Crypto Market Weekly Report: BTC, ETH rise, capital outflow continues

This week, the crypto market presented a complex situation. The price of BTC rose by 3.23%, while ETH increased by 5.17%. However, the total market capitalization of the crypto market decreased by 1.46% to $2.77 trillion, and the fear and greed index remained in the fear range at 27.

In terms of capital flow, both BTC ETF and ETH ETF have seen a net outflow. The BTC ETF has experienced a net outflow for five consecutive weeks, with a weekly outflow amount reaching as high as $830 million this week. The ETH ETF has also shown a net outflow for four consecutive weeks. Notably, the ETH/BTC exchange rate has dropped to 0.023, marking a new low in nearly four years. However, the AHR999 index remains around 0.8, indicating that the BTC price is still within the buying range for long-term investors.

In terms of popular cryptocurrencies, CAKE, MUBARAK, BMT, X, and XRP performed notably. MUBARAK had a weekly rise of 64.02%, with a peak price reaching $0.2158. BMT surged by 77.15%, and CAKE rose by 49%, with a current market capitalization of approximately $700 million.

The U.S. financial markets showed weakness, with the three major stock indices slightly declining. The Federal Reserve kept interest rates unchanged in the range of 4.25% to 4.50%. There are views that the impact of U.S. tariff policies is gradually permeating the economy and may have an indirect effect on the crypto market.

It is worth noting that the Federal Reserve's FOMC will announce its interest rate decision and economic projections summary in the early hours of March 20. A major exchange plans to launch Solana futures on March 17, but still needs to wait for regulatory approval. The U.S. Securities and Exchange Commission's cryptocurrency working group will hold its first roundtable meeting on March 21 to advance discussions on cryptocurrency regulation.

In terms of project dynamics, the Ethereum Layer2 project Starknet will launch its mainnet from March 17 to 24, attracting market attention. Fasttoken and Melania Meme will unlock part of their tokens on March 18, which may have a certain impact on the market.

In addition, the cross-chain communication project saw a market value rise of 89.7% this week, with STAKELAYER, GASP, and ZRO performing exceptionally well. The Consensys Portfolio's market value increased by 60.7%, demonstrating strong resilience against downturns, while projects like VPP, TOKE, AXS, and SKL rose against the trend.