Cryptocurrency Weekly Report: What’s Hot in Blockchain, Bitcoin, Altcoins, ETFs and More This Week
Bitcoin held strong after Friday’s short liquidation, leading altcoin markets to a strong weekend. Market volatility is growing amid growing concerns that the bullish catalyst from the highly anticipated Spot ETF approval could turn into a selling event.
With tensions rising again due to the SEC-Binance feud, Grayscale Bitcoin ETF AUM falling below $20 billion, IBIT reaching $2 billion, and many other updates, the market is ready for a sharp move became.
After a bearish start to the week, Bitcoin is gearing up for a strong closing move this week. Reviving market sentiment, hopes that Bitcoin ETFs will go mainstream are back on track, and new opportunities may arise in the future.
1. Breaking news this week
Traders are hoping for some upside in late January, and the fight over trend control is intensifying as the ongoing recovery gains momentum.
- IBIT Bitcoin under management is now worth over $2 billion.
Blackrock’s iShares Bitcoin Trust became the first to surpass $2 billion in AUM, as small-cap Bitcoin spot ETFs see increasing inflows. With nearly 50,000 BTC, it is the second-largest Bitcoin ETF by assets.
- ARK Invest Buys $62.3 Million in ARK 21 Stock Bitcoin ETF
ARKW’s portfolio currently includes $91.4 million in ARKB, representing 5.98% of the fund’s total value.
- UK Supreme Court rejects Craig Wright’s appeal
The judge’s July decision sentenced Wright to just 1 GBP in his defamation case against Bitcoin podcaster Peter McCormack.
- Inflation concerns intensify due to Red Sea crisis, impact on shipping industry
The disruption in shipping through the Red Sea/Suez Canal is likely to increase prices, creating hardship for Bitcoin enthusiasts.
- Donald Trump expresses firm opposition to CBDC in the US
At a rally in New Hampshire, Donald Trump confirmed his stance on central bank digital currencies, pledging to block their establishment in the United States.
- Coinbase received an “outperform” rating from Oppenheimer.
Shares of Coinbase ( COIN ) rose 6% after Oppenheimer upgraded it from “perform” to “outperform,” setting a target of $160 per share.
- Avalanche Foundation sets criteria for earning Meme coins
The Avalanche Foundation will only consider meme coins on its own blockchain, according to its latest policy.
2. Blockchain performance
2.1. Top Blockchain Performers by 7-Day Change
| blockchain | 7-day change (%) |
| Omax | +521% |
| character | +116% |
| polka dot | +78% |
| additional | +35% |
| carbon | +32% |
The blockchain market was dynamic last week. Despite this uncertainty, Omax took the lead with explosive growth of 521%. StaFi followed suit, more than doubling its value with a 116% increase. Polkadot also showed a notable rise, rising 78%, while Kroma and Carbon also showed solid growth, growing 35% and 32%, respectively.
Top Performers: 7-Day Change of Top 5 Blockchains with Highest TVL
| blockchain | 7 days change | TVL (in billions) |
| Ethereum | -3.299 | $31.799 trillion |
| tron | -0.677% | $7.774 trillion |
| BSC | 3.59% | $3.61 billion |
| decision | -1.67% | $2.587 billion |
| Solana | +2.27% | $1.393 billion |
The performance of the top five blockchains by total value locked over the past seven days provides mixed results. The prevailing sentiment this week was bearish as the TVL of leading blockchain Ethereum fell 3.299% to $31.799 billion.
Underperformers Arbitrum and Tron fell 1.67% and 0.677%, making three of TVL’s top five blockchains weak this week. Maintaining an upbeat mood, Binance Smart Chain and Solana recorded $3.61 billion and $1.3933 billion this week, with returns of 3.59% and 2.27%.
3. Cryptocurrency market analysis
3.1. Bitcoin Price and Dominance
As of the latest update, Bitcoin remains in the lead with a price of $41,795.77 and a market capitalization of 50.78%, despite a slight increase of 0.62% for the week. Ethereum jumped 7.74% to $2,272.86. BNB rose 3.24% to $303.84, while Solana rose 1.42% to $92.63. The prices of XRP and Cardano are $0.53 and $0.48, respectively, with weekly fluctuations of 3.39% and 5.58%, respectively.
| name | price | market capitalization | dominance | 7 days change | |
| One | bitcoin | $41,795.77 | $819,616,490,671 | 50.78% | 0.62% |
| 2 | Ethereum | $2,272.86 | $273,153,340,990 | 16.92% | 7.74% |
| three | BNB | $303.84 | $45,438,761,561 | 2.81% | 3.24% |
| 4 | Solana | $92.63 | $40,132,462,128 | 2.49% | 1.42% |
| 5 | XRP | $0.53 | $28,841,203,640 | 1.79% | 3.39% |
| 6 | Cardano | $0.48 | $17,154,331,172 | 1.06% | 5.58% |
| 7 | avalanche | $32.63 | $11,976,612,336 | 0.74% | 0.52% |
| 8 | Dogecoin | $0.08 | $11,386,483,240 | 0.70% | 0.69% |
| 9 | tron | $0.11 | $9,994,456,879 | 0.62% | 3.15% |
| 10 | polka dot | $6.68 | $8,502,277,611 | 0.53% | 2.23% |
Avalanche, Dogecoin, TRON and Polkadot saw small moves, with Polkadot up 2.23% at $6.68.
3.2 Top winners and losers
In a tumultuous and volatile week for the cryptocurrency market, these ended on a bullish note, with the top three altcoins outperforming the general market. The first one is Manta Network, which is trading at $3.64 and has returned 57.91% over the last 7 days.
