Crypto market dynamics this week

BTC ETF has seen net inflows for three consecutive weeks, with an inflow of $920 million last week, and $3.03 billion and $1.81 billion in the previous two weeks, respectively. This ongoing trend indicates that investors are optimistic about the future market. The price of BTC reached a high of $105,000 in the past week and is expected to set a new historical high in May. The market's greed and fear index continues to rise, and sentiment has entered the greed phase.

Although there was a net outflow of $38 million from the ETH ETF last week, the price of ETH surged significantly from the $1,800 range to $2,600, even experiencing a single-day increase of 25%. The ETH/BTC exchange rate has risen significantly, currently reported at 0.024; ETH's market share has also rebounded from around 7% to 9%. Analysis shows that the recent rise in ETH is not highly correlated with ETF fund flows. Some believe that the current rise in ETH may be due to various indicators being at historical lows, representing only a short-term rebound.

In terms of popular cryptocurrencies, MOODENG, GOAT, PNUT, PI, and KAITO have performed outstandingly. MOODENG has risen by 566.53% this week, reaching a peak price of 0.2889 USDT, with a current market capitalization of 260 million USD. GOAT increased by 212.9%, with a peak price of 0.2503 USDT, and PNUT rose by 167.6%.

The performance of the US stock market was mixed, with the S&P 500 index down 0.8%, the Dow Jones Industrial Average down 1.2%, and the Nasdaq index down 1.5%. Market volatility continues, influenced by uncertainty regarding tariff policies and uneven corporate earnings reports. The escalating tensions in US-China trade and restrictions on chip exports are exacerbating the impact on technology stocks. Intel's poor earnings report weighed on the Nasdaq, while Tesla's strong performance provided support for the S&P 500.

Important economic data and events this week include: speeches by Federal Reserve officials, the release of the US April CPI and PPI data, weekly initial jobless claims, and the preliminary value of the one-year inflation rate expectation for May.

In the Meme coin sector, MOODENG, GOAT, CHILLGUY, and others have surged significantly, indicating that market funds prefer popular Meme coins with full circulation. MOODENG has risen over 130% within a day and over 6 times in a week, becoming the best-performing Meme coin. Several trading platforms have announced the listing of MOODENG, stimulating its purchasing demand.

In the AI agent sector, PIPPIN, SWARMS, GRIFFAIN, and others have risen, indicating that AI agents remain a market focus. However, the tokens in this sector are still significantly below their historical highs, reflecting market skepticism towards existing AI agent projects, and new projects may emerge in the future.

The upcoming token unlock events include: APT will unlock approximately 11.31 million tokens on May 12, worth about $58.47 million; Avalanche plans to unlock approximately 9.54 million AVAX tokens on May 17, 2025, accounting for 2.49% of the total supply, worth about $329 million.

It is important to note that all cryptocurrency investments are inherently highly speculative and carry significant risks. Investors should carefully consider whether to participate in digital currency trading or holding based on their individual investment goals, financial situation, and risk tolerance. Past performance does not guarantee future results, and market prices may fluctuate significantly.