Weekly Web3 Research｜The Market Rose Across the Board

Weekly Trend Overview

This week, the crypto market has experienced a strong rebound and entered a general rise across the board. Affected by the shift in Trump’s tariff policy and the issue of the Federal Reserve’s independence, the crypto market has ushered in a new round of liquidity and capital influx, and seen a large-scale rise along with the US stock market. Overall, the market is currently in a state of rapid rise, and the short-term trend of the market is mainly continuous catch-up.

Most of the mainstream coins in the market showed a relatively obvious upward trend this week. As market sentiment concerns caused by Trump’s tariff policy are weakening and the dollar is weakening due to the Federal Reserve’s independence issue, the crypto market has seen a significant increase.

In general, the market was still greatly affected by external factors this week, but the overall liquidity has been significantly improved, which makes it possible for the market to get rid of the previous continuous consolidation state. The overall market trend for the week showed a rapid rise in the short term, and it once broke through the $3 trillion mark in a short period of time. There is a slight decline, and it is highly likely that the market will usher in a new round of floating near the closing time of the week.

The price of BTC has risen significantly this week. After reaching above $93,000, the price currently fluctuates within a small range and remains around $93,500. It is highly likely that it will set a new record high again in the short term.

ETH’s weekly price increase is greater than BTC’s. The coin price has fallen slightly after breaking above $1,800. The weekly high was around $1,811 and currently remains around $1,766.

This week, the price trend of major cryptocurrencies is mainly upward. The overall market value of the crypto market has increased, reaching about $2.93 trillion, down about 0.3% in 24 hours. The current price of BTC is around $93,500. The current price of ETH is around $1,760.

The overall crypto market rose significantly this week. Most mainstream coins rose in price due to external factors, and the overall average increase was the largest in recent times. The top coin with the largest increase was TRUMP, which rose by about 58% in a week and was priced at around $12. The recent rapid rise of this coin also reflects the continued impact of a series of policies after Trump took office on the crypto market.

This weekend, the overall cryptocurrency market is expected to experience slight fluctuations, with an upward trend remaining the primary trend in the short term. However, the rise and fall of major coins are still greatly affected by external news factors, especially the overall problems faced by the subsequent maturity of US Treasury bonds.

Crypto Market

🔥According to Cointelegraph on Monday, Bloomberg senior commodity strategist Mike McGlone said that with the implementation of Trump’s recent policies, investors have turned to safer assets such as gold.

🔥As Cointelegraph reported on Monday, on-chain analysis platform CryptoQuant warned in its Quicktake blog post that the Bitcoin market is about to experience a shock.

🔥According to Riabiz, Charles Schwab’s newly appointed CEO, Rick Wurster, expects to launch direct spot crypto trading within the next 12 months, and spot crypto trading will become a “bet” for every major brokerage firm.

🔥According to CoinDesk, 21Shares released a report stating that based on an analysis of historical trends and current market signals, it is expected that Bitcoin may reach $138,555 by the end of 2025.

🔥According to Cointelegraph, Glassnode data shows that Bitcoin whales are still in a strong accumulation zone. Currently, large holders (whales and sharks) holding more than 100-1,000 Bitcoins are absorbing Bitcoin at the fastest speed in history. The current absorption of this group has exceeded 300% of the annual issuance of Bitcoin. ​

🔥According to LedgerInsights, the Bank for International Settlements (BIS) released a paper this week exploring the financial stability risks of cryptocurrencies and decentralized finance (DeFi). Most central bank officials believe that cryptocurrencies are too small and self-contained, so they do not yet pose a financial stability risk.

🔥Tether CEO Paolo Ardoino said that the global users of Tether stablecoin (USDT) have exceeded 450 million, and currently, more than 30 million new users are added each quarter. The main growth comes from emerging markets. Tether is continuing to promote the popularization of the “digital dollar” worldwide.

