Last week in the news
Tariffs-on, tariffs-off continues to shape market sentiment. The US equity markets tried to cover some weekly losses, where S&P 500 ended the week at the level of 5.638, after the index reached its lowest weekly level at 5.508. Considering uncertainty, the price of gold reached another all time highest level at $3K. The US Dollar continues to lose in strength, while US Treasuries are digesting latest inflation data and Michigan Consumer Sentiment with higher inflation expectations. The 10Y US benchmark is ending the week at the level 4,32% and is preparing for the forthcoming FOMC meeting on March 19th. The crypto market had a mixed week, with a lower start and an attempt to close the week higher. BTC passed the $80K resistance, ending the week above the $84K.
The US inflation data for February was in the spotlight of the market during the previous week. Inflation of 0,2% for the month was in line with market expectations, bringing the inflation to the level of 2,8% when compared to the previous year. On a positive side were also jobs figures, where a total of 7,74M new jobs were opened in February, above market expectations of 7,63M. However, surprising figures came from the University of Michigan Consumer Sentiment index, which was much lower from the market forecast. Preliminary figure for March was standing at 57,9, lower from estimated 64,7. At the same time, inflation expectations were increased to the level of 4,9%. The FOMC rate decision is scheduled for March 19th, when Fed officials will also discuss the current market conditions and forecasts.
The integration of the crypto market into the mainstream markets continues through new exchange traded funds, which large investment fund managers are currently filling for with the SEC. As per news published during the previous week, VanEck, a large US investment firm, has filed with SEC a launch of the exchange traded fund which will follow the Avalanche avax coin. Previously, Franklin Templeton, another investment firm, filed a launch of the ETF which will follow the price of XRP, while in February this year, the fund also filed a launch of an ETF following Solana`s spot price.
BTC related convertible bonds are now available to retail investors through the REX exchange traded fund. The convertible bonds of Michael Saylor’s MicroStrategy represent the majority of funds assets. Other holdings include convertible bonds from several crypto miners. The REX ETF was launched on NASDAQ (BMAX), with 0,85% expense ratio and total AUM of $25M.
Crypto market cap
Tariffs-on, tariffs-off were the major driver of the sentiment on financial markets during the previous period. The crypto market was also driven by the generally negative mood of investors which were trying to position for the uncertain future developments. The fear of potential negative effects of imposed tariffs is embedded into current positioning of investors. The crypto market continued with the downtrend during the start of the previous week, but then tried to recover as the week passed on. Total crypto market capitalization decreased by a modest 2% on a weekly basis, losing total $50B in value. Daily trading volumes were also modestly increased to the level of $129B on a daily basis, a shy increase from around $102B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -16%, with $510B outflow of funds.
The crypto market was traded in a mixed manner during the previous week. Some altcoins managed to recover from losses incurred from the start of the week. In this sense, BTC managed to close the week in a red territory with a minor loss of around 1,5% on a weekly basis, where its total cap was decreased by $25B. ETH had a stronger weekly loss of more than 10%, where $ 26B was wiped out in its market value. Polygon and Uniswap were both down by around 10% in value during the week, while Algorand and Maker ended the week more than 8% lower. On the opposite trading side was XRP, who managed to add to its value 4% w/w, increasing its cap by $5,5B. BNB was also one of coins with a solid week, as it increased its market cap by 5,7% or $4,77B. OMG Network should be specially mentioned, as the coin increased its value by more than 13% during the week.
There has been a modest development with coins in circulation of certain altcoins. Tether had an increase of its value and also its circulating coins by 0,5% w/w. LINK made an increase of its coins on the market by 3%, while Solana, Algorand and Filecoin had an increase of 0,2%, each. On the opposite side was Maker, with a decrease of -0,5% of its total coins on the market.
Crypto futures market
Although Friday's trading session brought some positive sentiment to the crypto market, still, futures did not manage to catch up with a positive territory. Both BTC and ETH futures ended the week in red compared to the end of the previous week. BTC futures were traded lower by around 2,8% for all maturities. In this sense, December 2025 was closed at the price of $90.950, and December 2026 closed the week at $98.945.
ETH futures had a stronger drop in value compared to the previous week, between 10% and 11%. ETH futures maturing in December this year were last traded at $2.057, and those maturing a year later closed the week at $2.211.
