Weekly Market Index

Last week’s crypto market prices fell by -6.92%. Volume and volatility increased by +29.83% and +122.67%, respectively.

Chart of the Week

Cryptocurrency traders experienced losses in liquidations during the last week, as crypto prices retreated amid regulatory developments in the US. According to the data from CoinGlass, more than US$1 billion in crypto futures contracts were liquidated (short liquidation US$245 million, long liquidation US$836 million) in the past 7 days. 

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were both down at -4.3% and -7.5%, respectively, in the past seven days. Other selected top-cap tokens also fell.

Key categories also fell in the past seven days.

News Highlights

• The European Union’s Markets in Crypto Assets law (MiCA) was published in the Official Journal of the European Union (OJEU). The procedural move means licensing, stablecoin, and anti-money laundering rules apply as of December 30, 2024.

• The Hong Kong Monetary Authority (HKMA) said it will start laying the foundation to implement a retail central bank digital currency. 

• Ethereum co-founder Vitalik Buterin laid out a new roadmap for the network to follow over the next few years, saying that the blockchain should push forward on key goals of layer-2 scaling, wallet security, and privacy.

• Crypto.com Exchange announced an integration with CoinRoutes, a leading provider of smart order routing and execution services. The collaboration aims to enhance institutional access to liquidity within the digital assets market and reduce friction for users.

Recent Research Reports

• Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in crypto and Web3, and the resurgence of meme mania. 

• The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes

• Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and crypto remains the best performer YTD. US debt ceiling dispute defused. Interest rate decisions from multiple central banks in the coming month.

Recent University Articles

• What Is Cryptocurrency?: Still wondering what cryptocurrency actually is, how it works, and how to use it? We’ve got the answers in this crypto beginner’s guide.

• A Short History of Bitcoin Price: The price of BTC has experienced peaks and valleys ever since it launched in 2009. Learn all about Bitcoin's price history.

• How to Buy Bitcoin and Other Cryptocurrencies: Wondering how to buy your first Bitcoin? Or cryptocurrency in general? Here's a step-by-step guide on crypto buying for beginners.

Catalyst Calendar

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