🔥Adam, a macro researcher at Greeks.live, released a Chinese community briefing, saying that market sentiment was divided. Some traders were optimistic about the performance of altcoins over the weekend and believed that SOL had risen more than 10 times from the bottom, but there were also views warning that this might be the last madness.

🔥According to Bitcoinist, after several days of consolidation, both bulls and bears have failed to fully control the situation. This indecision reflects the general uncertainty in global financial markets.

🔥Michael Saylor, founder of Strategy (formerly MicroStrategy), once again released information related to Bitcoin Tracker on the X platform: “The number of orange dots is not enough.”

🔥CryptoQuant analyst Carmelo Alemán wrote that on April 14, 2025, Bitcoin’s realized capitalization (or Bitcoin’s realized market value) hit a record high.

🔥According to The Block, BTC hit a new high today, the first time since early April, driven by the recovery of global liquidity and institutional holdings. Strategy increased its holdings by 3,459 BTC at the beginning of this month, and the growth of the total M2 money supply also drove the market up. However, analysts warned that it is still too early to talk about a bull market because the US tariff policy is still unclear.

🔥According to the Wall Street Journal, citing sources, a banking consortium including Germany’s Deutsche Bank and Britain’s Standard Chartered Bank is considering expanding its crypto business to the United States.

🔥Pavel Durov, founder of Telegram, posted on the official TG channel that France almost banned crypto last month. The Senate passed a law requiring communication applications to set up a backdoor for police to access private information. Fortunately, the law was rejected by the National Assembly. However, three days ago, the Paris police chief spoke out again in support of the law.

🔥Crypto analyst PlanB posted on the X platform that he believes that Ethereum, as a “centralized, pre-mined, PoS-based, and arbitrarily changeable supply mechanism” project, is harmful to the crypto eco, and bluntly stated that it “deserves all the ridicule.”

🔥According to a chart shared by Bloomberg ETF analyst Eric Balchunas, there are currently 72 crypto asset ETFs covering various themes such as XRP, Solana, Litecoin, Dogecoin and even “2x Melania” registered with the U.S. SEC, awaiting approval or listing options.

🔥Julio Moreno, director of research at CryptoQuant, said on the X platform that the resistance level of Bitcoin price may be around $91,000 to $92,000, which coincides with the price realized on the chain by traders.

🔥Jeff Kendrick, an analyst at Standard Chartered Bank, said Bitcoin could rise to all-time highs if concerns about the independence of the Federal Reserve persist. He said that due to its decentralized ledger, the cryptocurrency is a hedge against risks in the existing financial . This is reflected in the risk of U.S. Treasuries after Trump hinted that he might remove Federal Reserve Chairman Powell because of his hope of lowering interest rates.

🔥Bernstein believes that although short-term volatility remains, the outlook for digital assets remains optimistic, and points out five major structural catalysts that support Bitcoin’s resilience and future upside potential.

🔥According to CoinDesk, the current BTC/Nasdaq ratio is 4.96, close to its all-time high. Previously, the ratio hit a record of 5.08 in January 2025, when Bitcoin hit a record high.

🔥According to the latest data from 8marketcap, Bitcoin has surpassed silver and technology giant Amazon, rising to sixth place in global asset market value.

🔥According to Bloomberg, Trump’s son co-founded a new company, American Bitcoin, with other investors and merged it with the publicly listed mining company Hut 8 Corp., which is led by CEO Asher Genoot and Chief Strategy Officer Michael Ho.

🔥According to Globenewswire, Trump Media Technology Group (DJT.O) has signed a binding agreement with crypto trading platform Crypto.com and asset management company Yorkville America Digital to launch a series of ETFs through the Truth.Fi brand.

🔥According to the FT, three people familiar with the matter revealed that Cantor Fitzgerald, led by Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and Bitfinex to build a multi-billion dollar Bitcoin acquisition platform.

🔥 According to Cointelegraph, Chiliz, a subsidiary of SportsFi, has met with the U.S. SEC to discuss investing in and re-entering the U.S. crypto market under the leadership of the crypto-friendly White House, as well as increasing the promotion of regulatory transparency for digital assets.

