Crypto Market Weekly Review

This week, the crypto market showed a slight upward trend overall. Bitcoin's price increased by 3.23%, while Ethereum rose by 5.17%. Notably, a certain trading platform's token surged by 7.7%, performing quite well. However, the total market capitalization of the crypto market still declined by 1.46%, dropping to $2.77 trillion. Market sentiment indicators show that investors remain in a state of fear, with the index staying at a level of 27.

In terms of capital flow, both Bitcoin ETF and Ethereum ETF have shown a net outflow phenomenon. Bitcoin ETF has seen a net outflow for five consecutive weeks, with a single-week outflow amounting to as much as $830 million this week. Ethereum ETF has also experienced a net outflow for four consecutive weeks. It is noteworthy that the exchange rate of Ethereum to Bitcoin has dropped to 0.023, reaching a nearly four-year low. Nevertheless, certain market indicators still show that the price of Bitcoin is within the buying range for long-term investors.

This week's standout cryptocurrencies include CAKE, MUBARAK, BMT, X, and XRP. Among them, MUBARAK saw a weekly increase of 64.02%, with a peak price reaching $0.2158. BMT's increase was even higher at 77.15%, while CAKE rose by 49%, currently with a market cap of approximately $700 million.

In the US financial markets, the three major stock indices fell slightly. The Federal Reserve maintained the current interest rate level, but some politicians are calling for a rate cut, arguing that the impact of tariff policies has gradually permeated the economy, which may have an indirect effect on the crypto market.

It is worth noting that a large exchange plans to launch Solana futures products on March 17, currently awaiting approval from regulatory authorities. In addition, the cryptocurrency working group of the U.S. Securities and Exchange Commission will hold its first roundtable meeting on March 21 to further advance the regulatory discussion on encryption.

Regarding the dynamics of popular projects, the Ethereum Layer 2 project Starknet plans to launch its mainnet from March 17 to March 24, attracting market attention. At the same time, Fasttoken and Melania Meme will unlock part of their tokens on March 18, which may have a certain impact on the market.

This week, cross-chain communication related projects performed remarkably well, with an overall market capitalization increase of 89.7%. Among them, STAKELAYER, GASP, and ZRO stood out particularly. Additionally, a certain investment portfolio saw its market capitalization rise by 60.7%, demonstrating strong resilience against the backdrop of an overall market decline, with projects like VPP, TOKE, AXS, and SKL rising against the trend.