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Weekl Trend Overview

The overall trend of the crpto market has been relativel sluggish this week. Although most of the top mainstream currencies have seen some price increases, the trend has basicall shown a state of first rising and then falling, without a significant continuous upward trend. The trend is intensifing towards the end of the weekend closing period, although market trading volume has increased, it is mainl due to price decline. The overall market value growth of the crpto market has not changed much compared to the same period last week, currentl maintaining around $2.29 trillion, a decrease of 0.61% within 24 hours. The market sentiment remains at 52, slightl sluggish. The trend of ke mainstream currencies this week is not clear, with man currencies fluctuating around their respective ke price levels. Overall, the crpto market will continue the downward trend of the past few das during the weekend, but the magnitude will be relativel controlled within a relativel small area.

Compared to last week, the total crpto market this week remains around $2.3 trillion, currentl around $2.29 trillion. Overall, the market is in a period of significant volatilit, and the sluggish market will continue for a period of time. The fluctuation ratio of the top 100 crpto projects within a week is 6:4, and most coin prices have shown a significant rebound, but the overall magnitude is not particularl significant. The price of BTC has shown a significant upward trend within a week, but currentl it has shown a continuous downward trend, maintaining around $62,054, with a weekl increase or decrease of about 5.07%. The ETH situation is similar, but the decline is more significant, with an increase or decrease of around 0.5%, currentl maintaining a fluctuation of around $3,004.

The best performing coin in the market this week was RNDR, with a 7-da increase of 42.09%. The coin price is currentl maintained around $11.02, ranking first in a week of gains.

The overall trend of the crpto market has been fluctuating this week, and it is expected to continue to maintain this trend during the weekend.

Crpto Market

Friend.tech opens airdrop and releases the V2 version.

LaerZero takes a snapshot and launches a witch hunt campaign: those who surrender receive an expected 15%, those who report others receive an expected 10%, and those who do not surrender will receive a 0 allocation and will be announced.

Mirror has been acquired and will focus on developing new applications based on Farcaster.

Last week, the dail net inflow of Grascale GBTC, Franklin EZBC, and Blob flooring prices reached historic highs; The first comprehensive net inflow of US BTC spot ETFs; MEME, AI, Auki NFT and other sectors generall rose.

Unlocked this week: $103 million APT, $31.48 million MAVIA, $4.3 million HFT, $920,000 GLMR, $390,000 EUL, etc.

This week, approximatel 27 projects announced the completion of over $260 million in funding round.

Blast launches Jackpot, distributing gold points to token and NFT holders.

Monda 24-hour BTC -1.1%, ETH -1.9%; The top 500 companies with a market value increase or decrease of 30%: IPV+141%, UQC+32%.

On Monda, within 24 hours, the net inflow of US spot BTC ETFs was $218 million.

On Monda, Hong Kong BTC spot ETFs experienced net redemptions for the first time, with a net outflow of $1.7 million for six BTC and ETH spot ETFs.

Last week, the dail destruction volume of Ethereum hit a new low since the beginning of this ear.

Vitalik stated that Plasma's focus is not on preventing invalid/unavailable state transitions, but on preventing asset double exits.

MetaMask launches Smart Transactions feature to respond to MEV attacks.

The crpto wallet Exodus has been approved for listing on the New York Stock Exchange NYSE American.

Friend.tech announced the upcoming release of features such as Kedrops, Memeclups, and Pinned Rooms.

This week, a total of 16 projects or institutions announced (planned) completion of fundraising exceeding $77 million.

On Tuesda, the US spot BTC ETF had a net outflow of $19 million.

168 asset managers alread hold BlackRock IBIT; The fund managed b former Sequoia China partner Cao Xi has a significant stake in the BlackRock BTC ETF, with a scale of over $24 million.

The crpto related PAC has raised $102 million in funding for the US election.

Vitalik proposed an alternative solution to EIP-3074.

Robinhood Q1 revenue is expected to reach a new high in nearl three ears.

The research director of VanEck stated that the MEMEMECOIN index has been launched.

Web3 social application Phaver opens the SOCIAL token for airdrop queries.

Uniswap Founder: Founders and VCs need to stop valuing startups and crpto projects above $1 billion.

The CEO of Grascale stated that Grascale will focus on spot ETH products.

CrptoQuant indicates that the upgrade of Ethereum Dencun has caused ETH to inflate again.

MakerDAO: The suppl of DAI has increased b 1 billion in the past two months and has become the largest stablecoin on the chain in April.

Regulator & Macro Policies

The Federal Reserve maintained interest rates unchanged and reduced its balance sheet b $77 billion in April.

The US Treasur Department has set a quarterl refinancing scale of $125 billion, in line with earlier expectations.

After the quarterl adjustment in April, the non farm emploment population in the United States was 175,000, with an expected 243,000. The April unemploment rate recorded 3.9%, with an expected 3.8%.

The Netherlands arrested ZKasino suspect and seied over 11.4 million euros in assets.

The US SEC has issued a Wells Notice to Robinhood's US crpto business.

The US House of Representatives has passed a resolution aimed at overturning the SEC's crpto accounting polic.

Trump announced that he is accepting crpto donations for the US presidential campaign, which has driven the Meme coin TRUMP to rise b 30% in 24 hours and the Meme coin BODEN to soar.

Crpto Market Highlights

In the past week, the overall crpto market has risen, but the overall growth is relativel weak, with the main trend of most coin prices being first rising and then falling. In the near future, it can be observed that the trading volume of the crpto market is continuousl increasing, but the overall market still lacks clear growth momentum, and the current volatilit ccle will continue for some time.

The market situation has risen this week, although it has experienced a rise followed b a fall, there are also man currencies whose prices have seen significant growth. Among them, RNDE's weekl increase reached 43.52%, and the current price remains around $11.10. The weekl high point of the price once reached $11.28, while the low point appeared at around $7.64 during the opening period, ranking among the top 1 weekl gains. (Source: Coinmarketcap)

BTC & ETH Weekl Performance

Bitcoin (BTC)

(Data Courtes Of TradingView)

The price of BTC has increased slightl this week, but overall it continues the trend of last week on the basis of last weekend. As the weekend closing period approaches, there is a clear downward trend. This has prevented BTC from achieving a high price increase in a week. Presentl, the coin is basicall maintained at around $62,151 and continues to fluctuate, with a certain upward trend at present. The high point of BTC's weekl price is around $65,500, while the low point is a short-term drop to the $60,600 range.

Analsis suggests that due to the lack of significant news and hot factors in recent times, as well as the large net outflow of ETF funds over several das, the market has been unable to have a clear consensus on the bullish expectations of BTC prices this week. Considering the current large market ccle, the coin still needs further positive stimulus.

Ether (ETH)

(Data Courtes Of TradingView)

ETH's price fluctuation this week is greater than BTC's, and it is in a more obvious continuous downward trend. Building on the upward trend from last weekend, ETH prices continued to decline shortl after opening. The high point of the price within a week is around $3,220, while the low point appears around $2,936, which is a short-term decline.

Analsis suggests that the performance of ETH coin prices this week is related to the relativel low number of Ethereum network hotspots in recent weeks. At present, there is also a lack of popular projects and applications within the ecosstem. Given that the review progress of SEC related ETFs is still lagging, this ma make it difficult for ETH prices to return to historical highs this ear.

Web3 Project Trend

This week, the total market value of seven tpes of projects has shown an upward trend. Due to the impact of market ccle changes, each track is mainl affected b market recover. However, the weekl price recover of several ke mainstream currencies is still limited. Currentl, the overall upward trend of the market is expected to continue for a period of time.