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, we look into how, despite the falling participation and interest, crypto investment products have maintained strong assets under management (AUMs) this year, with total aggregated AUM exceeding $35bn in August.
Although the SEC remains at large with their interpretations based on the age-old Howey Test, we have witnessed other jurisdictions such as the EU, UAE, and the UK introduce clear and positive legislation: MiCA, VARA, and FMSA respectively, which has positively impacted institutional flows into products.
In this week's 'Chart of the Week', we examine the surge in spot trading activity on Huobi during August. As of August 27th, the exchange recorded $25.8bn in trading volumes, making it the second-largest centralised exchange by monthly spot trading volume.
The exchange also saw its spot market share increase to 6.33%, its highest since October 2021. The uptick in trading activity coincides with recent concerns surrounding USDT flows on the exchange.
In this week's Chart of the Week, we explore AI tokens' resilience, yielding an impressive 18.4% increase despite recent market turbulence.
AKT leads the basket with an exceptional 248% return, followed closely by FET at 94.2%. Even without major market catalysts, like the SEC's ETF approval delays, investor focus appears to shift to real-world applications. AI's consistent outperformance throughout the year underscores this trend.
This week's Chart of the Week looks at the month-to-date (MTD) performance for a collection of major assets.
In August, the Dollar Index (DXY) and Bitcoin (BTC) emerged as the best performers, posting positive returns in a month which has been marked by significant declines across traditional asset classes.
Historically, $BTC has had an inverse correlation to the Dollar Index, whilst usually maintaining a positive correlation with traditional equities, especially tech stocks. However, this month has proved to be different - with BTC maintaining steady ground while other risky assets sell off.
Compared to other assets, BTC has shown signs of strength, most likely due to the positive sentiment surrounding the recent flurry of BTC Spot ETFs and the advancements made in the case against the SEC seen in the recent XRP ruling.
In this week's Chart of the Week, we examine the volatility of Bitcoin, which reached an all-time low of 36.3 on August 6th, according to the Bitcoin Volataility Index (BVIN). The BVIN measures the implied volatility of Bitcoin and is calculated by CCData using options data from Deribit.
Volatility has reached record lows following weeks of Bitcoin trading in a narrow range and historically low trading volumes on centralised exchanges. Typically, low volatility in the markets is followed by large market movements, the direction of which is unpredictable.
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