MARKETS week ahead: November 11 - 17Last week in the news
Regardless of the FOMC meeting and rate cut for another 25 bps, still the major event during the week was related to the US Presidential elections. It seems that investors were more than satisfied with the American votes, as almost all markets finished the week in green, few of them with fresh new all time highest levels. Equity markets were the first to react to election results, by pushing the S&P 500 to new ATH at the level of 6.010. Another market which significantly gained with the election was the crypto market. BTC passed the level of $80K, reaching another all-time highest level. On news that a new US President might influence peace negotiations in the Middle East, the price of gold slowed down and reverted back toward the $2,65K level. The US Treasury bonds were the only to stay resilient, and waited for the FOMC decision in order to return back toward the 4,30 level.
The FOMC members cut interest rates by another 25 bps at their meeting held on Thursday. Speaking about the state of the economy, Fed Chair Powell noted that “The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance”. This sentence summarizes the current view of FOMC members on the state of the US economy. Although this was an expected move, still the after-the meeting speech of Fed Chair Jerome Powell was marked with a question whether he will resign if newly elected US President Trump requests from him such a move. He clearly stated that he will not resign and soon after closed the Q&A session.
Another topic that is emerging among Fed Governors is what will happen if the US imposes high tariffs on imported goods, as newly elected President Trump was mentioning in his presidential campaign? This question was commented by the Minneapolis Fed President Kashkari, who noted that such an action could worsen a long term inflation outlook. Economists are noting that such a course of action might impact the Fed to increase interest rates again, if inflation needs to be kept under control.
While the Western news are speaking about future potential import taxes for foreign goods, which might be implemented by the new US government, China continues to stay focused on its own economy. News have reported that the China government is planning a five-years package around $1,4 trillion in yuan equivalent. The aim with the latest measure is to tackle the Government debt, while there has been announcements that more of aid for the economy might come during the following year. The package should be released mainly through a debt-swap program, however, investors did not perceive such an approach to the current Government problems. The IShares China Large Cap exchange traded fund, was down by nearly 5% on the news.
Crypto market cap
After the US Presidential elections during the previous week, it seems like there is a new dawn for the crypto market. Namely, as newly elected President Trump was highly pro-crypto during the presidential election, so the markets are currently expecting that the crypto ecosystem will finally have full support from the US government for its further expansion. The market reacted in line with this sentiment, pushing the crypto market and BTC to the new historically highest levels. Total crypto market capitalization was increased by 18% during the whole week, adding more than $412B to the market value. Daily trading volumes were more than doubled from the week before, where it was traded around $278B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $1.053B, which represents a 64% surge from the beginning of this year.
It was one of the best weeks on the crypto market, certainly not recently seen. All coins gained during the week, with BTC leading the market. Incredible gains were also part of this weekly story. BTC gained the most of all coins, adding more than $222B to its market cap, increasing it by 16.1%. During the week, BTC also recorded a new all time highest value above the $80K. ETH was in second place with an inflow of $82.6B to its market cap, increasing it by 27.5%. ETH managed to cross the $3K psychological level. DOGE was a surprise of the week, with an increase in the market cap of $17.1B or 73%. More than $ 8B in value managed to add ADA and BNB, where ADA increased its market value by 66.2% while BNB surge was 10.2%. A market favorite Solana should also be mentioned as the coin increased its market cap by $22.1B or 28.44%. The list of gaining coins could continue, as weekly gains were quite significant between 20% and 30%. Only rare coins managed to add below or up to 10% during the week.
Coming to coins in circulation, the situation was relatively stable with the exception of a few coins with higher gains and decrease of circulating coins. Maker gained the most new coins as they were increased by 0.7% on a weekly basis. Filecoin, Polkadot, Solana and Stellar added 0.2% of new coins, each. Tether increased the number of coins on the market by 2.2%, increasing by this percentage its total market cap. On the opposite side was standing Polygon, which decreased its number of circulating coins by 1.9%, while Algorand pulled 0.8% of coins in circulation.
Crypto futures market
The crypto futures market fully reflected developments on the spot market during the previous week. Both BTC and ETH futures significantly gained during the week. BTC futures gained more than 10% for all maturities, while ETH futures surged by around 17%. BTC futures maturing in December this year ended the week at $77.935, while those maturing in December 2025 closed the week at $85.020. March 2026 was closed even higher, at $86.835 which is the highest ever level reached for BTC.
Similar situation was with ETH futures, where almost all maturities crossed the psychological $3K line. In this sense, December 2025 closed the week at $2.993, still 17.19% higher from the week before, while December 2025 was last traded at $3.207.
Cryptomarketcap
LINKCrypto market has erupted from its sideways period. Bitcoin pushing all-time high and many altcoins following the trend. Almost all coins are having significant move. LINK can be one of many altcoins with solid fundamental. It covers some of trending crypto narratives that include Defi and RWA. LINK is also operating through many collaboration around the globe.
Price action wise, it is pretty simple. Breaking out from its trend line with supporting volume. Watch $30. SEND IT
MARKETS week ahead: November 4 - 10Last week in the news
During the previous week a mixed US macro data and disappointing NFP data shaped the market sentiment. The US Dollar gained in strength as of the end of the week, pushing the price of gold toward the level of $2.735, after it reached the fresh new ATH supported by geopolitical tensions. The US Treasury yields continue to test higher grounds in a wake of the FOMC meeting in a week ahead, where 4,3% for 10Y US benchmark has been tested. The S&P 500 reverted a bit to the downside, closing the week at the level of 5.728. The weekly best performer was BTC, which was testing the level of $ 73K during the week.
The US Non-farm payrolls of 12K in October were the surprise of the week for the markets. Such a weak performance and a significant drop, analysts are contributing to the hurricane and syndicate strikes in the US during October. Still, the question is pending how this figure will affect the FOMC rate decision, scheduled for November 7th. At this moment, markets continue to expect a further 25 bps rate cut. The final FOMC perception of the macro developments will be known after the FOMC meeting on Thursday.
CNBC is reporting that the most famous investor, Warren Buffet continues to stockpile cash, which is currently estimated to be $325 billion. This was an increase in Q3, from $276 billion in Q2. The news is reporting that Berkshire Hathaway continues to sell stocks, first place Apple and Bank of America. There are also no buybacks of sold stocks, which might be repurchased when Buffet “believes that the repurchase price is below Berkshire's intrinsic value, conservatively determined.”.
