BitMart Market Weekly Report
According to BitMart's market report on March 31, the cryptocurrency market showed overall fluctuations this week, with mainstream coins exhibiting divergent performances.This Week's Cryptocurrency Market Dynamics
BTC ETF saw an inflow of $196 million in a single week, marking two consecutive weeks of net inflow. Despite the ETF fund inflow, the market remains in a state of fear, with BTC prices fluctuating within a narrow range of $81,000 to $86,000 last week. BTC prices may continue this oscillating trend for some time. Notably, the AHR999 index has remained around 0.8, indicating that BTC prices are still suitable for long-term investors to dollar-cost average.
ETH ETF experienced a net outflow of $8.7 million, marking six consecutive weeks of net outflow; in the past week, ETH fell for six consecutive days, with the ETH/BTC exchange rate dropping to around 0.22, a new low in nearly four years; ETH's market share has dropped to 8.2%, also a near four-year low, with ETHD down over 80% compared to its peak in 2021. In the current price range, several ETH whales holding tens of thousands of coins are facing liquidation, and the fundamentals of the Ethereum project are unlikely to change significantly in the short term, leading to a collapse in market confidence.
This Week's Popular Cryptocurrencies
In terms of popular cryptocurrencies, TREEINCAT, MAVIA, LAYER, SAFE, and FORM have all performed well. MAVIA's price increased by 88.28% this week, reaching a peak price of $3.5618. LAYER's price rose by 36.12%, and FORM's price increased by 23.62%, with a current market capitalization of $900 million.
U.S. Market Overview and Hot News
The U.S. stock market closed down last Friday; the benchmark U.S. Treasury yield fell; gold futures hit a new high due to sticky inflation; crude oil futures rose for the third consecutive week. U.S. President Trump stated that reciprocal tariffs will take effect on April 2, which may become a watershed for global assets;
On April 4 at 20:30 Beijing time, the U.S. unemployment rate for March and the seasonally adjusted non-farm payroll data for March will be released; at 23:25 that evening, Federal Reserve Chairman Powell will give a speech;
Popular Sectors and Project Unlocks
Sui Network (SUI) will unlock approximately 64.19 million tokens at 8:00 AM Beijing time on April 1, accounting for 2.03% of the current circulating supply, valued at approximately $152 million;
Wormhole (W) will unlock approximately 1.39 billion tokens at 7:30 PM Beijing time on April 3, accounting for 47.4% of the current circulating supply, valued at approximately $117 million;
Risk Warning:
The risks associated with using BitMart services are entirely borne by you. All cryptocurrency investments (including returns) are inherently highly speculative and involve significant risk of loss. Past, hypothetical, or simulated performance does not necessarily represent future results.
The value of digital currencies may rise or fall, and there may be significant risks associated with buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment goals, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.
