's rate cuts, the 10Y US Treasury yields dropped to the level of 4,17%. The crypto market remained with a positive post-election sentiment, where BTC tried for one more time to break the $100K level. From the US macro perspective, there were two major events during the previous week, which impact market sentiment prior to Holidays. Fed's favorite inflation gauge was released, as well as FOMC Minutes from their November's meeting. The PCE data were in line with market expectations. The PCE price Index increased by 0,2% in November, reaching the yearly level of 2,3%. Core PCE remained smoothly elevated at the level of 0,3% for the month. At the same time, Personal Income was higher by 0,6% for the month, while Personal Spending was up by 0,4% for the month. The FOMC meeting minutes revealed conclusions of Feds members at their November meeting that if inflation continues further to slow down and if labour data continue to move in line with their expectations, this would be a solid case for further rate decrease. Current odds for 25 bps interest rate cuts stands at 66%, as per CME FedWatch Tool. Another event that was closely watched by investors during the previous week is a shopping-holiday popularly called the Black Friday. First estimations showed that the spending of US customers climbed by 3,4% on a yearly basis. This year total e-commerce sales over the internet increased by an incredible 14,3% year-over-year, which shows a clear change of customer habits for incline purchase instead of shopping in stores. Analysts from Morgan Stanley gave their projection of equities in China for the year 2025. As per their analysis, China can expect a relatively volatile equity market, with major threats mentioned “earnings pressure, geopolitical risks and potential tariffs”. At the same time, analysts see that exports will hold, due to competitive pricing, however, the housing market is expected to stay under pressure. In an interview with CNBC, a VettaFi representative said that the next year belongs to small cap companies, in which sense, a small-cap index Russel 2000 could benefit the most. The environment of lower interest rates would be beneficial for further growth of these companies. Such sentiment started from November, where the index Russel 2000 gained 11%, and total 35% during the course of this year. Crypto market cap Although BTC was the star of the crypto market in the after-election period, still, the previous week belongs to altcoins, since now they are the ones to drive the total crypto market capitalization to the upside. Total crypto market capitalization increased by 2% on a weekly basis, where mostly altcoins managed to add some $70B. At the same time, daily trading volumes remained elevated, around $320B on a daily basis, modestly decreased from $412B traded two weeks ago. Total crypto market capitalization increase from the end of the previous year currently stands at $1.712B, which represents a 105% surge from the beginning of this year. During the previous week BTC was on a net losing side, decreasing its market cap by modest $ 20B or 1% on a weekly basis. Another altcoin that was driving the market to the downside was market favourite Solana, with a drop in value of 6% or $7.4B. ETH and XRP were coins which gained the most in nominal terms. ETH managed to add $34.8B to its market cap, increasing it by 8.4%. XRP continues to drive market attention, with this week's surge of 28.7%, adding another $24.5B to its market cap. ADA was another altcoin with solid weekly performance, with an increase in its cap by $ 1B or almost 3%. THETA should be especially mentioned this week, as the coin gained 62% on a weekly basis, and was traded at the level of $3.11. Such an increase was rare to see previously with THETA. In relative terms, market attention was standing with Algorand, which increased its value by 53.3%, Filecoin was up by 32%, Uniswap was traded higher by 17%, while Maker gained 12% w/w. Increased activity with circulating coins continues. This week Polygon was on a negative side, with a decrease of total coins on the market by 3.9%. On the opposite side was Filecoin, with an increase by 0.8%, IOTAs number of coins increased by 0.5%, while Stellar added 0.2% of new coins. Tether should be especially mentioned, as this week stablecoin increased its number of coins by 1.4%, same as its market capitalization. Crypto futures market As of the end of the previous week, the crypto futures market eased a bit for BTC, in line with the spot market developments. BTC futures were traded more than 2% lower for all maturities. During the week, futures maturing in December 2024 reached the level of $100K, however, they are ending the week at $98.540. However, futures from February 2025 are holding above $100K, where December 2025 closed the week at $107.120. On the opposite side were ETH futures which were traded in green by more than 8% for all maturities. December 2024 ended the week at the level of $3.631, while those maturing a year later were last traded at $3.894. It is important to note that futures maturing in March 2026 are nearing toward the $ 4K level, while the closing price was $3.966.