News are reporting that the New York Stock Exchange announced plans to extend equities trading on Arca to 22 hours per day, five days a week. The NYSE came to this proposal considering a “growing demand for our listed securities around the world”. It is still under question whether this proposal will be adopted by NYSE.
NVIDIA will replace Intel stock in the Dow Jones Industrial Average index on November 8th. Nvidia shares surged by 170% during 2024, while the company surpassed $3,3 trillion in the market cap.
In its research, JPMorgan analysts noted that BTC daily mining revenue dropped in October for a fourth consecutive month. Analysts noted that BTC miners earned on average $41.800 per exahash per second of hashrate, which was 1% lower than in September. On a positive side is that transaction fees spiked to 60%.
Crypto market cap
Although BTC had its rally toward the higher grounds, overall the crypto market had a pretty mixed week. The forthcoming Presidential elections pushed the major coins to higher grounds, however, other altcoins did not perform in the expected manner. Total crypto market capitalization ended the week 2% higher from the week before, where a total $ 46B has been added to the crypto market cap. Daily trading volumes were increased to the level of $140B on a daily basis, from $99B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $641B, which represents a 39% surge from the beginning of this year.
BTC was the major coin which was driving the market to higher grounds. From a total market cap increase of $ 46B w/w, BTC added to its market cap a total $48B. This indicates that some other coins were driving the market cap to lower grounds. ETH was also traded with a positive weekly sentiment, adding to its cap almost $ 3B, increasing it by 1%. DOGE was another coin traded in a positive territory, increasing cap by $3.2B or 16.2%. From other altcoins Maker had solid performance, where the coin was traded higher by 11.7% w/w. Interestingly, Solana was traded with a negative sentiment, where $4.2B has been erased from its market cap, which decreased by 5.1%. BNB had a negative week, where its market cap dropped by $2.9B or 3.4%. Other altcoin lost somewhere between 1% and 5%.
There has been significantly increased activity with coins in circulation. BNB decreased the number of coins on the market by 1.3%. On the opposite side were Polygon, with an increase of circulating coins by 0.8% w/w, OMG Network increased the number of coins by 0.6%, while Filecoin and Maker added 0.4% new coins to the market.
Crypto futures market
The crypto futures market ended the week at a positive territory for both BTC and ETH. BTC short term futures were traded higher by 3.5%, while longer term ones were up by 3.6%. BTC futures maturing in December this year were last traded at $70.195, and those maturing a year later closed the week at $76.850. It should be noted that March 2026 was last traded at $78.490 which was its highest price in history.
ETH futures were traded around 1.6% higher for all maturities. Futures maturing in December closed the week at $2.554, and those maturing in December 2026 were last traded at $2.744. March 2026 closed the week at $2.794. This shows that investors are still not perceiving ETHs price above the $3K target.
$TOTAL Market Cap 259 Day BREAKOUT!At last, the Crypto CRYPTOCAP:TOTAL Market Cap has a BREAKOUT from the 259 Day trend!
This was the lagging chart I was watching to confirm the next leg up in the bull market.
The 20DMA has also crossed the 200DMA for the first time in 12 months. This is a SUPER bullish signal, as you can see what occurred last time in October 2023.
With less than 1 week away until Donald Trump is declared President of the United States, and the FOMC announcing another round of rate cuts the following day, we can expect a lot of volatility in the market.
The 20DMA should act as a good support on the way up.
The final signal will be when the Fed announces they will stop selling securities from their balance sheet. This will signal a new round of quantitative easing, and complete risk-on.
Tick-tock MFers. Position accordingly!
MARKETS week ahead: October 30 – November 3Last week in the news
Previous week was a relatively calmer one on financial markets. A strong sentiment for US inflation data was the one which pushed the US 10Y yields to the higher grounds, at 4,25%. The US Dollar continued to gain, while ongoing geopolitical issues impacted the price of gold to also end the week at historically highest levels, at $2.746. The US equity markets had a modestly mixed week, with the S&P 500 ending the week at the level of 5.808. The crypto market modestly pulled back, with BTC still holding around the $ 67K level.
A week after the ECB cut interest rates, as expected, the markets are reconciling what could be the next move of this Central bank. There has not been much information provided in an after the meeting speech of President Lagarde, except that “disinflation is on the track”. However, analysts are commenting that more has to be done in order to support the weakening EU economy. There has also been discussion that the decreased interest rates made an impact on modestly increased bank lending to corporates and the retail segment in September. Still, the increase of 0,7% for the year, analysts see as relatively low.
Tesla (TSLA) shares surged by a significant 22% during the single week, after the company posted better than expected Q3 results. This was the best weekly performance of the company for the last 16 years. TSLA posted a revenue of $25,18 billion, an increase of 8% on a yearly basis. Also, the company posted earnings per share of 78 cents, beating the analysts estimate of 58 cents.
News is reporting that the price of BTC was strongly impacted during the previous week by the story published by Wall Street Journal over a DOJ probe on Tether. As per report, the US officials are currently investigating the stablecoin issuer Tether, for its potential involvement in violation of anti money laundering laws and sanction rules. However, Tether Chief technology officer shortly commented on the news on platform X, noting that WSJ is “regurgitating old noise”.
In the wake of the US elections, market analysts were investigating the topic of potential impact of US tariffs on Chinese goods to China's economy. Analysts from the CITI Research commented that an introduction of tariffs of 60% might impact a severe drop in China's exports to the US, which now accounts for 14,8% of China's total exports, which would further impact a potential drop in the GDP of China by 2,4%. However, this was only a case study of researchers, while potential increases in tariffs are still only at the level of discussion among some US political figures.
Crypto market cap
The crypto market relaxed a bit during the previous week, after the week of significant move to the upside. Total crypto market capitalization decreased by 3% on a weekly basis, with a drop in market cap of $58B. Daily trading volumes were also modestly decreased to the level of $99B on a daily basis, from $112B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $595B which represents a 36% surge from the beginning of this year.
Majority of crypto coins were traded within a negative territory during the week, with only a few who finished the week in green. BTC slowed down during the week, ending it by 1.6% lower, decreasing its market cap by $22B. ETH followed the sentiment, with a decrease in value of 6.6% or $21B. BNB was also traded toward the downside, where the coin lost $2.2B in value, decreasing it by 2.5%. In relative terms, the few coins which lost the most were NEO, Theta and Maker, with a drop of more than 10%, Polygon was traded down by 14%. Interestingly, this week Solana was in the spotlight of the market, where the coin managed to end a week by 11.5% higher from the week before, adding $8.5B to its market cap. Tron was also among weekly gainers, with an increase in the market cap of 5.3%.
