Crypto Assets Market Weekly Review

This week, the Crypto Assets market has shown a moderate upward trend. The price of Bitcoin increased by 3.23%, while Ethereum rose by 5.17%. The total market capitalization has slightly decreased, down to 2.77 trillion USD, with a decline of 1.46%. Market sentiment remains cautious, with the Fear and Greed Index staying in the fear zone at 27.

It is worth noting that Crypto Assets ETFs continue to experience capital outflows. The Bitcoin ETF has seen net outflows for five consecutive weeks, with an outflow amount of $830 million this week. The Ethereum ETF is also facing four consecutive weeks of capital outflows. In particular, the exchange rate of Ethereum against Bitcoin has dropped to 0.023, reaching a nearly four-year low. However, the AHR999 index remains around 0.8, indicating that Bitcoin prices are still within the buying range for long-term investors.

In terms of performance of individual coins, MUBARAK surged by 64.02% this week, reaching a peak price of $0.2158. BMT showed even more significant growth, reaching 77.15%. CAKE also performed well, rising by 49%, with a current market value of approximately $700 million.

The U.S. financial markets performed weakly this week, with major stock indices slightly declining. The Federal Reserve kept the current interest rate level unchanged, but former President Trump publicly called for a rate cut, believing that the impact of tariff policies on the economy is gradually becoming apparent, which may indirectly affect the Crypto Assets market.

Several events worth noting include: the Federal Reserve FOMC will announce its interest rate decision and economic outlook on March 20; a certain exchange plans to launch Solana futures products on March 17, pending regulatory approval; the U.S. Securities and Exchange Commission's Crypto Assets working group will hold its first roundtable meeting on March 21 to advance relevant regulatory discussions.

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

Cross-chain communication related projects performed exceptionally well this week, with a market value increase of 89.7%. Notably, STAKELAYER, GASP, and ZRO stood out. The Consensys Portfolio also demonstrated strong resilience against declines, with a market value increase of 60.7%, and its projects such as VPP, TOKE, AXS, and SKL surged against the trend.