Crypto Market Weekly Overview

This week, the overall crypto market showed a slight upward trend. Bitcoin's price increased by 3.23%, while Ethereum rose by 5.17%. Notably, a certain trading platform's token surged by 7.7%, standing out in performance. However, the total market capitalization still declined by 1.46% to $2.77 trillion, and market sentiment remains in the fear zone, with the fear and greed index holding at 27.

In terms of spot ETFs, Bitcoin ETFs saw a net outflow of about $135 million this week, while Ethereum ETFs also experienced a net outflow of $73.6 million. Bitcoin ETFs have shown a net outflow for five consecutive weeks, with a weekly outflow reaching as high as $830 million this week. Ethereum ETFs have similarly seen net outflows for four consecutive weeks. Notably, the Ethereum/Bitcoin exchange rate has dropped to 0.023, hitting a nearly four-year low. Despite this, the AHR999 index remains around 0.8, indicating that Bitcoin prices are still within the buying range for long-term investors.

This week, the standout tokens 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 more astonishing, reaching 77.15%. CAKE rose by 49%, with a current market value of approximately $700 million.

In the U.S. financial markets, the stock market is showing weakness, with the three major indices slightly declining. The Federal Reserve maintains interest rates unchanged in the range of 4.25% to 4.50%. Trump calls for a rate cut, believing that U.S. tariff policies have begun to impact the economy, which may have an indirect effect on the crypto market.

It is worth noting that the Federal Reserve will announce its interest rate decision and economic projections summary on March 20. A large futures exchange plans to launch Solana futures on March 17, but it still requires 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 popular projects, the Ethereum Layer 2 project Starknet will launch its mainnet from March 17 to 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 is expected to have a certain impact on the market.

The cross-chain communication project saw a market value increase of 89.7% this week, with STAKELAYER, GASP, and ZRO performing excellently. The Consensys Portfolio's market value rose by 60.7%, showcasing strong resilience against declines, while projects like VPP, TOKE, AXS, and SKL rose against the trend.