Crypto Market Overview
Weekly Price Movements
- BTC: $29,468 USDT (-2.73%)
- ETH: $1,813.6 USDT (-11.23%)
- BNB: $305.8 USDT (-4.26%)
- ADA: $0.48 USDT (-11.6%)
- SOL: $44.98 USDT (-14.2%)
- DOGE: $0.082 USDT (-3.73%)
Market Insights
- BTC Records Historic Downtrend:
Bitcoin has declined for nine consecutive weeks since March 28, dropping from $48,189 to $29,468—a 38.8% correction. QCP Capital notes that while traditional markets rebounded ~10% after May 20 lows, BTC and ETH continued to underperform, with BTC potentially closing May down ~22%. This extended bear market may present accumulation opportunities. - MicroStrategy Holds Firm:
CEO Michael Saylor confirmed MicroStrategy has not sold any BTC and will continue buying during market dips. The company adopts a "top-price accumulation" strategy, viewing dips as long-term entry points. - Ethereum Merge Scheduled for August:
Vitalik Buterin announced the Ethereum network will transition to Proof-of-Stake (PoS) in August. Framework Ventures' Vance Spencer calls this 2022’s most pivotal crypto event, estimating a potential 90% reduction in daily ETH issuance post-merge.
Key Metrics
Metric | Value | Insight |
---|---|---|
Bitcoin Hashrate Growth | 139% | Since July 2021 lows, BTC hashrate surged to 209.89 EH/s (OKLink data). |
US Blockchain Funding Share | 51% | Leads global investments; China follows at 18% (2022 data). |
TRON TVL Growth | 46.46% | Boosted by USDD yields; only top-10 chain with positive monthly growth. |
Solana Active Addresses | 6.45M | Dominates with 98.46% lead over BNB Chain; Celo surges 46% weekly. |
NFT Market Highlights | 300% | Goblintown.wtf floor price skyrockets; BAYC retains #1 position. |
Investment Trends
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- Total Funding: $856M across 47 deals (slight weekly decline).
Top Sectors:
- Web3: 17 deals (36%)
- NFT: 14 deals
- Infrastructure: 12 deals
Notable Raises:
- StarkWare ($100M at $8B valuation)
- Babel Finance ($80M at $2B valuation)
Top News
- Address Milestone: 1+ BTC wallets hit all-time high.
- ENS Revenue: $8M+ May registrations (record high).
- Africa’s Crypto Boom: VC funding up 11x YoY.
- Coinbase: First crypto firm in Fortune 500 (#437).
- Regulatory Shift: SEC hints at accelerated crypto rules.
Industry Perspectives
"Bitcoin is earning a place in diversified portfolios."
— Ray Dalio, Bridgewater Founder"STEPN’s tokenomics spiral may have begun."
— A&T Capital Partner
FAQs
Q: Why is Ethereum’s merge significant?
A: It reduces energy use by ~99% and cuts ETH supply growth dramatically, potentially creating scarcity.
Q: What’s driving TRON’s TVL growth?
A: High USDD staking yields attract capital despite broader market declines.
Q: How long has Bitcoin’s downtrend lasted?
A: Nine weeks—the longest streak in BTC history.
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About 98KDAO: A collective of blockchain enthusiasts delivering cross-cultural crypto insights.