Tariffs-on, tariffs-off continues to shape market sentiment. The US equity markets tried to cover some weekly losses, where S&P 500 ended the week at the level of 5.638, after the index reached its lowest weekly level at 5.508. Considering uncertainty, the price of gold reached another all time highest level at $3K. The US Dollar continues to lose in strength, while US Treasuries are digesting latest inflation data and Michigan Consumer Sentiment with higher inflation expectations. The 10Y US benchmark is ending the week at the level 4,32% and is preparing for the forthcoming FOMC meeting on March 19th. The crypto market had a mixed week, with a lower start and an attempt to close the week higher. BTC passed the $80K resistance, ending the week above the $84K.
The US inflation data for February was in the spotlight of the market during the previous week. Inflation of 0,2% for the month was in line with market expectations, bringing the inflation to the level of 2,8% when compared to the previous year. On a positive side were also jobs figures, where a total of 7,74M new jobs were opened in February, above market expectations of 7,63M. However, surprising figures came from the University of Michigan Consumer Sentiment index, which was much lower from the market forecast. Preliminary figure for March was standing at 57,9, lower from estimated 64,7. At the same time, inflation expectations were increased to the level of 4,9%. The FOMC rate decision is scheduled for March 19th, when Fed officials will also discuss the current market conditions and forecasts.
The integration of the crypto market into the mainstream markets continues through new exchange traded funds, which large investment fund managers are currently filling for with the SEC. As per news published during the previous week, VanEck, a large US investment firm, has filed with SEC a launch of the exchange traded fund which will follow the Avalanche avax coin. Previously, Franklin Templeton, another investment firm, filed a launch of the ETF which will follow the price of XRP, while in February this year, the fund also filed a launch of an ETF following Solana`s spot price.
BTC related convertible bonds are now available to retail investors through the REX exchange traded fund. The convertible bonds of Michael Saylor’s MicroStrategy represent the majority of funds assets. Other holdings include convertible bonds from several crypto miners. The REX ETF was launched on NASDAQ (BMAX), with 0,85% expense ratio and total AUM of $25M.
Crypto market cap
Tariffs-on, tariffs-off were the major driver of the sentiment on financial markets during the previous period. The crypto market was also driven by the generally negative mood of investors which were trying to position for the uncertain future developments. The fear of potential negative effects of imposed tariffs is embedded into current positioning of investors. The crypto market continued with the downtrend during the start of the previous week, but then tried to recover as the week passed on. Total crypto market capitalization decreased by a modest 2% on a weekly basis, losing total $50B in value. Daily trading volumes were also modestly increased to the level of $129B on a daily basis, a shy increase from around $102B traded a week before. Total crypto market increase from the beginning of this year, currently stands at -16%, with $510B outflow of funds.
The crypto market was traded in a mixed manner during the previous week. Some altcoins managed to recover from losses incurred from the start of the week. In this sense, BTC managed to close the week in a red territory with a minor loss of around 1,5% on a weekly basis, where its total cap was decreased by $25B. ETH had a stronger weekly loss of more than 10%, where $ 26B was wiped out in its market value. Polygon and Uniswap were both down by around 10% in value during the week, while Algorand and Maker ended the week more than 8% lower. On the opposite trading side was XRP, who managed to add to its value 4% w/w, increasing its cap by $5,5B. BNB was also one of coins with a solid week, as it increased its market cap by 5,7% or $4,77B. OMG Network should be specially mentioned, as the coin increased its value by more than 13% during the week.
There has been a modest development with coins in circulation of certain altcoins. Tether had an increase of its value and also its circulating coins by 0,5% w/w. LINK made an increase of its coins on the market by 3%, while Solana, Algorand and Filecoin had an increase of 0,2%, each. On the opposite side was Maker, with a decrease of -0,5% of its total coins on the market.
Crypto futures market
Although Friday's trading session brought some positive sentiment to the crypto market, still, futures did not manage to catch up with a positive territory. Both BTC and ETH futures ended the week in red compared to the end of the previous week. BTC futures were traded lower by around 2,8% for all maturities. In this sense, December 2025 was closed at the price of $90.950, and December 2026 closed the week at $98.945.
ETH futures had a stronger drop in value compared to the previous week, between 10% and 11%. ETH futures maturing in December this year were last traded at $2.057, and those maturing a year later closed the week at $2.211.
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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.