Crypto Assets Market Weekly Overview

This week, the Crypto Assets market has shown different trends. Bitcoin's price increased by 3.23%, while Ethereum rose by 5.17%. The tokens of a certain trading platform performed particularly well, with a rise of 7.7%. However, the overall market capitalization fell by 1.46%, to $2.77 trillion. The market sentiment indicator shows that investors are still in a state of fear, with the index remaining at a level of 27.

It is worth noting that both Bitcoin ETFs and Ethereum ETFs experienced net outflows this week, amounting to approximately $135 million and $73.6 million respectively. The Bitcoin ETF has shown a net outflow for five consecutive weeks, with a single-week outflow reaching $830 million this week. The Ethereum ETF is also facing four consecutive weeks of fund outflows. In particular, the exchange rate of Ethereum against Bitcoin has dropped to 0.023, reaching a new low in nearly four years. Nonetheless, a certain index remains around 0.8, indicating that the Bitcoin price is still within the buying range perceived by long-term investors.

In terms of popular tokens, CAKE, MUBARAK, BMT, X, and XRP have performed remarkably. Among them, MUBARAK had a weekly increase of 64.02%, reaching a peak of $0.2158. BMT rose by 77.15%, CAKE increased by 49%, and the current market capitalization has reached $700 million.

The overall performance of the US financial markets is weak, with the three major stock indices slightly declining. The Federal Reserve has kept the interest rate unchanged in the range of 4.25% to 4.50%. Some politicians are calling for a rate cut, believing that the impact of tariff policies on the economy is becoming apparent, which may indirectly affect the Crypto Assets market.

Recent important events include: The Federal Reserve will announce its interest rate decision and economic outlook summary on March 20; a large financial institution plans to launch Solana futures contracts on March 17, pending approval from regulatory authorities; the cryptocurrency working group of the U.S. Securities and Exchange Commission will hold its first roundtable meeting on March 21 to advance discussions on cryptocurrency regulation.

In terms of project dynamics, the Ethereum Layer2 solution Starknet is expected to launch its mainnet between March 17 and March 24, attracting market attention. Fasttoken and Melania Meme will unlock 20 million and 26.25 million tokens, respectively, on March 18, with unlock ratios of 4.65% and 17.50%, which may have a certain impact on the market.

Cross-chain communication related projects performed strongly this week, with a market capitalization increase of 89.7%, among which STAKELAYER, GASP, and ZRO stood out particularly. The market capitalization of a certain investment portfolio also increased by 60.7%, demonstrating strong resilience against declines, with projects such as VPP, TOKE, AXS, and SKL rising against the trend.