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: November 25 – December 1Last week in the news The crypto and gold markets were in the spotlight of the markets during the previous week, considering that there has not been much significant US macro data posted. Investors' positive sentiment for BTC continues to hold, where BTC reached levels quite close to the $100K mark. Despite US strengthening, the price of gold returned to the levels above the $2,7K considering ongoing geopolitical risks. The US Treasury yields are waging current macro data, searching for a clue whether the Fed will skip rate cut in December. The 10Y benchmark yields modestly eased till the level of 4,4%. The US equities were also traded with a positive sentiment, but the investor attention is currently switched from tech giants toward the industrials and consumer sectors. The S&P 500 ended the week at the level of 5.969. The news that spotted the most market attention during the previous week is that SEC Chair Gensler will step down from his current position on January 20th. In an official statement by the SEC, Gensler noted that during his mandate “the SEC has met our mission and enforced the law without fear or favor”. The crypto market reacted positively to this announcement. On the other hand, news from Saturday is that a new US President elected Donald Trump nominated Scott Bessent as a new Treasury Secretary in his administration. As a reasoning, Trump commented on Bassent as “one of the world's foremost international investors and geopolitical and economic strategists”. The latest BTC rally toward the $100K certainly spotted market attention. However, there is an emerging number of analysts who are pointing toward the risks of investments in the crypto market, as they are pointing out that some investors might be confused by treating BTC in the same manner as gold. State Street Global Advisors are the latest to point to this distinction, pointing out that BTC does not offer stability as gold, calling the crypto narrative “manipulative”. Tesla shares continue to gain, as well as the wealth of Elon Musk. Reuters reported that the US judge rejected the request from the US SEC to sanction Elon Musk for not appearing at the court-order testimony related to regulators probe over his takeover of Twitter. A so-called Black Friday, a holiday shopping season is nearing, so investors used the previous week to open positions with companies in the retail sector. As the consumer sector showed signs of strength, the retailers revised their earnings forecasts for the end of this year. Analysts are certain that this year Black Friday might provide the real picture of actual strength of consumer spending in the US. Crypto market cap An interest in the crypto continues to hold investors on the market. A new record was reached during the previous week, where the total crypto market passed the value of $3 trillion for the first time in the history of this market. Actual value of the market as of the weekend stands at $3.28 trillion which represents an increase of 10% on a weekly basis, where there has been added a fresh new $285B to its value. Daily trading volumes also reached new historically highest values with a turnover of around $412B on a daily basis, which is a surge from $351B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $1.642B, which represents a 100% surge from the beginning of this year. During the previous week all coins gained in value, with some significant fund inflows in both major coins but also in other altcoins. BTC led the market with a surge in value of 7.7% on a weekly basis, adding a new $138B to its market cap. ETH followed the path, with an increase of 8.6% w/w in value or $32.8B. XRP continues to gain market attention since last week, with an increase from this week of 28% or $18.6B. ADA is among significant gainers, with a weekly gain in value of 39.8% or $10.6B. Market favourite Solana surged by 19.4% or $19.8B. During the previous week the absolute weekly winner was XRP, however, this week Stellar surged by an incredible 142.8% on a weekly basis, which was the highest weekly gain for this coin ever. Incredible weekly returns go on, where coins gained somewhere from 8% up to 20% or 30%. There has also been increased activity when circulating coins are in question. First, Tether should be mentioned, as this stablecoin added 3.7% of new coins on the market, increasing by this number its total market cap. This week Solana added 0.6% of new coins to the market, while Filecoin and Maker number of coins surged by 0.4%. Crypto futures market Increased optimism from the spot market was evident also on the crypto futures market. Both BTC and ETH futures continued to gain for all maturities. Some new ATHs are evident with BTC long term futures. BTC futures were traded by 8.5% on average higher. December 2024 ended the week at the level of $100.815, which is the first time that this maturity passed the level of $100K. At the same time futures maturing in December 2025 also reached their historically highest levels at $109.570. This is quite a positive sign for BTC over market expectations in the future period. This week ETH futures also gained considerably, around 7% on average for all maturities. December 2024 ended the week at the level of $3.364, while futures maturing in December 2025 closed the week at $3.585. On a positive side for ETH is that all maturities managed to pass the $3K psychological level.