Market updates and key performance

This is a very short and simple update on what we have seen this week in the cryptocurrency market. Staying up to date with the latest developments in the market is essential for making better decisions. Let’s analyze the market. ready? Dive in!

Weekly update for the US market

The US S&P 500 index saw a decline of 0.88% last week. The global market showed mixed performance. Europe achieved growth by 0.67%, Japan by 1.91%, India by 0.85%, and Australia by 0.16%. Meanwhile, as in the US market scenario, China fell by 5.48% and South Africa by 0.34%.

This week, the United States saw several important index releases. In November, pending home sales in the United States rose year over year from 5.4% to 6.9%. In December, the US Chicago Purchasing Managers’ Index fell from 40.2 points to 36.9 points. The US Dallas Fed Manufacturing Index rose in December from -2.7 points to 3.4 points. The S&P/Case Shiller US home price index fell year-over-year from 4.6% to 4.2%, but performed slightly better than expectations of 4.1%.

In the last week of December, the interest rate on a 30-year MBA mortgage in the US rose to 6.97% from 6.75%. Initial unemployment claims in the US fell from 219,000 to 211,000 during the same period. The final S&P Global manufacturing PMI fell to 49.4 in December from 49.7 the previous month. The US ISM Manufacturing PMI rose to 49.3 points in December from 48.4 points in the previous month.

The dollar has shown strength this week against almost all major currencies, including the euro, yuan and rupee. Against the US dollar, the euro rose by at least 1.08%, the Chinese yuan by 0.3%, and the Indian rupee by 0.43%. Conversely, the Japanese yen fell by 0.31%.

The US market outlook for 2025 is positive. Economic growth is expected, driven by strong consumer spending, rising real incomes, and healthy household finances. Supportive government policies are also a factor. Inflation is likely to decline further, while the labor market remains stable, creating an environment conducive to sustainable economic progress.

Cryptocurrency market scenario this week

The total market capitalization of the cryptocurrency sector rose from 3.19 trillion to 3.41 trillion this week, representing an impressive growth of 6.89%. Likewise, the market cap of altcoins jumped from 1.34 trillion to 1.47 trillion, registering a rise of approximately 9.7%. The total market capitalization of cryptocurrencies excluding the top 10 cryptocurrencies index also recorded an increase of 11.59%.

Bitcoin market overview

The Bitcoin market recorded a growth of 5.87% in the past week. On December 30, the price reached a low of $92,802.93. On January 3, 2025, it reached a weekly peak of $98,980.05. At the time of writing, Bitcoin remains at $98,023.99 – approximately 0.96% below the weekly peak.

Ethereum market scenario analysis

This week, the Ethereum market rose approximately 7.05%. On December 30, Ethereum price reached $3,361.95. Although it fell sharply on December 31 to a low of $3,337.65, it rebounded to a weekly peak of $3,630.09 on Friday, January 3, 2025. As of now, ETH price remains at $3,591.11 – about 1.07% below the peak. weekly.

Top 10 Cryptocurrencies: Weekly Performance Review

The first week of January 2025 was largely positive for the cryptocurrency sector. Almost all of the top 10 currencies have shown growth in the past seven days. Aside from BTC’s 5.87% growth and Ethereum’s 7.05% growth, the market saw growth in XRP (14.5%), BNB (3.4%), Solana (17.6%), Dogecoin (24.5%), and Cardano (25%). %).

Trending this week

PolitiFIi, The Boy’s Club, Frog-Themed, Elon Musk-Inspired, and AI Agents are among the five most popular categories at the time of writing. Among them, PolitiFi shows the highest seven-day growth of 47.6%.

Bio Protocol, ai16z, Sui, Virtuals Protocol, and Hyperliquid are among the five most traded coins this week. Among these cryptocurrencies, ai16z displays the highest seven-day rise of 75.8%.

Encryption class overview

In the past seven days, the market cap of the coin category has increased by 4.36%, on-chain by 9.32%, stablecoins by 0.31%, meme by 21.7%, decentralized finance by 6.96%, blockchain infrastructure by 8.98%, and blockchain services by 11.4%. %, GameFi by 11%, NFT by 5.67%, Social Media by 2.12%. However, during the same period, CeFi’s market capitalization decreased by approximately 5.82%.

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