Weekly Market Highlights

• Bitcoin (BTC) gained by 11%
• Ethereum (ETH) surged by 41%
• Solana (SOL) increased by 22%
• In comparison, the NASDAQ index declined slightly by 0.3%, closing at approximately $17,928

Year-to-Date (YTD) Performance:

• BTC: up 11.4%
• ETH: down 23.6%
• SOL: down 7.3%
• NASDAQ: down 7.2%

Explore more with the altFINS Crypto Screener

Market Sentiment & Capitalization

• Market sentiment: 73.00 – indicating Greed
• Total crypto market capitalization: $3.36 trillion
• Bitcoin dominance: 61.7%
• Ethereum dominance: 9.2%

Weekly Price Performance – Top 50 Coins by MarketCap

Top Gainers:

• $PIP +156.8%
• $PEPE +83.7%
• $ARB +49.7%

Top Losers:

• $LBTC
• $GTG
• $FTN

On-Chain Data Leaders

By Total Revenue (fees paid by users):

• Tron (TRX)
• Uniswap (UNI)
• Jito (JTO)

By Total Value Locked (TVL):

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

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

Revenue Snapshot – Past 6 Months

• Bitcoin: $0.5 million
• Ethereum: $2.3 million
• Solana: $1.4 million

Ethereum and Solana revenues remain subdued compared to early 2024 peaks. Memecoin trading previously boosted activity, especially on Solana, but has since slowed. Bitcoin’s transaction revenue remains flat.

Macro Highlights

• The Fed kept interest rates unchanged at 4.25%–4.50%
• ISM Services Index came in at 51.6% (vs. 50.4% expected)

Market Predictions

• 92% probability the Fed holds rates steady in June
• 56% probability of no change in July
• 51% probability of a 0.25% rate cut in September (source: CME Group)

What to Watch This Week

• U.S. Headline CPI (April): expected at 2.34%
• Core CPI (April): expected at 2.76%
• U.S. Retail Sales: expected at 0.1% (vs. 1.4% previous)
• PPI Index report
• Fed Chair Powell speaks on Thursday, May 15

Crypto Developments

• Bitcoin broke above $100,000 and is now targeting $106,000
• Price gains supported by a US-China trade deal, which may boost global liquidity and risk appetite
• Crypto investment products saw $880 million in net inflows last week
• Sui-based products led altcoin flows with $11 million, surpassing Solana year-to-date
• German and Australian crypto funds saw net weekly inflows of $44.5 million and $10.2 million
• Tokyo-based Metaplanet bought 1,241 BTC worth $706.7 million, surpassing El Salvador’s holdings
• Goldman Sachs increased its holdings of BlackRock’s IBIT ETF by 28%, becoming its largest shareholder
• The firm acknowledged crypto in its annual shareholder letter for the first time, noting that regulatory clarity on stablecoins could accelerate institutional adoption

Listen to the full summary on the altFINS Podcast.

Read the Full Weekly Overview Report