There have also been interesting developments with circulating coins. This week Polygon decreased the number of its coins in circulation by 2.2%. Maker also had a withdrawal of coins by 0.2% w/w. On the opposite side were Filecoin, Polkadot, Tether and XRP, which added 0.2% new coins to the market, each.
Crypto futures market
The crypto futures market reflected the developments from the spot market during the previous week. In this sense, BTC short term futures were traded lower by some 2% on average, while the longer term ones were holding below the 1%, almost flat on a weekly basis. BTC futures maturing in December this year were closed at $67.790, and those maturing in December 2025 were last traded at $74.135. March 2026 ended the week at $75.715. This was a positive signal from the futures market that investors still see the value in BTC in the long run.
ETH both short and long term futures were traded down by more than 5% for all maturities. December 2024 ended the week at the level of $2.517, while December 2025 was closed at $2.703. At the same time, futures maturing in March 2026 were last traded at $2.752, moving away from the $3K target.
Two Charts to Watch to Time the Crypto Cycle Top Here I have the TOTAL2 chart overlaying the BTC market cap chart.
- Black: BTC
- White: TOTAL2
- Yellow vertical lines: BTC Halvings
The main alpha here is identifying the moments where TOTAL2 > BTC. This means the rest of crypto is valued greater than that of BTC, people are going further down the risk curve to seek greater returns, and peak euphoria has set in. Crypto markets top after BTC has made its run and once the alts, memes, and more degenerate activities soar following the rise in BTC.
At the bottom I have plotted the relative strength between BTC and TOTAL2 (Black line) which shows that once BTC begins to lose strength to TOTAL2 (a dip below the zero line) then the top is imminent. Currently we are well above the zero line and far from the negatives which indicates to me lots of time/ room left in this cycle for appreciation (if you're in the camp of the bulls).
I have also included a YOY rate of change (white area plot) showing the sharp increases in the ROC at the tops. currently we look very flat yet positive which is very similar to that of late 2016 and early 2017.
There is not much historical data so this could be invalidated easily, but the similarities from the past two 4 year cycles is significant enough to form an idea on when profits should be taken if you so desire.
Here is a chart of BTC-TOTAL2. This chart shows the delta between the two with a clear megaphone thing going on. The alpha here is that once that ratio dumps significantly that indicates the rotation away from BTC and into the more speculative side of the crypto market.
An increasing megaphone trend this chart is showing makes sense due to the natural rise in market cap the entirety of crypto experiences. It's kind of like an average true range of the delta between the two. The swings in the ratio will widen the more the market cap increases.
I wouldn't use these as trading indicators but rather as a guideline for sentiment and when it might be wise to be super risk on or more risk off.
My belief remains that we see a big pump next year with a sustained bull run up until Q4 of 2025 and Q1 of 2026 based on previous cycles in equities and crypto.
MARKETS week ahead: October 21 – 27Last week in the news
The US Retail Sales figures for September, as well as better than expected posted quarterly results of US companies were the major catalyst for the US equity markets during the previous week. The S&P 500 reached the newest all time highest level, ending the week at the level of 5.864. Although the US Dollar was gaining in strength, gold has also reached the fresh new highest level at $ 2.721, supported by the continuing tensions in the Middle East. The US 10Y Treasury yields were testing the 4,0% level. This week the crypto market was also in the spotlight of investors, where BTC was pushed up to the level of $68K.
The ECB cut interest rates by another 25 bps at their meeting held during the previous week. This was widely expected by market participants. Although ECB President Lagarde is still holding to the narrative that the ECB will be data dependent in the coming period, still what is evident is that the inflation in the Euro Zone is nearing targeted 2,0%. However, at this moment, inflation is a minor problem, considering that the EU economy is significantly slowing down. President Lagarde did not put too much emphasis on this issue, however, the markets continue to be of the opinion that the ECB would have to cut further in the coming months.
As September Retail Sales in the US were in line with the market expectation, and showed no threat to the inflation and FEDs forthcoming rate cuts, the market turned the view toward the increasing U.S. deficit. Economists are stressing that the US administration increased further deficit by 8% during this year, which recorded a $1,8 trillion. However, the economists are stressing a much higher problem for the US administration, which is the level of interest paid on that debt. As per reports, the interest payments reached $1,16 trillion, the highest amount ever in US history.
In line with the latest surge in BTC price, the inflows into BTC-linked ETFs also increased. As per news reports, around $2,1 billion flowed to these funds. BlackRocks chief investment strategist noted that 75% of all new investors in their BTC ETF IBIT have never before owned not a single iShare.
China posted its Q3 growth rate at 4,6% which was higher than expected, however, economists are noting that there are still significant challenges. The highest pressure on further China's growth is coming from the property market. New housing starts for the first three quarters were down by -12%y/y. However, hi-tech manufacturing continues to surge 10,1% y/y, as well as the auto industry, which is currently standing at 4,6%y.y. At the same time strategists from Wells Fargo are stressing that the value of Chinese equities are moving at overvalued territory. The MSCI China surged by 40% this year.
Crypto market cap
After a few challenging weeks, where crypto coins were traded in a mixed mode, a final breakthrough occurred during the previous week. A positive market sentiment was evident not only on the US equity market, but this time, investors sentiment was turned also toward the crypto market. Reasons are not quite evident at this moment. On one side are analysts who are noting increased odds of the US Presidential candidate and crypto-supporter (at least in the presidential campaign), Donald Trump to win the elections, while on the other side are analysts who are putting emphasis on increased government spending, which is more a realistic scenario. Whatever the reason, the crypto market capitalization increased by 6% on the weekly basis, adding total $139B to its market cap. Daily trading volumes remained relatively stable on a weekly level, moving around $112B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $653B which represents a 40% surge from the beginning of this year.
