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BTC breaks 100,000 USD again, Ethereum rises 25%, crypto market fully recovers.
This Week's Crypto Market Review
This week, the crypto market has shown a positive trend. Bitcoin ETFs have achieved net inflows for three consecutive weeks, totaling $5.76 billion, reflecting investors' optimism about the future market. The price of Bitcoin once reached a high of $105,000, with the potential to set a historical high in May. The market sentiment index continues to rise, entering the greed zone.
Although there was a slight net outflow from Ethereum ETFs, the price surged from $1,800 to $2,600, with a single-day increase of up to 25%. The ETH/BTC exchange rate has significantly risen, currently at 0.024. The market share of Ethereum has rebounded from 7% to 9%. Some believe that this increase in Ethereum may be due to various indicators being at historical lows, representing a short-term rebound.
In terms of popular tokens, MOODENG has been the most eye-catching, with a weekly increase of 566.53%, reaching a peak price of 0.2889 USDT, and a current market capitalization of about 260 million USD. GOAT and PNUT also rose by 212.9% and 167.6%, respectively.
The U.S. stock market showed mixed performance, with major indices experiencing varying degrees of decline. The market was affected by uncertainties in trade policies and inconsistent corporate earnings reports. Tech stocks were dragged down by tensions in U.S.-China relations and chip export restrictions. However, the outstanding performance of some companies, such as Tesla, provided some support for the market.
In the coming week, the United States will release several important economic data, including CPI, PPI, and inflation expectations. Federal Reserve officials will also make several speeches that are worth paying attention to.
The Meme coin sector is performing actively, with multiple projects such as MOODENG and GOAT experiencing significant increases. Investors seem to prefer popular Meme coins that are fully circulated. After MOODENG was listed on multiple trading platforms, demand surged, driving up the price.
The AI agent sector has also attracted attention, with token prices such as PIPPIN and SWARMS rebounding, indicating that this area remains a market hotspot. However, there is still a distance to the historical highs, reflecting some skepticism from investors regarding existing projects.
It is worth noting that APT and Avalanche will unlock a large number of tokens in the near future, which may impact the market. APT is expected to unlock about 11.31 million tokens, worth nearly $58.47 million. Avalanche plans to unlock approximately 9.54 million AVAX in May 2025, worth about $329 million.
Investors should keep in mind that cryptocurrency investments are highly speculative and carry significant risks. Past performance does not guarantee future results. The prices of digital currencies are highly volatile, and investors should make cautious decisions based on their personal circumstances and risk tolerance.