Last week in the news
Trade tariffs and inflation were the most watched words during the previous week, which shaped the market sentiment. Although US equities tried to express some shy positivity, the University of Michigan consumer Sentiment on inflation expectations put a shadow on a positive sentiment. The US equity market was traded sharply to downside on Friday, where the S&P 500 lost 1,97% in value, ending the week at the level of 5.580. On the opposite side was the price of gold, which reached the fresh, new all time highest level at $3.080. The 10Y US Treasury benchmark yields also reacted strongly to increased inflation expectations, dropping on Friday to the level of 4,25%. The crypto market followed the general negative sentiment, where BTC ended the week modestly above the $82K.
The US macro data published during the previous week, strongly impacted market sentiment. The PCE for February showed further modest increase in inflation, as the index reached 0,3% for the month and 2,5% on a yearly basis. Core PCE continues to be elevated, with an increase of 0,4% in February and +2,8% compared to the previous year. However, the highest surprise came from the University of Michigan Consumer Sentiment, final for March, where inflation expectations for this year were elevated to the level of 5,0%, a jump from previous 4,3%. At the same time, there has been an increase in inflation expectations for the next five years, which reached the level of 4,1% from previous 3,5%. The increased inflation expectations in line with news regarding trade tariffs put the negative sentiment among investors, where the US equity markets dropped sharply during Friday's trading session, as well as US Treasury yields.
Another tech company above the $ 1B valuation is free for trading on the NASDAQ from the previous week. The company in question is CoreWawe, under ticker CRWV. The company is a seller of artificial intelligence in the cloud, and is a supplier of OpenAI. CoreWave is better known as one of the companies with the highest initial public offering of $1,5B. The achieved price at the first trading day on Friday was $40 per share.
Analysts from Bank of America noted on Friday that, in their opinion, the equities in the US are still very expensive. The exact wording that was used is that the market “remains statistically expensive on almost every measure we track”. However, they acknowledged the recent correction, but remain cautious on the policy uncertainty.
As news is reporting, Grayscale, the US based investment fund, filed with SEC for the approval for their first spot Avalanche exchange traded fund to be listed on NASDAQ. Grayscale for some time is managing the Avalanche Trust, which carries 2,5% yearly fee. If approved, the ETF will provide for a wider range of investors exposure toward AVAX token.
Crypto market cap
CRYPTO MARKET
Markets were not happy with increased inflation expectations, while further rhetoric regarding new trade tariffs from the US Administration and other world governments are not providing any sort of confidence to investors. Market reacted in a negative manner during the previous week, dragging the crypto market toward the downside. Total crypto market capitalization was decreased by additional 3% or total $72B on a weekly basis. Daily trading volumes were modestly increased to the level of $132B on a daily basis, from $92B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -18%, with $592B outflow of funds.
General negative market sentiment pulled the crypto market toward the downside, but not all altcoins ended the week in red. BTC had the highest decrease in market cap of $28B, decreased its value by 1,7% w/w. ETH lost $16B in value or 6,8%. Other major coins ended the week in a negative territory. XRP had a weekly drop in value of 10,7%, with a loss of
15B in market cap. BNB was down by 3,1%, market favourite Solana decreased its value by 2,5%, while ADA dropped by 4,5%. Few coins finished the week with a positive weekly result. ZCash managed to add to its value almost 18%, Maker ended the week higher by 8,5%.
With respect to coins in circulation, some of the highest weekly gains were marked with stablecoin Tether, with an increase in the number of coins by 0,5%. Solana`s coins in circulation were higher by 0,3%, while Polkadot increased the number of coins on the market by 0,6% w/w.
Crypto futures market
The crypto futures market was also in a negative mood during the previous week. Although BTC lost around 1,7% in value on a weekly basis, its futures decreased much less, around 0,5% for all maturities. Still, for the last three weeks, BTC long term futures fell below the $100K level but are still holding above the $90K. Futures maturing in December this year closed the week at $88.500, which was a drop of around 1% w/w, while futures maturing in December 2026 were last traded at $97.570 or 0,44% lower w/w.
ETH futures had a higher drop on a weekly basis, of more than 5%. In this sense, futures maturing in December 2025 achieved the last price at $1.983, and those maturing in December 2026 ended the week at $2.133.