Despite the significant increase in the market capitalization, still, there were coins which were traded in a negative territory during the week. The significant weekly gainer was BTC, which added $101.4B to its market cap, increasing it by more than 8% w/w. ETH followed the path, with a relatively smaller gain of $ 20B or 6.9%. BNB had another solid week, with a surge in market cap of almost $ 3B, increasing it by 3.5%. Market-favorite Solana was also in the winning club, with a surge in cap of $4.5B or 6.6%. Significant gainers in a relative terms, were Litecoin, with a surge in value of 13.7%, DOGE was traded higher by more than 26%, Bitcoin Cash was higher by almost 10%. There were a few coins which closed the week at lower grounds from the week before, like Maker, which dropped in value by 11% w/w, Uniswap was down by almost 11%, while OMG Network lost 5.3% in value.
When it comes to coins in circulation, Tether managed to increase the number of coins on the market by 0.3%, also increasing its total market cap by this amount. IOTA added 0.6% more coins to the market on a weekly basis, while the amount of Polkadot`s coins was higher by 0.2%. On the other hand, Maker decreased the number of coins by 0.6%.
Crypto futures market
The crypto futures market reacted in the same manner as the crypto spot market during the previous week. BTC both short and long term futures were traded higher by around 8.5% for all maturities. BTC futures maturing in December this year closed the week at the level of $69.900, while those maturing a year later were last traded at $76.035. At the same time, futures maturing in March 2026 closed the week at $78.010. This represents a significant move to the higher grounds, where the market, for the first time, is expecting BTC to reach the $78K level.
ETH futures surged by around 7.7% for all maturities. Futures maturing in December this year were last traded at $2.723, and those maturing in December 2025 closed the week at $2.904. It is interesting that ETH did not manage to cross the $3K level till the end of next year, and also not for maturities in March 2026, which were last traded at $2.957.
MARKETS week ahead: October 14 – 20Last week in the news
The US inflation data were in the spotlight of the markets during the previous week. A modest increase in September was another indicator for markets that the Fed might continue to cut in the coming period. The US equity markets reacted positively, bringing the S&P 500 to the freshly new all time highest level. The index is ending the week at the level of 5.815. The US Dollar gained during the week, while the price of gold managed to break from the $2,6K level, reaching new highs at $2.657. The 10 US Treasury yields spent the week testing the levels modestly above the 4,0%, easing a bit at the weekend. The crypto market was traded in a mixed manner, still, BTC managed to reach the $63K short term resistance as of the Fridays trading session.
The US inflation data for September was published during the previous week. The data shows that the inflation is cooling down toward the Feds targeted 2%. The inflation was higher by 0,2% for the month, bringing the total yearly inflation to the level of 2,4%. Core inflation continues to be elevated, adding 0,3% in September to the total yearly score of 3,3%. The majority of market participants are positive when it comes to expectations that the Fed might continue to cut interest rates at their November meeting, according to the CME FedWatch Tool. Still, Atlanta Fed President Bostic, noted in an interview that he might be against a rate cut in November in order to get better insight if inflation is certainly moving toward the 2% target.
The ECB meeting is scheduled for October 17th, where its members will discuss the potential rate cut. As per current market sentiment, expressed in the Reuters poll, 90% of economists and professionals are of the opinion that the ECB will make a 25 bps cut in October and also 25 bps cut in December. Such a sentiment is supported by a cooling inflation in the EuroZone, which is gradually moving toward the 2,0% target. However, the core inflation is expected to stay elevated. On the other hand, it should be considered that the EuroZone is struggling to sustain economic growth. It is expected that the economy will grow modest 0.2% this quarter, reaching some 0.7% a yearly growth. Still, the economy is expected to accelerate during 2025 by 1,2%.
After frenzy for China's stocks hit the market two weeks ago, the market has cooled down during the previous week, as China's Ministers did not provide in a statement the level of austerity measures as was expected by markets. News reports that China's finance minister noted in an address to journalists, that China has space to increase its debt and the deficit. The government is still not publicly disclosing the level of fiscal stimulus for the economy.
Tesla shares dropped by around 9% during the week, after the announcement of a new product called robo-taxi. The investors were not at all impressed by the product, as they were commenting that the presentation was related to Elon Musk's vision of the future more than opportunities for Tesla.
Crypto market cap
The crypto market was traded in a mixed manner during the previous week. The start of the week was with a negative sentiment, but the US inflation which is nearing toward the Feds target of 2% turned market sentiment to positive one. Although the highest weekly gainers were US equity markets, still positive sentiment helped the crypto market to end a week with a small weekly gain. Total crypto market capitalization increased by modest 2%, adding $ 51B to the market cap. Almost half of it came solely from Bitcoin. Daily trading volumes were modestly decreased to the level of around $114B on a daily basis, from $126B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $514B which represents a 31% surge from the beginning of this year.
The first half of the week was not positive for the majority of crypto coins, however, the majority of them managed to finish the week with a small gain. The leader of the market was BTC, which added $24B to its market cap, finishing the week at a gain of almost 2%. ETH surged by 3% on a weekly basis, adding $8.7B to its capitalization. BNB also managed to add $2.2B to its market cap, increasing it by 2.7%. The group of significant weekly gainers also includes Solana, with an increase in cap of $2.3B or 3.4%. Coins which managed to increase their market capitalization in relative terms were NEO, with a surge of 7.25%, ZCash was traded higher by even 28.1%, currently without public information on the reason. Uniswap also ended the week with a gain of 20.3% on a weekly basis, which was rare, but quite a significant increase of the market value. The majority of other coins gained somewhere from 0% up to 3%. There were also several losers during the week, like LINK, which traded down by 1.85%, OMG Network ended the week by 5% lower, Maker dropped by 6.3%.
Changes in circulating coins are still relatively active on the crypto market. During the previous week Polygon decreased the number of its coins on the market by 0.8%, while Maker`s circulating coins decreased by 0.3%. On the opposite side, Algorand increased the number of coins on the market by 0.4%, while Solana, Polkadot and Filecoin increased the number of coins by 0.2%. The majority of other altcoins increased their circulating coins by 0.1% w/w.
Crypto futures market
The crypto futures market did not manage to catch up with an increase in value of coins which occurred on the spot market. BTC both short and long term futures were traded higher by around 0.9% on a weekly basis. BTC futures maturing in December this year reached the last price at $64.210, while those maturing a year later are still holding above the $70K level, ending the week at $70.305.
ETH futures were traded higher by around 1% on a weekly basis, except those maturing in December 2024, which were last traded at $2.505 or 4.03% higher from the week before. Futures maturing in December 2025 closed the week at level of $2.696, while March 2026 was traded below the $3K level, ending the week at $2.745.
