Crypto Market Weekly Report: Bitcoin Hits New High, Ethereum Big Pump Draws Attention

Market Overview

In the past week, the crypto market has shown a strong upward trend. Bitcoin (BTC) price has broken through the $100,000 barrier, reaching a peak of $105,000, and is expected to set a new historical high in May. The market greed and fear index continues to rise, indicating that market sentiment is in the greed stage.

Bitcoin ETFs have seen net inflows for the third consecutive week, with net inflows reaching $920 million last week. This sustained trend of capital inflow indicates that investors remain optimistic about the market outlook.

Ethereum (ETH) has performed more impressively. Despite a net outflow of $38 million from its ETF, the price has surged significantly from the $1,800 range to $2,600, with a daily increase of as much as 25%. The ETH/BTC exchange rate has risen significantly, currently at 0.024; the market share of ETH has also rebounded from about 7% to 9%. It is worth noting that this wave of rise in Ethereum seems to be largely unrelated to ETF fund flows, with some opinions suggesting that it may just be a short-term rebound triggered by various indicators being at historical lows.

Performance of Popular Coins

The most outstanding performers this week are some small-cap tokens. MOODENG leads the way with a price surge of 566.53%, reaching a high of 0.2889 USDT, with a current market cap of approximately 260 million USD. GOAT follows closely behind with an increase of 212.9%, hitting a peak price of 0.2503 USDT. PNUT also showed strong performance, rising by 167.6%. PI and KAITO also performed well.

Overview of the US Market

The performance of the US stock market is mixed. The S&P 500 index fell by 0.8%, the Dow Jones Industrial Average dropped by 1.2%, and the Nasdaq index decreased by 1.5%. The market was affected by the uncertainty of tariff policies and mixed corporate earnings reports. Trade tensions and chip export restrictions have impacted the performance of technology stocks. Intel's weak earnings report weighed on the Nasdaq index, while Tesla's strong performance provided some support for the S&P 500 index.

Important Economic Data and Events

This week, multiple important economic data will be released, including the U.S. April CPI and PPI data, as well as the preliminary value of the one-year inflation rate expectation for May. In addition, several officials from the Federal Reserve will deliver speeches, including the opening remarks by Federal Reserve Chairman Powell at an event.

Popular Sector Analysis

The Meme coin sector performed remarkably, with multiple tokens such as MOODENG, GOAT, and CHILLGUY experiencing significant rises. MOODENG stood out in particular, with a daily increase of over 130% and a rise of more than 6 times in the past week, becoming the best-performing Meme coin in the market. Several trading platforms announced the listing of MOODENG, further stimulating its buying demand.

The AI agent sector has also attracted follow, with tokens like PIPPIN, SWARMS, and GRIFFAIN all experiencing a rise. Although there is still a distance from historical highs, this indicates that the AI agent remains one of the key areas of interest for market funds.

Upcoming Token Unlock Events

• APT will unlock approximately 11.31 million tokens on May 12, worth about 58.47 million USD.
• Avalanche plans to unlock approximately 9.54 million AVAX tokens on May 17, 2025, accounting for 2.49% of the total supply, with a current value of about $329 million. Additionally, approximately 1.13 million AVAX (about $38.81 million) will be distributed through airdrops.

Risk Warning

Cryptocurrency investment is highly speculative and carries a significant risk of loss. Past performance is not indicative of future results. The value of digital currencies may fluctuate significantly, and investors should carefully assess risks based on their individual circumstances.