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: November 18 - 24Last week in the news The Fed “is not in a hurry” was the sentence which marked the previous week on financial markets and impacted its sentiment. The US Dollar continued to gain for the second month in a row, pushing the price of gold to the lower grounds. Gold ended its worst week within the last three years at the level of $2,56K. The US equity markets dropped during the week, both on news that the Fed might postpone interest rate cuts and on the nomination of a new administration in the US. The S&P 500 dropped to the level of 5.870. The US Treasury yields continue to eye higher grounds, ending the week at 4,44%. The only market which continues to perform with strong surplus is the crypto market. BTC reached another ATH, during the week, marking the $92K. The Fed Chair Powell's speech at Dallas during the previous week was the most important for financial markets during the previous week, as the Chair noted strong US economic growth, based on which, the Fed is not “in a hurry to lower interest rates”. Market reacted to this statement, by bringing equities lower and Treasury yields to the higher grounds. As for US macro data posted during the previous week, the Inflation figures for October showed core inflation at 3,3% y/y and inflation rate at 2,6% y/y, which was in line with market expectations. The Retail Sales further surged in October by 0,4%, while the Industrial Production dipped by -0,3%y/y in October. Palantir, a company developing software for military use, spotted the most market attention during the previous week. The stock is currently trading some 45% higher from the moment the company posted much better than expected quarterly results. On the other hand, the company officially published that it will change its listings to Nasdaq, on November 26th. Analysts are estimating that a switch to Nasdaq would increase stocks availability to retail investors. The news that hit the aluminium market during the previous week came from China. Namely, China officials announced that the Government will cut its export tax rebate policy on aluminium, starting from December 1st. The purpose of these tax rebates was to make China's products more competitive on the global market, making China's products more cheaper. China is by far the largest producer of aluminium, with an yearly output of 40 million tonnes. There is no need to specifically mention that the BTC price surged to the levels above the $90K in a post-election, however, the surge in XRP price deserves special attention. Namely, during the previous week a news came that the State Attorneys and the DeFi Education Fund made charges against the SEC for unconstitutional overreach in terms that the SEC overstepped its boundaries when it comes to its actions against digital asset exchangers. Although the lawsuit is not directly connected to Ripple, still, a positive outcome will have implications on SEC`s pending appeal against Ripple, which is a company standing behind the XRP token. Crypto market cap A crypto-friendly new US administration pushed further the value of the crypto market during the previous week. Total crypto market capitalization is nearing $3 trillion, ending the week at the level of $2.995. This represents an 11% increase just for this week, with a total cash increase of $304B on a weekly basis. Daily trading volumes also increased to the level of $351B on a daily basis, which is a surge from $278B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $1.357B, which represents a 83% surge from the beginning of this year. BTC was the coin that was driving the market, however, this week XRP deserves special attention. During the week, XRP gained an incredible 100% increase in value, which could be treated as sort of never-seen result within the one week on the crypto market. What happened? As per news reports, US State Attorneys and the DeFi Education Fund sued SEC for overstepping its legal boundaries with actions against digital asset exchangers. Although this lawsuit does not relate directly to XRP, still, a positive outcome will have positive consequences for this coin and its founder, a Ripple company. Market reaction was immediate, bringing XRP 100% higher, adding $ 33B to its market capitalization. Aside from this event, BTC was generally the coin which gained the most in nominal terms during the week. Total BTC market capitalization was increased by $202B or 12.7% on a weekly basis. On the other side ETH remained relatively flat during the week, with a modest loss of $2.2B of its market cap. A Elon Musk related coin - DOGE, continued with strong gains second week in a row, adding a new $13.6B to its market cap, increasing it by an additional 33.6%. This week Cardano was also among significant gainers, with an market cap increase of $6.2B or 30.4%. Solana was also on the list of gainers, however, its weekly gain was relatively modest compared to other coins, with a surge of $2.1B in the market cap, or 2.1%. Stablecoin Tether also had a good week, as it increased the number of coins on the market by 3.36% w/w, adding $4.14B to its total market cap. Polygon was one of rare coins which actually lost in value during the previous week. The coin dropped by 4.23%, but at the same time decreased the number of circulating coins by 9.3% w/w. Maker and Stellar increased its number of coins on the market by 0.3%, while Filecoin and Polkadot added 0.2% new coins, each. Crypto futures market During the last two weeks the crypto market spotted the most attention from investors, while the crypto futures market followed, with some quite interesting developments during the previous week. In line with the spot market, both BTC and ETH futures gained during the week for all maturities. BTC futures were traded higher by some 19% on average, where December 2024 ended the week at price $93.130. Still, the major development was with BTC futures maturing in December 2025 which finished the week at the level of $101.175. This is the first time in the history of the crypto futures market that BTC passed the level of $100K. Certainly, investors are more than convinced that BTC has a bright future. ETH futures were traded some 4.5% higher on average for all maturities. December 2024 ended the week at the level of $3.129, while futures maturing in December 2025 closed the week at $3.367. These developments are also marking some positive sentiment among investors, considering that ETH futures finally managed to pass the level of $3K for one more time.