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins.
In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
MARKETS week ahead: October 7 – 13Last week in the news
The US non-farm payrolls for September surprised the markets during the previous week, causing investors to consider a soft landing of the US economy and a 25bps Feds cut till the end of this year. The start of the week brought a negative sentiment on the US equities markets, however the S&P 500 ended the week with a small gain, at the level of 5.751, after the release of jobs data. The US Dollar gained on the same grounds, however, the price of gold remained reluctant to follow the negative correlation, considering strong bullish sentiment which is still holding amid the ongoing Middle East tensions. In anticipation of the Feds 25 bps rate cut in the coming period, the US 10Y Treasury yields were testing the 4,0% level, ending the week modestly below this level. The crypto market was on a losing side this week, reacting to a combination of macro factors both in the US and China. BTC was testing the $60K support line, but is ending the week around the $62K levels.
The US nonfarm payrolls reached the level of 254K in September, which was almost doubled from the market forecast. At the same time, the unemployment rate dropped to the level of 4,1% in September from 4,2% posted in August. The implications of such strong jobs data were evident on markets as investors adjusted their positions and sentiment toward the higher potential for a soft landing of the US economy. At the same time, some analysts were noting a high potential for another 50 bps rate cut by the Fed in the coming FOMC meeting, however, now this assumption is revised to 25bps. Analysts are also revising the number of rate cuts during 2025, as a strong economy will make the Fed slow down with rate cuts.
Another important event that was covered by news during the previous week was a rise of China's equity market by 25% within a single week. As China's Government announced heavy economic stimulus in order to support further growth of their economy, the investors' interest toward China's stocks surged accordingly, boosting it by 25% for the week. Analysts are noting that the demand for the exposure in China's market is still quite strong, which might continue to boost the equity market. Still, they are noting high risks of such a development, especially in case that the outcome of monetary measures might not be in line with current market pricing.
The price of oil was another topic which was discussed in the news. As tensions in the Middle East continue, the investors were concerned that this might have a significant impact on the price of oil. News were concretely discussing the Iranian oil production which might be disrupted due to tensions. In this sense, analysts are estimating that the price of Brent crude oil might hit between $100 and $150 / barrel.
In line with a drop in value of the crypto market, the US based exchange traded funds experienced the worst week since September 6th this year, with a total estimated outflow of $300 million. Bitwise announced that it plans to add Treasuries to its portfolio of BTC in order to curb high volatility, and “improve risk-adjusted returns”.
Crypto market cap
The crypto market was under indirect influence of both US and China's macro developments. The strong US jobs data for September returned investors positive confidence toward the US stock market, moving a part of funds from the crypto market back to the equity markets. On the other side, announced strong stimulus measures from China's Government supported market interests for Chinese equities, where China's equities rose by 25% within the single week. This again had a negative impact on the crypto market, since a portion of funds was transferred to this market. Investors continue to seek high returns, which the crypto market is not able to deliver at this moment. On a positive side is that such developments are cyclical on financial markets, and the crypto market follows the same path. Total crypto market capitalization decreased during the week by 7%, whipping out around $157B from this market. Daily trading volumes remained relatively flat on a weekly level, moving around $126B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $463B which represents a 28% surge from the beginning of this year.
There has been a general sell off of crypto coins during the previous week. There are only a few which managed to end the week in green, while the vast majority of coins were traded on a downside. In nominal terms, BTC and ETH led the general drop in market capitalization. BTC lost around 6% on a weekly basis, decreasing its market cap by $77B. ETH lost less in nominal terms, but a decrease in the cap of $34B led to a decrease in value of 10.5% within a week. XRP was traded down by 15%, losing $5.3B of its value. BNB was also among higher weekly losers with a drop of $5.8B or 6.6%. Solana was down by 9.5%, losing $ 7B in value. Among higher losers in relative terms were Maker, with a drop of more than 15%, Polygon was down by 16.4%, and DOGE lost almost 17% in value. The majority of other coins closed the week in red between 9% and 13%.
There has been increased activity when coins in circulation are in question. Polygon pulled out a total 6.2% of its coins from the market. Maker withdrew 0.4% of its coins, while Solanas number of coins dropped by 0.1% on a weekly basis. On the opposite side were Miota, which increased the number of circulating coins by 0.6%, Filecoin coins were higher by 0.3%, while Polkadot and Algorand increased the number of coins by 0.2% w/w, same as Tether.
Crypto futures market
Same as on the spot market, the negative sentiment held also on a crypto futures market during the previous week. BTC futures were last traded down by more than 5% for all maturities. Futures maturing in December this year ended the week at level of $63.680, while those maturing a year later were last traded at $69.705. On a positive side is that March 2026 still holds above the $71K, ending the week at level of $71.180.
Similar situation was with ETH futures, which were traded lower by more than 10% compared to the week before. The exception was December 2024, which was traded down by 12.85%, ending the week at $ 2.408. December 2025 was last traded at price $2.668, while March 2026 dropped below the $3K, closing the week at $2.717.
Everything going by the plan!Hello Traders,
Based on my previous post DOM reached 5.70% with a little push after the escalated war news in the Middle East. But again BTC was on the path of free fall even before the war.
The chart has developed a small double top that should retest the monthly open the following days.
There is the possibility that DOM might try to create LH at around the 5.85 - 5.95% zone cause we are waiting for Israel to respond to yesterday's attack.
Let's see what the chart will give us next.
MARKETS week ahead: September 30 – October 6Last week in the news
The market optimism still strongly holds on the markets. During the previous week the support came both from US PCE data, but also news that China is preparing stronger stimulus for its economy. The price of gold reached a new fresh all time highest level, supported by both weakened US Dollar and ongoing geopolitical issues in the Middle East. Gold is ending the week at the level of $2.657. A slowdown in the US inflation data pushed 10Y US Treasury yields back to the level of 3,75%, but supported further the US equity markets, where the S&P 500 reached new highest levels, ending the week at 5.738. This week, the crypto market was also supported by the US macro prospectus, where BTC finally managed to test higher grounds, ending the week above the $ 65K levels.
The released PCE data for August showed that the inflation in the US continues to slow down, bringing it close to the Feds target of 2%. The data show that the PCE index ended August at the level of 2,2% increase on a yearly basis, which was modestly lower from market forecast of 2,3%. At the same time, posted final GDP Growth data showed no change and that the US economy grew 3% for the second quarter. Further decrease in inflation and its level close to the 2% Feds target, supported market optimism that the Fed might easily further cut interest rates in the coming period. Also, the environment of decreased interest rates will be supportive for the economy, which is expected to further expand.
