CCData's weekly ‘Chart of the Week’ highlights topical digital asset developments with vital commentary and analysis.
In this week's Chart of the Week, we examine BTC's daily returns so far in 2025. More days have posted positive returns than negative, highlighting Bitcoin’s resilience in the market. Monday has been the strongest day, averaging a 1.55% gain, followed by Friday’s 1.06%, suggesting bullish momentum leading into the weekend. Meanwhile, Sunday (date) recorded the most extreme downside, with an average return of -1.32%, making it the weakest day of the week.
BTC’s price movements have been largely influenced by key announcements from the Trump administration and a series of macroeconomic events, including the release of CPI data as well as the latest FOMC meeting. Despite these mid-week catalysts, Wednesday and Thursday (date) returns remained relatively flat, at 0.12% and 0.11%, respectively.
This week’s Chart of the Week highlights May’s correlation of daily returns between BTC, ETH and the SP500, falling to 15.8% and 18.2%, respectively, the lowest level since August 2022.
Digital assets have benefitted from a significant price appreciation following signs that tight monetary policy and high interest rates may soon reach their peak. This comes after the recent collapse of Silicon Valley Bank, causing a stir in the banking system, and amplifying the interest in digital assets.
The depegging of USDC and regulatory issues with BUSD has led to Binance converting $1 billion of their Industry Recovery Initiative funds to BTC, ETH, and BNB, triggering further buy pressure for digital assets.
In this week's Chart of the Week, Solana emerges as a standout performer among assets, delivering impressive returns over the course of this year.
The asset's market dominance by monthly trading volume has surged to an all-time high of 5.54% in November (as of the 13th). On November 11th, Solana accounted for 8.85% of all trading volumes on centralised exchanges, surpassing the previous all-time high of 8.66% recorded on September 9th, 2021.
In this week’s Chart of the Week, we explore the ongoing optimism in the digital asset market, which has seen yearly highs consistently recorded across various sectors. Numerous asset baskets have maintained tight return profiles, indicating a robust overall market.
Although correlations remain high, the AI category, which includes $AGIX and $FET, has dominated returns since the rally began, posting an aggregated 48.7% increase since October 1st. Following closely behind, Infrastructure tokens like LINK and FIL have contributed to an aggregated return of 44.8%, breaking multi-year ranges in the process.
In this week's "Chart of the Week," we examine October’s bullish trend in digital asset management products, as Assets Under Management (AUM) experienced a surge of 24.8%, reaching a new yearly peak on October 30th.
This level of growth has not been observed since May 2022, underscoring the prevailing optimism within the digital asset industry. The upward trajectory in Bitcoin's price, which has seen a remarkable 28.1% increase throughout October, has significantly contributed to this positive momentum.
In this week's Chart of the Week, we look at last night's breakout move. Bitcoin's spot price reached a 15-month high, with the CCCAGG price of BTC-USD pairs reaching a high of $35,183. CCData's trade data shows that the price of the BTC-USDT pair on OKX reached as high as $35,919 at 10:30 pm UTC, trading at a premium compared to other venues due to increased demand and varying liquidity.
The pair traded a volume of $352 million during the hour, second only to the BTC-USDT pair on Binance, which traded a volume of $577 million in the same hour.
In this week's Chart of the Week, we examine the narrowing Grayscale GBTC discount, which decreased to 14.8% in October, the lowest level since December 2021. This represents a 30.4% increase in the trust's net asset value as positive sentiment surrounding the ETP proves to be an attractive arbitrage opportunity for investors.
The discount is likely to continue diminishing with the ongoing anticipation surrounding Grayscale's case for the conversion of GBTC Trust into an ETF product. The SEC recently decided not to appeal against the D.C. Circuit Court of Appeals' August verdict overturning the regulator's decision to reject Grayscale's attempts to convert its trust into an ETF.
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