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: November 11 - 17Last week in the news Regardless of the FOMC meeting and rate cut for another 25 bps, still the major event during the week was related to the US Presidential elections. It seems that investors were more than satisfied with the American votes, as almost all markets finished the week in green, few of them with fresh new all time highest levels. Equity markets were the first to react to election results, by pushing the S&P 500 to new ATH at the level of 6.010. Another market which significantly gained with the election was the crypto market. BTC passed the level of $80K, reaching another all-time highest level. On news that a new US President might influence peace negotiations in the Middle East, the price of gold slowed down and reverted back toward the $2,65K level. The US Treasury bonds were the only to stay resilient, and waited for the FOMC decision in order to return back toward the 4,30 level. The FOMC members cut interest rates by another 25 bps at their meeting held on Thursday. Speaking about the state of the economy, Fed Chair Powell noted that “The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance”. This sentence summarizes the current view of FOMC members on the state of the US economy. Although this was an expected move, still the after-the meeting speech of Fed Chair Jerome Powell was marked with a question whether he will resign if newly elected US President Trump requests from him such a move. He clearly stated that he will not resign and soon after closed the Q&A session. Another topic that is emerging among Fed Governors is what will happen if the US imposes high tariffs on imported goods, as newly elected President Trump was mentioning in his presidential campaign? This question was commented by the Minneapolis Fed President Kashkari, who noted that such an action could worsen a long term inflation outlook. Economists are noting that such a course of action might impact the Fed to increase interest rates again, if inflation needs to be kept under control. While the Western news are speaking about future potential import taxes for foreign goods, which might be implemented by the new US government, China continues to stay focused on its own economy. News have reported that the China government is planning a five-years package around $1,4 trillion in yuan equivalent. The aim with the latest measure is to tackle the Government debt, while there has been announcements that more of aid for the economy might come during the following year. The package should be released mainly through a debt-swap program, however, investors did not perceive such an approach to the current Government problems. The IShares China Large Cap exchange traded fund, was down by nearly 5% on the news. Crypto market cap After the US Presidential elections during the previous week, it seems like there is a new dawn for the crypto market. Namely, as newly elected President Trump was highly pro-crypto during the presidential election, so the markets are currently expecting that the crypto ecosystem will finally have full support from the US government for its further expansion. The market reacted in line with this sentiment, pushing the crypto market and BTC to the new historically highest levels. Total crypto market capitalization was increased by 18% during the whole week, adding more than $412B to the market value. Daily trading volumes were more than doubled from the week before, where it was traded around $278B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $1.053B, which represents a 64% surge from the beginning of this year. It was one of the best weeks on the crypto market, certainly not recently seen. All coins gained during the week, with BTC leading the market. Incredible gains were also part of this weekly story. BTC gained the most of all coins, adding more than $222B to its market cap, increasing it by 16.1%. During the week, BTC also recorded a new all time highest value above the $80K. ETH was in second place with an inflow of $82.6B to its market cap, increasing it by 27.5%. ETH managed to cross the $3K psychological level. DOGE was a surprise of the week, with an increase in the market cap of $17.1B or 73%. More than $ 8B in value managed to add ADA and BNB, where ADA increased its market value by 66.2% while BNB surge was 10.2%. A market favorite Solana should also be mentioned as the coin increased its market cap by $22.1B or 28.44%. The list of gaining coins could continue, as weekly gains were quite significant between 20% and 30%. Only rare coins managed to add below or up to 10% during the week. Coming to coins in circulation, the situation was relatively stable with the exception of a few coins with higher gains and decrease of circulating coins. Maker gained the most new coins as they were increased by 0.7% on a weekly basis. Filecoin, Polkadot, Solana and Stellar added 0.2% of new coins, each. Tether increased the number of coins on the market by 2.2%, increasing by this percentage its total market cap. On the opposite side was standing Polygon, which decreased its number of circulating coins by 1.9%, while Algorand pulled 0.8% of coins in circulation. Crypto futures market The crypto futures market fully reflected developments on the spot market during the previous week. Both BTC and ETH futures significantly gained during the week. BTC futures gained more than 10% for all maturities, while ETH futures surged by around 17%. BTC futures maturing in December this year ended the week at $77.935, while those maturing in December 2025 closed the week at $85.020. March 2026 was closed even higher, at $86.835 which is the highest ever level reached for BTC. Similar situation was with ETH futures, where almost all maturities crossed the psychological $3K line. In this sense, December 2025 closed the week at $2.993, still 17.19% higher from the week before, while December 2025 was last traded at $3.207.