How Did the ABD Request Affect the Crypto Market? Details Here!

Last Week’s Crypto Market Analysis

In the past week, demand from the US has led to significant changes in the crypto markets. Bitcoin rose by 5.2%, while the total market value of crypto assets increased by 3.2%. During this period, there was a net inflow of $1.42 billion into Bitcoin ETFs. The daily transaction count for Ethereum reached an all-time high last Thursday.

Active User Data and Long-Term Potential

The number of active users not only reflects price movements but also sheds light on the adoption rate of products and services offered by a crypto project. These figures assist analysts in evaluating the long-term growth potential of projects. Activity on Ethereum has significantly increased over the past month, with the number of active addresses more than doubling compared to the same period last year.

Layer 2 solutions on Ethereum have reduced transaction costs, while the use of stablecoins has become a major driver of growth. The amount of staked ETH is approaching 36 million, and strong on-chain data, combined with ETF inflows, supports the potential for upward price movement. According to Standard Chartered, Ethereum could reach $7,500 within this year.

Important Developments of the Week

• A net inflow of $1.42 billion occurred in spot Bitcoin (BTC) ETFs. ETFs have experienced their most positive week since mid-October.
• There were inflows of $479 million into spot Ethereum (ETH) ETFs, $46.9 million into spot Solana (SOL) ETFs, and $56.8 million into spot Ripple (XRP) ETFs.
• CME Group plans to offer futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM).
• Ripple (XRP) received preliminary approval to establish an electronic money institution in Luxembourg. This step marks significant progress toward Ripple’s goals of building a cross-border payment infrastructure in Europe.
• US President Donald Trump's crypto project World Liberty Financial (WLFI) launched a new crypto lending platform called World Liberty Markets.
• Bitwise announced that the Chainlink (LINK) ETF has started trading. Bitwise's moves are being closely followed with significant interest in financial circles.

Investor Sentiment: Fear and Greed Index

The fear and greed index, which tracks the sentiments of crypto investors, has remained in the “neutral” zone over the past weeks. This situation indicates that investors have built a certain level of confidence in the market.

Reasons for the Rise and Fall

Among the standout crypto assets, Internet Computer (ICP) made headlines with a 25.1% increase. Axie Infinity (AXS), on the other hand, gained 75.4% due to tokenomics adjustments.

Pump.fun attracted attention with daily revenues exceeding $1 million, while the newly launched LIT experienced a 33.1% decline in value over seven days, reaching a market value of $900 million.