Crypto Assets Market Weekly Review

This week, the Crypto Assets market has performed steadily overall, with mainstream coins showing slight increases. Bitcoin's price rose by 3.23%, and Ethereum increased by 5.17%. Notably, a certain trading platform's token BMX performed outstandingly, with an increase of 7.7%.

However, the total market value of the crypto assets market has slightly decreased, falling to $2.77 trillion, a drop of 1.46%. Market sentiment indicators show that investors remain in a cautious state, with the Fear and Greed Index maintaining in the fear range at 27.

In terms of fund flows, both Bitcoin ETF and Ethereum ETF have experienced net outflows. The Bitcoin ETF has seen a continuous net outflow for five weeks, with a single-week outflow amounting to 830 million USD. The Ethereum ETF has also been in a net outflow state for four consecutive weeks. Notably, the ETH/BTC exchange rate has dropped to 0.023, reaching a nearly four-year low.

Nevertheless, the long-term investment indicator AHR999 index remains around 0.8, indicating that the Bitcoin price is still within the buying range for long-term investors.

This week's outstanding Crypto Assets include CAKE, MUBARAK, BMT, X, and XRP. Among them, MUBARAK had a weekly increase of 64.02%, reaching a peak of $0.2158. BMT increased by as much as 77.15%. CAKE rose by 49%, currently with a market capitalization of approximately 700 million dollars.

In the US financial markets, the three major stock indices fell slightly. The Federal Reserve kept interest rates unchanged, but former President Trump publicly called for a rate cut, stating that the impact of tariffs is gradually permeating the economy, which may have an indirect impact on the Crypto Assets market.

It is worth noting that the Federal Reserve will announce its interest rate decision and economic outlook summary on March 20. A major derivatives exchange plans to launch Solana futures on March 17, but it still needs regulatory approval. In addition, 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 is scheduled to launch its mainnet from March 17 to March 24. Fasttoken and Melania Meme will unlock 20 million and 26.25 million coins respectively on March 18, with unlock ratios of 4.65% and 17.50%, which may have a certain impact on the market.

This week, cross-chain communication projects performed remarkably well, with a market capitalization increase of 89.7%. Among them, STAKELAYER, GASP, and ZRO stood out particularly. On the other hand, Consensys-related projects saw a market capitalization rise of 60.7%, demonstrating strong resilience against declines, with projects like VPP, TOKE, AXS, and SKL rising against the trend.