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: November 4 - 10Last week in the news During the previous week a mixed US macro data and disappointing NFP data shaped the market sentiment. The US Dollar gained in strength as of the end of the week, pushing the price of gold toward the level of $2.735, after it reached the fresh new ATH supported by geopolitical tensions. The US Treasury yields continue to test higher grounds in a wake of the FOMC meeting in a week ahead, where 4,3% for 10Y US benchmark has been tested. The S&P 500 reverted a bit to the downside, closing the week at the level of 5.728. The weekly best performer was BTC, which was testing the level of $ 73K during the week. The US Non-farm payrolls of 12K in October were the surprise of the week for the markets. Such a weak performance and a significant drop, analysts are contributing to the hurricane and syndicate strikes in the US during October. Still, the question is pending how this figure will affect the FOMC rate decision, scheduled for November 7th. At this moment, markets continue to expect a further 25 bps rate cut. The final FOMC perception of the macro developments will be known after the FOMC meeting on Thursday. CNBC is reporting that the most famous investor, Warren Buffet continues to stockpile cash, which is currently estimated to be $325 billion. This was an increase in Q3, from $276 billion in Q2. The news is reporting that Berkshire Hathaway continues to sell stocks, first place Apple and Bank of America. There are also no buybacks of sold stocks, which might be repurchased when Buffet “believes that the repurchase price is below Berkshire's intrinsic value, conservatively determined.”. News are reporting that the New York Stock Exchange announced plans to extend equities trading on Arca to 22 hours per day, five days a week. The NYSE came to this proposal considering a “growing demand for our listed securities around the world”. It is still under question whether this proposal will be adopted by NYSE. NVIDIA will replace Intel stock in the Dow Jones Industrial Average index on November 8th. Nvidia shares surged by 170% during 2024, while the company surpassed $3,3 trillion in the market cap. In its research, JPMorgan analysts noted that BTC daily mining revenue dropped in October for a fourth consecutive month. Analysts noted that BTC miners earned on average $41.800 per exahash per second of hashrate, which was 1% lower than in September. On a positive side is that transaction fees spiked to 60%. Crypto market cap Although BTC had its rally toward the higher grounds, overall the crypto market had a pretty mixed week. The forthcoming Presidential elections pushed the major coins to higher grounds, however, other altcoins did not perform in the expected manner. Total crypto market capitalization ended the week 2% higher from the week before, where a total $ 46B has been added to the crypto market cap. Daily trading volumes were increased to the level of $140B on a daily basis, from $99B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $641B, which represents a 39% surge from the beginning of this year. BTC was the major coin which was driving the market to higher grounds. From a total market cap increase of $ 46B w/w, BTC added to its market cap a total $48B. This indicates that some other coins were driving the market cap to lower grounds. ETH was also traded with a positive weekly sentiment, adding to its cap almost $ 3B, increasing it by 1%. DOGE was another coin traded in a positive territory, increasing cap by $3.2B or 16.2%. From other altcoins Maker had solid performance, where the coin was traded higher by 11.7% w/w. Interestingly, Solana was traded with a negative sentiment, where $4.2B has been erased from its market cap, which decreased by 5.1%. BNB had a negative week, where its market cap dropped by $2.9B or 3.4%. Other altcoin lost somewhere between 1% and 5%. There has been significantly increased activity with coins in circulation. BNB decreased the number of coins on the market by 1.3%. On the opposite side were Polygon, with an increase of circulating coins by 0.8% w/w, OMG Network increased the number of coins by 0.6%, while Filecoin and Maker added 0.4% new coins to the market. Crypto futures market The crypto futures market ended the week at a positive territory for both BTC and ETH. BTC short term futures were traded higher by 3.5%, while longer term ones were up by 3.6%. BTC futures maturing in December this year were last traded at $70.195, and those maturing a year later closed the week at $76.850. It should be noted that March 2026 was last traded at $78.490 which was its highest price in history. ETH futures were traded around 1.6% higher for all maturities. Futures maturing in December closed the week at $2.554, and those maturing in December 2026 were last traded at $2.744. March 2026 closed the week at $2.794. This shows that investors are still not perceiving ETHs price above the $3K target.