The Bank of China was in the focus of the markets during the previous week. Namely, as for some time the Government is struggling to boost China's economy, the newest set of measures increased confidence among investors that the China's economy is going to be well supported in the coming period. The Peoples Bank of China announced a set of measures, among which are cuts of reserve requirements for Chinese banks. Attracting stimulus measures increased investors' confidence to move funds into China related exchange traded funds, which gained significantly during the previous week.
News is reporting that the social platform X might soon continue to work in Brazil. As per news, there is only one fine which should be paid by this platform, after which, its ban in this country will be lifted. The fine in the amount of $2M is related to the days of non-compliance with the Brazilian court orders.
MicroStrategy launched a new ETF on a 2X leveraged long position on the performance of the MicroStrategy. Only a week after the launch, the T-REX 2X Long MSTR Daily Target ETF (MSTU) attracted over $72 million in inflows, making it the most successful ETF within the crypto area.
Crypto market cap
Further inflation drop in the US and its nearing toward Fed's target of 2%, increased the investors sentiment for riskier assets. The crypto market was in the spotlight, where increased demand came from both individual investors and through exchange traded funds. Total crypto market capitalization increased by 5% during the week, where $112B has been added to the value of the market. Daily trading volumes were also modestly increased to the level of 121B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $620B, which represents a 38% surge from the beginning of this year.
The majority of crypto coins gained during the previous week, with only a few which finished the week in red. Bitcoin was leading the crypto market increase in nominal terms, adding almost $60B to its value, increasing it by 4.8% on a weekly basis. Ether followed the sentiment, adding $12B to the market cap, and increasing its value by 3.8%. Among higher gainers was DOGE, with a surge in value of $3.3B or 21.3%. BNB was traded higher by 3.2%, adding $2.8B to its market cap. The market favorite Solana also managed to significantly gain during the week, with an increase in cap of $5.5B or 8.14%. Gainers above $ 1B in value were also LINK, with an increase of 14.8% and ADA with a surge of 10.8% in value. Higher gainers in a relative terms were Uniswap, who was traded higher by 14%, Polkadot surged by 10.2%, while Filecoin increased its value by 11.4% w/w. Interestingly, this week Monero ended in a negative territory of 10.4% drop in value, while ZCash was traded lower by 2%.
This week there has been higher activity when coins in circulation are in question. In this sense, Filecoin added 0.4% new coins to the market, while Polkadot, Tether and XRP added 0.2% of new coins. At the same time, ADA decreased its circulating coins by -2.8% w/w, while Polygon pulled out 3.9% of coins and Maker`s number of coins dropped by 0.3%.
Crypto futures market
In line with an increased sentiment from the spot market, the crypto futures market was also traded higher on a weekly basis. BTC short term futures were last traded higher by around 4.5%, while the longer term ones were traded higher by around 3.5%. BTC futures maturing in December this year ended the week at price of $67.200, while those maturing a year later were last traded at $73.475. Futures maturing in March 2026 were introduced to the market, reaching closing price at $75.075. This represents a positive market sentiment over the future value of BTC.
ETH futures were traded above 6% for all maturities. In this sense, December 2024 ended the week at level $2.763 and December 2025 was last traded at $2.971. ETH futures maturing in March 2026 closed the first trading week at level of $3.019.
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MARKETS week ahead: September 24 – 29Last week in the news
The long awaited Fed's rate cut finally occurred, with a surprising 50 bps. Thai was the main event which shaped the market sentiment during the previous week. Despite the cut, the 10Y US Treasury yields reverted to the upside, ending the week at the level of 3,74%. The US Dollar was losing in value, supporting the price of gold to reach a new all time highest level at $2.621. The US equity markets responded positively to the rate cut, pushing the S&P 500 to the higher grounds, ending the week at 5.702. The crypto market was also among weekly gainers, with BTC testing the levels above the $63K.
The event which was long awaited by markets during the previous period, was the Feds pivotal point. This is an expression used by markets to express the point where central monetary authorities start easing monetary policy. Although the market participants were divided on whether the Fed will cut by 25 bps or 50 bps, the Fed's decision came as a sort of surprise. In an after the meeting statement, Fed Chair Powell noted that the Fed sees inflation slowly moving to its 2% target, while the jobs market retains relative stability, while the economy “continued to expand at a solid pace”. In the view of economic projections, the FOMC members currently perceive two more rate cuts, in total of 50 bps, till the end of this year, and 100 points rate cut in 2025 and 50 bps in 2026. The jobs market is perceived to decline to the level of 4,4% till the end of this year, from the current 4,2%. The market reacted positively to the Fed move, where equity markets gained further in value.
Although the economy seems to do well in the US, the housing market is still strongly under pressure. Published data for August, show a further significant drop in home sales in the US of even 4,2% compared to the same month of 2023. At the same time the supply of houses is increasing, reaching a 22,7% increase in August from the same period last year, while the average price of homes are higher by 3,1% compared to the last year.
The Bank of Japan was also discussing the level of rates on JPY during the previous week, and decided to keep them at current levels. The BoJ Governor noted that the Bank is in no rush to increase interest rates, as they are looking for global uncertainties to decrease. This represents the important news for the markets, considering the significant amount of carry trades in JPY.
Apple released its new IPhone 16, however, the company is also in talks with JPMorgan to take over companies cards business from its current provider, Goldman Sachs. As news is reporting, the most challenging parts of negotiation are related to credit cards, considering increasing delinquencies on credit card repayments during this year.
Crypto market cap
Fed`s surprising 50 bps cut during the previous week was perceived overall positively by markets. The crypto market also benefited from increased investors' optimism, where BTC and ETH were leading the market cap to the upside. Total crypto market capitalization was increased by 5%, bringing additional $96B to the value of this market. Daily trading volumes remained relatively stable during the week, moving around $104B on a daily basis, with a little change from the week before. Total crypto market capitalization increase from the end of the previous year currently stands at $508B, which represents a 31% surge from the beginning of this year.