Trade tariffs and inflation were the most watched words during the previous week, which shaped the market sentiment. Although US equities tried to express some shy positivity, the University of Michigan consumer Sentiment on inflation expectations put a shadow on a positive sentiment. The US equity market was traded sharply to downside on Friday, where the S&P 500 lost 1,97% in value, ending the week at the level of 5.580. On the opposite side was the price of gold, which reached the fresh, new all time highest level at $3.080. The 10Y US Treasury benchmark yields also reacted strongly to increased inflation expectations, dropping on Friday to the level of 4,25%. The crypto market followed the general negative sentiment, where BTC ended the week modestly above the $82K.
The US macro data published during the previous week, strongly impacted market sentiment. The PCE for February showed further modest increase in inflation, as the index reached 0,3% for the month and 2,5% on a yearly basis. Core PCE continues to be elevated, with an increase of 0,4% in February and +2,8% compared to the previous year. However, the highest surprise came from the University of Michigan Consumer Sentiment, final for March, where inflation expectations for this year were elevated to the level of 5,0%, a jump from previous 4,3%. At the same time, there has been an increase in inflation expectations for the next five years, which reached the level of 4,1% from previous 3,5%. The increased inflation expectations in line with news regarding trade tariffs put the negative sentiment among investors, where the US equity markets dropped sharply during Friday's trading session, as well as US Treasury yields.
Another tech company above the $ 1B valuation is free for trading on the NASDAQ from the previous week. The company in question is CoreWawe, under ticker CRWV. The company is a seller of artificial intelligence in the cloud, and is a supplier of OpenAI. CoreWave is better known as one of the companies with the highest initial public offering of $1,5B. The achieved price at the first trading day on Friday was $40 per share.
Analysts from Bank of America noted on Friday that, in their opinion, the equities in the US are still very expensive. The exact wording that was used is that the market “remains statistically expensive on almost every measure we track”. However, they acknowledged the recent correction, but remain cautious on the policy uncertainty.
As news is reporting, Grayscale, the US based investment fund, filed with SEC for the approval for their first spot Avalanche exchange traded fund to be listed on NASDAQ. Grayscale for some time is managing the Avalanche Trust, which carries 2,5% yearly fee. If approved, the ETF will provide for a wider range of investors exposure toward AVAX token.
Crypto market cap
CRYPTO MARKET
Markets were not happy with increased inflation expectations, while further rhetoric regarding new trade tariffs from the US Administration and other world governments are not providing any sort of confidence to investors. Market reacted in a negative manner during the previous week, dragging the crypto market toward the downside. Total crypto market capitalization was decreased by additional 3% or total $72B on a weekly basis. Daily trading volumes were modestly increased to the level of $132B on a daily basis, from $92B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -18%, with $592B outflow of funds.
General negative market sentiment pulled the crypto market toward the downside, but not all altcoins ended the week in red. BTC had the highest decrease in market cap of $28B, decreased its value by 1,7% w/w. ETH lost $16B in value or 6,8%. Other major coins ended the week in a negative territory. XRP had a weekly drop in value of 10,7%, with a loss of
15B in market cap. BNB was down by 3,1%, market favourite Solana decreased its value by 2,5%, while ADA dropped by 4,5%. Few coins finished the week with a positive weekly result. ZCash managed to add to its value almost 18%, Maker ended the week higher by 8,5%. With respect to coins in circulation, some of the highest weekly gains were marked with stablecoin Tether, with an increase in the number of coins by 0,5%. Solana`s coins in circulation were higher by 0,3%, while Polkadot increased the number of coins on the market by 0,6% w/w.
Crypto futures market
The crypto futures market was also in a negative mood during the previous week. Although BTC lost around 1,7% in value on a weekly basis, its futures decreased much less, around 0,5% for all maturities. Still, for the last three weeks, BTC long term futures fell below the $100K level but are still holding above the $90K. Futures maturing in December this year closed the week at $88.500, which was a drop of around 1% w/w, while futures maturing in December 2026 were last traded at $97.570 or 0,44% lower w/w.
ETH futures had a higher drop on a weekly basis, of more than 5%. In this sense, futures maturing in December 2025 achieved the last price at $1.983, and those maturing in December 2026 ended the week at $2.133.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.