CRYPTOCAP:TOTAL
by XBTFX
MARKETS week ahead: October 30 – November 3Last week in the news Previous week was a relatively calmer one on financial markets. A strong sentiment for US inflation data was the one which pushed the US 10Y yields to the higher grounds, at 4,25%. The US Dollar continued to gain, while ongoing geopolitical issues impacted the price of gold to also end the week at historically highest levels, at $2.746. The US equity markets had a modestly mixed week, with the S&P 500 ending the week at the level of 5.808. The crypto market modestly pulled back, with BTC still holding around the $ 67K level. A week after the ECB cut interest rates, as expected, the markets are reconciling what could be the next move of this Central bank. There has not been much information provided in an after the meeting speech of President Lagarde, except that “disinflation is on the track”. However, analysts are commenting that more has to be done in order to support the weakening EU economy. There has also been discussion that the decreased interest rates made an impact on modestly increased bank lending to corporates and the retail segment in September. Still, the increase of 0,7% for the year, analysts see as relatively low. Tesla (TSLA) shares surged by a significant 22% during the single week, after the company posted better than expected Q3 results. This was the best weekly performance of the company for the last 16 years. TSLA posted a revenue of $25,18 billion, an increase of 8% on a yearly basis. Also, the company posted earnings per share of 78 cents, beating the analysts estimate of 58 cents. News is reporting that the price of BTC was strongly impacted during the previous week by the story published by Wall Street Journal over a DOJ probe on Tether. As per report, the US officials are currently investigating the stablecoin issuer Tether, for its potential involvement in violation of anti money laundering laws and sanction rules. However, Tether Chief technology officer shortly commented on the news on platform X, noting that WSJ is “regurgitating old noise”. In the wake of the US elections, market analysts were investigating the topic of potential impact of US tariffs on Chinese goods to China's economy. Analysts from the CITI Research commented that an introduction of tariffs of 60% might impact a severe drop in China's exports to the US, which now accounts for 14,8% of China's total exports, which would further impact a potential drop in the GDP of China by 2,4%. However, this was only a case study of researchers, while potential increases in tariffs are still only at the level of discussion among some US political figures. Crypto market cap The crypto market relaxed a bit during the previous week, after the week of significant move to the upside. Total crypto market capitalization decreased by 3% on a weekly basis, with a drop in market cap of $58B. Daily trading volumes were also modestly decreased to the level of $99B on a daily basis, from $112B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $595B which represents a 36% surge from the beginning of this year. Majority of crypto coins were traded within a negative territory during the week, with only a few who finished the week in green. BTC slowed down during the week, ending it by 1.6% lower, decreasing its market cap by $22B. ETH followed the sentiment, with a decrease in value of 6.6% or $21B. BNB was also traded toward the downside, where the coin lost $2.2B in value, decreasing it by 2.5%. In relative terms, the few coins which lost the most were NEO, Theta and Maker, with a drop of more than 10%, Polygon was traded down by 14%. Interestingly, this week Solana was in the spotlight of the market, where the coin managed to end a week by 11.5% higher from the week before, adding $8.5B to its market cap. Tron was also among weekly gainers, with an increase in the market cap of 5.3%. There have also been interesting developments with circulating coins. This week Polygon decreased the number of its coins in circulation by 2.2%. Maker also had a withdrawal of coins by 0.2% w/w. On the opposite side were Filecoin, Polkadot, Tether and XRP, which added 0.2% new coins to the market, each. Crypto futures market The crypto futures market reflected the developments from the spot market during the previous week. In this sense, BTC short term futures were traded lower by some 2% on average, while the longer term ones were holding below the 1%, almost flat on a weekly basis. BTC futures maturing in December this year were closed at $67.790, and those maturing in December 2025 were last traded at $74.135. March 2026 ended the week at $75.715. This was a positive signal from the futures market that investors still see the value in BTC in the long run. ETH both short and long term futures were traded down by more than 5% for all maturities. December 2024 ended the week at the level of $2.517, while December 2025 was closed at $2.703. At the same time, futures maturing in March 2026 were last traded at $2.752, moving away from the $3K target.
CRYPTOCAP:TOTAL
by XBTFX