Weekly Crypto Bulletin: What Does the Horizontal Movement in the Markets Indicate?

Highlights from Last Week

Last week, Bitcoin experienced a decrease of 2.3%, and the total value of cryptocurrencies fell by 3.0%. The Fear & Greed Index remained in the "Fear" category for seven days.

Renowned cryptocurrency asset manager Grayscale stated that the weakening of the US Dollar could increase interest in crypto assets. Additionally, JPMorgan announced the launch of the first tokenized money market fund based on Ethereum.

Projects with Strong Treasuries

Treasuries refer to the financial assets held by a project that enable it to sustain operations and allocate resources for growth objectives. A strong treasury provides resilience against market fluctuations.

Analysts highlight that crypto projects with strong treasuries can attract the interest of institutional investors. According to recent reports from Grayscale, the depreciation of the US Dollar and regulatory developments could enhance interest in cryptocurrencies by 2026.

The increasing debt burden in the US is causing investors to seek alternative value storage options. New regulations may enable a broader investor base to participate in digital assets.

Important Developments of the Week

• JPMorgan announced My OnChain Net Yield Fund on the public Ethereum blockchain.
• Ripple's Spot ETFs have been showing a positive flow for 25 days, providing over $1 billion in net inflows.
• Aave announced that it has concluded a four-year SEC investigation.
• Significant outflows occurred from Spot Bitcoin and Ethereum ETFs.
• Bitwise filed an application with the SEC for a Spot Sui ETF.
• Tether's super offer for Juventus was rejected by the club, which drew attention.

Investor Sentiment and Fear-Greed Index

The Fear and Greed Index, which measures investor sentiment, has been hovering in the "Fear" region in recent weeks. This situation has negatively impacted investor feelings.

The information provided here does not constitute investment advice.