🔥According to CoinDesk, people familiar with the matter revealed that Dutch bank ING is developing a stablecoin, hoping to take advantage of the new European crypto regulations that came into effect last year.

🔥The official website of US President Trump’s meme coin “TRUMP” announced on Wednesday local time that it will invite the top 220 holders of the coin to dinner at a golf club near Washington on May 22, claiming that there will be an opportunity to hear “first-hand” information from Trump on the future of cryptocurrency.

🔥CoinGecko reported on Thursday that the total market value of cryptocurrencies has exceeded $3 trillion for the first time since March 7, 2025.

🔥According to Cointelegraph, Bitcoin has risen sharply this week, and related exchange-traded funds (ETFs) have surged inflows. Analysts believe that Bitcoin may soon reach $100,000, but Markus Thielen, head of research at 10xResearch, said in a market report: “Given that stablecoin minting indicators have not yet returned to active levels, we remain cautious about the sustainability of the current Bitcoin rally.”

🔥According to SolanaFloor, SOL Strategies, a Canadian Stock Exchange-listed company, has obtained convertible note financing of up to $500 million from ATW Partners, the largest financing of its kind in the Solana eco.

🔥According to Cointelegraph, the U.S. Office of the Comptroller of the Currency (OCC) stated its stance on cryptocurrencies and banks, saying: “OCC has clarified that certain crypto-related activities are legally permitted.”

🔥According to CoinDesk, Notabene’s latest “2025 Travel Rule Compliance Report” shows that 90% of the 91 surveyed virtual asset service providers are expected to fully comply with the anti-money laundering travel rules by mid-2025, and all surveyed institutions have pledged to meet the standards by the end of the year.

🔥According to Crypto America, about 15 cryptocurrency and fintech companies are applying for banking licenses from the U.S. Office of the Comptroller of the Currency (OCC), and some of them are seeking a more convenient way to obtain federal master accounts.

🔥On-chain analysis company Glassnode published an analysis on the X platform, saying that its Bitcoin supply map shows that sellers who bought Bitcoin for the first time in April had strong activity. Even though prices rose, the “fear of missing out” (FOMO) sentiment in the market was still rising, and new funds were pouring in.

🔥CoinShares research director James Butterfill wrote on the X platform that since the US “Liberation Day” tariff announcement on February 2, Bitcoin has outperformed the Nasdaq 100 Index by 15.9%, highlighting its advantages as a decentralized investment asset.

Regulatory & Macro Policies

🔥According to Cointelegraph, a crypto reserve bill in Arizona has been passed by the House of Representatives and is now only one successful vote away from being submitted to the governor’s desk for formal approval. On April 17, Arizona’s Strategic Digital Asset Reserve Act (SB 1373) was approved by the full House Committee. Before the bill is read for the third and final time and put to a full vote, it must be reviewed by 60 members of the House of Representatives. SB 1373 aims to establish a digital asset strategic reserve fund, which will be composed of digital assets confiscated through criminal prosecutions and will be managed by the state’s treasurer.

🔥The official website of the Supreme People’s Procuratorate recently published a theoretical research article titled “Improving the Identification and Proof Mechanism of Virtual Currency Involved in Criminal Cases”. The article stated that due to the anonymity and technical complexity of virtual currency, it is difficult to identify it in criminal cases, difficult to track the flow of funds, and difficult to determine its value.

🔥The People’s Bank of China, the State Administration of Financial Supervision, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government jointly issued the “Shanghai International Financial Center Action Plan to Further Enhance the Convenience of Cross-border Financial Services.”

🔥U.S. Representative Nydia Velazquez of New York has introduced the Puerto Rico Digital Asset Fair Taxation Act, which aims to prevent investors from using the U.S. territory of Puerto Rico as a crypto tax haven.