The majority of coins gained during the previous week, with the major ones attracting the most funds inflows in nominal terms. BTC managed to add almost 5% to its value on a weekly basis, increasing it by $59B. ETH followed the positive market sentiment, with an increase of its value of 7.3% on a weekly basis, adding $21B to market capitalization. BNB was also in the spotlight of investors, with an increase of 5.7% in value and adding $4.5% to its market cap. The $ 4B also managed to add market favorite Solana, increasing its cap by 6.2% w/w. In relative terms, solid weekly performers were Theta, with a surge in value of 7.7%, IOTA added 9.3% to its value, NEO jumped by almost 6%, while Monero was higher by 5.1% on a weekly basis. There were only a few coins which finished the week with a modest weekly loss, like ADA, which remained almost flat, Zcash was traded down by 2.5% while Maker dropped by 5.4%, but it should be noted that Maker`s 5.4% of circulating coins were withdrawn from the market during the previous week.
The previous week brought back some increased activity when circulating coins are in question. Maker had withdrawn 5.4% of its circulating coins from the market, while Polygon`s withdrawal was 4.5%. There is still no public information about what was behind these withdrawals. On the opposite side, IOTA added 0.6% more coins on the market, while LINK added even 3.1% more coins to the market. Tether added 0.5% new circulating coins, increasing the total market capitalization for this percentage.
Crypto futures market
In line with the spot developments the crypto futures market also reacted positively to the Fed's rate cut and surge in value of crypto coins on the spot market. BTC futures were traded higher by around 5% for all maturities, while ETH futures were traded around 4.9% higher also for all maturities.
BTC`s futures maturing in December 2024 ended the week at the level of $64.365, while those maturing a year later were last traded again above the $70K, ending the week at $71.195. ETH futures maturing at the end of this year reached the last price at $2.605, and those maturing in December 2025 are still struggling to reach the $3K level, still trading at $2.798.
“Cryptocurrencies on the Move”The U.S. Securities and Exchange Commission has approved the listing and trading of options for BlackRock's IBIT. Bitcoin options trading on IBIT is expected to comply with BlackRock's standards. Following this development, the rise in cryptocurrencies has accelerated, with Bitcoin maintaining its push towards the 65,000 level.
Tecnically, if it surpasses the 65,000 resistance level, the 68,500 and then 71,675 resistance levels could be tested. On the downside, if Bitcoin breaks below the 63,300 level, a further decline toward the 60,000 and then 57,330 support levels could occur.
“Bitcoin is rising."Cryptocurrency markets are going through a dynamic period with significant developments. In Germany, 47 cryptocurrency exchanges were shut down by the Federal Criminal Police Office and the Internet Crime Complaint Center as part of efforts to combat money laundering activities. However, following the Fed's decision to cut interest rates by 50 basis points, there is a decline in dollar-denominated assets. This situation is supporting upward movements in Bitcoin.
From a technical perspective, if it surpasses the 63,300 resistance level, the 65,000 and then 68,500 resistance levels could be tested. On the downside, if Bitcoin breaks below the 60,000 level, a further decline toward the 57,330 and then 54,000 support levels could occur.
MARKETS week ahead: September 16 – 22Last week in the news
The ECB cut interest rates by 25 bps at their September meeting, which had some modest influence on European markets. The more important macro news came from the US, where August inflation showed a further relaxation, opening a case for the Fed to cut interest rates. Markets reacted positively to posted figures, where S&P 500 gained 4% on a weekly level, and is currently standing just 1% below its all time highest level. The US 10Y benchmark reached the levels below 3,7%, ending the week at the level of 3,65%. The demand for gold continues, pushing its price to a fresh new all time highest level at $2.577. Investors' optimism increased the demand for riskier assets, where BTC managed to reach the levels of $60K, as of the end of the week.
The ECB cut interest rates by 25 bps during the previous week. Such a move was expected by markets, considering the weakening Euro Zone economy. In an after the meeting speech, ECB President Lagarde did not provide any guidance over the further monetary policy moves, in terms of further cut of interest rates, except one comment that the direction of interest rates is “pretty obvious”. Analysts are generally in agreement that the ECB would have to further cut interest rates in order to support the weakened EU economy, with some voting for more aggressive cuts. The ECB inflation projections remained unchanged from June, however, growth forecasts were changed to the downside. At this moment, the ECB expects a yearly growth rate of 0,8% for 2024, and 1,3% in 2025. The modest growth is expected to be supported by a strong global economy and private consumption.
The US inflation in August reached 0,2% for the month and 2,6% on a yearly basis, showing that it is on a clear down path. This also leaves open space for the Fed to cut interest rates in the coming period. The majority of market participants are now perceiving a high probability that the Fed will make its first move at September's FOMC meeting, which is scheduled for September 19th. The only question which now remains open is how aggressively the Fed will cut? Based on the CME Group FedWatch tool there is an equal number of market participants who are expecting 25 bps and 50 bps.
OpenAI, a creator of Chat GPT application, is starting a new round of funding in order to collect $6,5 billion through issuance of convertible notes. The funds will be used for further development of their artificial general intelligence (AGI) and also for company restructuring in order to remove a profit cap for investors.
MicroStrategy, a company known for its strong devotion and holding of BTC, used the latest dip in the price of BTC to purchase more coins. As company CEO, Michel Saylor posted on the X platform, the company now holds a total 244.800 BTC.
Crypto market cap
The pivotal point for the previous week was the release of the US inflation data for August. Figures were in line with market expectations, in which sense, market participants sustained the previous odds that the Fed will cut for the first time in this economic cycle at their September FOMC meeting. Rate cut is perceived positively by markets, as they expect that the environment of decreased interest rates would help companies to increase their businesses and earnings in the future period. This week the crypto market was also in the spotlight of investors. Although the first half of the week was a bit bumpy, still, Friday's trading session brought back confidence in the crypto market. Total crypto market capitalization was increased by 8% within a week, adding total $152B to its value. Daily trading volumes were also increased to the level of $117B on a daily basis, from $79B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $412B, which represents a 25% surge from the beginning of this year.
Almost all coins gained during the previous week. The market was led by BTC, which managed to gain a little bit less from 10% on a weekly basis, increasing its market cap by $105B. ETH performed in a little bit shy manner, adding to its market cap $12.6B and increasing it by 4.5%. XRP also gained strongly in a week, increasing its value by 11.3% or $3.4B. BNB also performed solidly, with a surge in market cap of 9.6% adding SEED_TVCODER77_ETHBTCDATA:7B to it. The market favorite Solana was also among solid gainers, with an increase in value of 5.2% or $3.2B. The majority of other altcoins gained between 5% and 10%. There were only a few coins which did not manage to catch up with the general market, like Tron, which was down by 2.8% or Monero, which dropped by 2.2% on a weekly basis.