The second and third best performing tokens are SUI and Helium tokens, trading at $1.43 and $8.19 respectively. The token has outperformed the regular top 100 altcoins, posting returns of 29.54% and 27.05% over the past seven days.
| # | name | price | 7 days | Trading volume (24 hours) |
| 71 | Manta NetworkMANTA | $3.64 | 57.91% | $553,507,746 |
| 48 | suisui | $1.43 | 29.54% | $442,593,872 |
| 55 | HeliumHNT | $8.19 | 27.05% | $17,997,018 |
| # | name | price | 7 days | Trading volume (24 hours) |
| 57 | Ordi Ordi | $57.03 | 15.03% | $168,400,661 |
| 93 | wow | $0.36 | 9.98% | $12,704,923 |
| 76 | WemixWemix | $2.38 | 7.93% | $4,228,258 |
On the optimistic side, several tokens underperformed this week. The token in question is AUDY, a BRC20 token that is currently trading at 57.03%. The altcoin is down 15% over the past seven days. Following the BRC20 token, WOO token and WEMIX token also fell by 9.98% and 7.93%, respectively, last week.
| # | name | price | market capitalization | dominance | 7d% |
| three | TetherUSDtUSDT | $1.00 | $96,023,724,753 | 5.88% | 0.05% |
| 7 | USDCUSDC | $1.00 | $26,145,818,962 | 1.60% | 0.01% |
| 18 | same | $1.00 | $5,348,899,493 | 0.33% | 0.02% |
| 36 | The first digital USDFDUSD | $1.00 | $2,588,110,397 | 0.16% | 0.22% |
| 46 | TrueUSDTUSD | $0.99 | $1,602,518,578 | 0.10% | 0.14% |
4. Bitcoin Spot ETF Weekly Analysis
source: https://twitter.com/JSeyff/status/1750988313043906712
This week, Grayscale Bitcoin Trust (GBTC) leads the group of recently SEC-approved Bitcoin ETFs. GBTC has nearly $19.99 billion in assets under management, down from its peak of $30 billion in Bitcoin value.
Second, IBIT, i.e. Blackrock’s iShares Bitcoin Trust, led the rally and saw positive inflows, eventually reaching $2 billion in assets under management, or about 50,000 bitcoins.
There is also a growing investment in Fidelity, the third largest, and the fourth largest is the ARK Invest Bitcoin ETF. In total, the total assets under management across all Bitcoin ETFs is 25,319,000,000, and that volume is finally slowing GBTC’s outflow. Meanwhile, increased inflows in other ETFs indicate a healthy recovery and positive numbers.
5. DeFi market weekly status analysis
There were some significant changes in the DeFi market this week. Broken down by Yield, ArbiCheems’ Total Fixed Value (TVL) is only $0.6, but it has witnessed an impressive 7-day change of +244432%. Arena in the SoFi category shows a weekly surge of +189713% with a TVL of $800,441. Additionally, Pacoca on Yield with a TVL of $99,044 showed a massive +62795% change despite being down 1.38% on the last day.
| name | 7d change (total value locked) (%) |
| ArbiCheems | 2444321.93 |
| arena | 1897134.28 |
| Pacoca | 627.95 |
| structural finance | 110.05 |
| ZooDAO | 31.33 |
Struct Finance with a TVL of $2.79m and a change of +11005% over the week. ZooDAO completes the list with $289,630 TVL operating across two chains, an increase of +3133%.
6. NFT Marketplace: Basic Weekly Analysis
6.1. Best NFT aggregator
According to the ranking of the top NFT aggregators, Blur leads the Ethereum network with $6.68 million in volume despite a 30.08% drop, followed by OpenSea PRO with $2.19 million in volume. X2Y2, Element, and Magic Eden (Polygon) recorded volumes of $98.73k, $59.4k, and $56.69k, respectively.
| NFT aggregator | Sales volume (USD) | percentage change |
| blur | 6,680,000 | -30.08% |
| open sea pro | 2,190,000 | -4.3% |
| X2Y2 | 98,730 | -10.58% |
| Element | 59,400 | -56.96% |
| magic eden | 56,690 | 0.2595 |
Blur, X2Y2, and Element decreased in volume, while Magic Eden increased volume by 25.95%. Sales and number of traders generally increased across all platforms, with average NFT prices ranging from $18.25 to $610.28.
6.2. Top NFT Collectibles Selling This Week
Over the past week, the NFT landscape has seen notable sales activity among major collectibles. Ethereum Name Service topped the charts, trading $442,106.08 across 12,545 sales. Pudgy Penguins came in second place with an impressive volume of $5,727,788.11 from 1,049 units sold. Doodles ranked third with a volume of $2,871,923.94 and 844 units sold.
| NFT Collection | Sales volume (USD) | sales rate |
| Ethereum Name Service | 442,106.08 | 12,545 |
| chunky penguin | 5,727,788.11 | 1,049 |
| doodle | 2,871,923.94 | 844 |
| cool cat | 1,285,764.65 | 743 |
| art blocks | 1,405,322.75 | 518 |
| Boring Monkey Yacht Club | 5,821,032.45 | 407 |
Cool Cats and Art Blocks are listed next, with trading volumes of $1,285,764.65 and $1,405,322.75, respectively, and sales volumes of 743 and 518, respectively. Not to be outdone, Bored Ape Yacht Club finished in sixth place with $5,821,032.45 in volume from 407 units sold, capping off a lively week in the NFT market.