🔥According to Cointelegraph, the European Central Bank (ECB) has warned of the possible consequences of the United States’ radical support for the crypto industry, saying that the surge in US dollar stablecoins could undermine the stability of the European financial . According to a policy document obtained by POLITICO, the ECB called for a revision of the Crypto Asset Market Regulation (MiCA) regulatory framework just months after it came into effect. At the heart of the dispute is that US reforms supported by President Trump could flood European markets with dollar-denominated stablecoins. The ECB is concerned that this could trigger European capital to flow to US assets, weaken the EU’s financial sovereignty, and expose banks to liquidity risks.

🔥According to Watcher.Guru, Michael Saylor said: “Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, will have a positive attitude towards Bitcoin.” Earlier news came that Paul Atkins was sworn in to replace Gary Gensler as Chairman of the U.S. SEC.

🔥According to Bloomberg, Trump signed an utive order in early March calling for the establishment of a separate strategic reserve of Bitcoin and other tokens, and requiring the Secretary of the Treasury to uate the legal and investment considerations of the plan within 60 days.

🔥According to CNBC, U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda participated in the “Money Movers” program to discuss how the current SEC is different from Gary Gensler’s SEC and when the crypto regulatory framework can be expected. Uyeda said that the crypto working group is working hard to develop a regulatory framework.

🔥According to official news from the U.S. Securities and Exchange Commission (SEC), SEC Chairman Paul Atkins will deliver a speech at the next crypto roundtable on April 25. Earlier news said that the U.S. SEC will hold the third crypto policy roundtable on April 25, focusing on custody issues.

🔥According to Interfax, the Russian Ministry of Finance and the Central Bank will set up a crypto exchange for high-net-worth investors as one of the compliance mechanisms under the “experimental legal “. Participants must have assets of more than 120 million rubles or annual income of more than 50 million rubles. The plan aims to legalize crypto transactions and increase market transparency, but it is limited to foreign trade settlements and does not apply to domestic payments. The relevant transactions will be launched on a pilot basis in 6 months.

Crypto Market Highlights

⭐️Last week, the crypto market as a whole has seen a large-scale rise. Affected by the reduction of concerns about Trump’s tariff policy and the issue of the independence of the Federal Reserve, the U.S. stock market and the crypto market have seen a significant rebound, and the crypto market has seen a general rise across the board. In the past week, mainstream coins have mainly seen short-term rapid daily increases. The current market is in a small ups and downs trend, and the current market is expected to maintain a compensatory rise.

⭐️This week, the increase in the price of TRUMP in the crypto market ranked first among the mainstream coins, reaching about 60%. This is mainly because the coin is the official Trump certified token. Recently, affected by Trump’s related dynamics, the price has shown a short-term rapid rise. The price of TRUMP has fallen back and remains around $12. The weekly high is around $14.6. It is currently in a short-term fluctuation trend and the price is relatively stable.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Courtesy Of TradingView)

This week, the BTC price trend has been rising continuously since the opening, and the price once broke through $94,000. It has fallen slightly, but it still remains in the recent high price range. Affected by external news factors, the BTC price hit a record high, and the overall capital scale has reached the sixth largest asset in the world. The BTC price is likely to continue to rise in the short term, and the continuous rise and fall in a small range will be the mainstream market.

Ethereum (ETH)

(Data Courtesy Of TradingView)

ETH’s price trend this week is higher than BTC’s, but the short-term ups and downs are also more volatile. ETH’s price peaked above $1,800 in a week. Currently, ETH’s price is around $1,760. The subsequent trend is likely to continue to rise and fall in a small range, but there is a large upward space. It is expected that there will be certain price changes during the weekend.

Web3 Project Trend

This week, the total market value of the seven types of projects increased across the board, and the increase hit a recent high. The market experienced an upward recovery due to external factors. Therefore, most tracks were dominated by rebounding. It is expected that the current main trend will continue during the weekend closing period, and a slight upward trend will be the most likely trend.