When it comes to the number of coins in circulation, the activity on the market was relatively lower from the week before. Algorand managed to increase the number of its circulating coins by 0.3%, same as Maker. This week, Filecoin was not leading the market, as it increased its coins in circulation by 0.2%, the same as Polkadot and Stellar. Tether increased its coins on the market by 0.3% same as its market capitalization.
Crypto futures market
The crypto futures market reacted strongly to developments from the spot market. BTC short term futures were traded higher by more than 13% from the week before, while the long term ones were up by around 11.5%. BTC futures maturing in December 2024 closed the week at the level of $61.220, which was 12.15% higher from the close of the previous week. At the same time, futures maturing in December 2025 were last traded at $67.825 or 11.4% higher.
ETH short term futures closed the week by 11.8% higher from the week before. December 2024 reached the last market price at $2.477, which was by 10% higher on a weekly basis. December 2025 was last traded at $2.668, which was an increase of 8.7% compared to the previous week.
TOTAL Market Cap Faces Rejection at $2TCurrent Market Activity: This morning, the TOTAL market cap was rejected at the $2T level, the top of the range, and has begun retracing, potentially testing the bottom of the range at $1.85T once again.
Key Levels:
Top of Range: $2T (Rejected)
Bottom of Range: $1.85T (Potential test)
Previous High: $2.25T (Late August)
Bearish Signals: TOTAL has not created a higher high since reaching $2.25T, suggesting that the higher timeframe trend remains to the downside. A break below $1.85T could lead to a retest of the $1.7T level, which was last tested in early August.
Market Outlook: Watch for a decisive move at $1.85T for clues on the next direction.
#CryptoMarketCap #TOTAL #MarketAnalysis #SupportAndResistance #Downtrend #Bearish #Crypto #PriceAction #TechnicalAnalysis
MARKETS week ahead: September 9 – 15Last week in the news
The previous week started with a negative market sentiment after leaked information regarding Nvidia's subpoena received from the U.S. Department of Justice, while the same sentiment continued till the end of the week, after releasing weaker than expected jobs data. Such sentiment increased US Dollar volatility, while the price of gold managed to sustain relatively higher levels, ending the week at $2.497. In expectation of a Feds higher rate cut, the US 10Y Treasury benchmark ended the week at 3,71%. The US equity markets had one of the worst weeks in this year, while the crypto market followed the negative sentiment for the second week in a row, with BTC closing at levels modestly below the $55K levels.
The week started with a negative sentiment, after the news was published that the US Justice Department pressed charges against market favorite Nvidia. As Bloomberg is reporting, the company Xockets Inc. pressed charges against both Nvidia and Microsoft Corp for illegally using seven patents from the company in relation to semiconductor technology used for the production of data processing units in chips used for the AI technology. The lawsuit is based on the violence of antitrust law in the US.
The week continued with high expectations with respect to US jobs data, which came out on Friday. Market volatility was significantly increased after the release of weaker than expected nonfarm payrolls for August. August's figure reached the level of 142K new jobs, while the market was expecting to see at least 160K. On a positive side is that the unemployment rate dropped a bit to the level of 4,2%, from 4,3% posted for the previous month. Other figures for the US economy, in terms of ISM indicators, are showing a positive development for the services sector in the US, while the manufacturing industry is still struggling to sustain a positive sentiment. After relatively weak jobs data for August, the market is rethinking a potential for Feds higher rate cut at their September FOMC meeting. There is currently an almost equal number of investors who are expecting 25 bps and 50 bps rate cuts. In an interview with CNBC, a Nobel prize winning economist, Joseph Stiglitz noted that the Fed raised interest rates too high too swiftly and that he would now vote for a higher rate cut, which was in line with expectations of economists from JPMorgan.
The previous week was not only bad for tech companies, but was also for the companies in the crypto industry. Both crypto exchangers and crypto miners experienced a selloff of shares. In line with a drop in the price of BTC and ETH, shares of the crypto exchanger Coinbase dropped down to the level of $147.
Crypto market cap
As the September FOMC meeting is nearing, the market nervousness is increasing. Last week`s weaker than expected US jobs figures, increased fears among market participants that the US economy is slowing down and that the Fed might cut interest rates higher from anticipated 25 bps in order to support the jobs market. In addition, negative news regarding Nvidia`s subpoena triggered general sell off of tech stocks, including also the crypto coins. Total crypto market capitalization decreased significantly during the last two weeks, while previous week only, total crypto market capitalization dropped by additional 7%, whipping out $134B from the market value. Again, the vast majority of crypto coins ended another week in red. Daily trading volumes were further decreased to the level of $79B on a daily basis, from $103B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $260B, which represents a 16% surge from the beginning of this year.
Another losing week on the crypto market is behind. For another week BTC was dragging total crypto market capitalization to the downside. BTC lost 7.3% in value, decreasing its market cap by $87.6B. ETH followed the path, with a loss of 8.2% in value, or $25B. Among higher losers were BNB, with a droop in value of 5.6% or $4.3B, while market favorite Solana was traded down by 3.7%, decreasing its market value by $2.3B. XRP also lost almost $ 2B in value, dropping by 6.2% on a weekly basis. There have been only a few coins which managed to end the week in green, like Monero, with an increase in value of modest 1.9%, Uniswap was traded higher by 8.1%, while Algorand managed to gain 1.9% in value.
Another week with increased developments over the coins in circulation. Filecoin managed to add 0.4% of new coins to the market, while Solana, EOS and Polkadot added 0.2%. The winner of the week was Miota, with 0.6% more coins on the market within the single week.
Crypto futures market
The crypto futures market reacted quite strongly to negative developments from the spot market. Both BTC and ETH futures ended the week lower for all maturities. BTC short term futures were traded lower by more than 10%, while the longer term ones were last traded down by 9%. BTC futures maturing in December this year closed the week at the level of $54.590, while those maturing a year later were last traded at $60.860.
ETH short term futures closed the week by 14% lower from the end of the week before, with December 2024 closing price of $2.250. Longer term futures were traded some 11.5% lower on a weekly basis, where December 2025 reached the last price at $2.455.