Welcome to the altFINS Weekly Market Recap – your summary of key crypto and macro developments.

Weekly Market Highlights

• Bitcoin (BTC) gained slightly by 0.9%
• Ethereum (ETH) increased by 1.0%
• Solana (SOL) dipped by 2.4%

In comparison, the NASDAQ index rose by 3.4%, closing at approximately $17,977

Year-to-Date (YTD) Performance:

• BTC: up 1.1%
• ETH: down 45.8%
• SOL: down 23.6%
• NASDAQ: down 6.9%

Explore more with the altFINS Crypto Screener

Market Sentiment & Capitalization

Market sentiment remains neutral, with a score of 49.00

Total crypto market capitalization: $2.94 trillion

• Bitcoin dominance: 63.7%
• Ethereum dominance: 7.4%

Weekly Price Performance – Top 50 Coins

Top Gainers:

• XMR up 16.8%
• HYPE up 16.5%
• AAVE up 6.4%

Top Losers:

• TIA down 16.1%
• ENA down 18.3%
• TRUMP down 25.4%

On-Chain Data Leaders

By Total Revenue (fees paid by users):

• Tron (TRX)
• Jito (JTO)
• Solana (SOL)

By Total Value Locked (TVL):

• Aave (AAVE)
• Lido (LDO)
• EigenLayer (EIGEN)

TVL measures user trust and protocol adoption by tracking how much value is deposited into smart contracts.

Revenue Snapshot – Past 6 Months

• Bitcoin: $0.4 million
• Ethereum: $0.3 million
• Solana: $1.4 million

Solana led revenue thanks to spikes in meme coin trading in late 2024, while Ethereum and Bitcoin revenues remain subdued due to lower activity.

Macro Highlights

• US Job Openings: 7.2 million (vs. 7.4M expected)
• Q1 GDP: -0.3% (vs. 0.4% expected)
• Consumer Spending: 0.7% (above expectations)
• Nonfarm Payrolls: 177,000 (vs. 130,000 expected)
• Unemployment Rate: 4.2%

Market Predictions

• 100% probability the Fed holds rates steady at 4.25%–4.50% in May
• 68% probability of unchanged rates in June
• 56% probability of a 0.25% rate cut in July (source: CME Group)

Crypto Developments

• Bitcoin broke through $95,000 and is targeting $100,000, supported by strong ETF inflows and increased stablecoin minting
• Tether launched a new AI division, Tether Data, focused on AI and peer-to-peer development
• BlackRock filed to tokenize shares of its $150B Treasury Trust using blockchain technology
• Ethereum’s Pectra Upgrade is scheduled for May 7, raising validator limits and expanding data capacity per block. This should benefit Layer-2s, NFTs, and DeFi sectors

Explore live charts and data at altFINS On-Chain Insights

Listen to the full summary on the altFINS Podcast.