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 delve into the latest findings from our Exchange Benchmark, the industry standard for assessing the risk associated with digital asset exchanges. The report highlights how an increasing number of exchanges are enhancing their security measures via the implementation of security certificates and custodian services.
According to our research, the percentage of exchanges holding ISO 27001, SOC2 certificates, or similar credentials has risen from 24% in October 2022 to 30% in April 2023. In addition, the adoption of custody providers has increased from 26% in October 2022 to 34% currently.
The Shapella Upgrade, which allows for staked withdrawals, goes live today! The upgrade will allow for the withdrawal of locked staked funds and will complete the network’s transition to a proof-of-stake system.
It is expected to have a positive impact on the underlying asset, represented by lower negative funding rates and increasing open interest. Over the past few months, Ethereum open interest has experienced consistent growth.
This week's Chart of the Week highlights market cap dominance, which has surged from 38.3% at the start of the year to a new high of 45.2%, surpassing the levels seen in April 2021. Bitcoin has a track record of leading market recoveries during downtrends, a pattern that could potentially repeat itself.
This week's "Chart of the Week" showcases the growth achieved by March. Following a surge in price, the leading surpassed other leading coins, recording a staggering 20.9% return (as of March 26th) and marking its highest market dominance for the year. BTC's market capitalisation also broke the $500bn milestone, reaching a figure not seen since June 2022.
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.
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