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 COTW, we examine Bitcoin's yearly returns from 2011 to 2024, highlighting its extreme volatility and rapid adoption. To date, BTC has achieved a compound annual growth rate (CAGR) of approximately 165% since 2011, underscoring its resilience as one of the best-performing assets during this period.2013 remains Bitcoin's standout year, with a staggering 5,960% return, as its price soared from roughly $13 to $806. Similarly, 2011 (+1,474%) and 2017 (+1,291%) also posted annual returns exceeding 10x.
Only three years—2014 (-61%), 2018 (-72%), and 2022 (-65%)—recorded negative yearly returns, each spaced four years apart, with all declines exceeding 60%.If the historical 4-year cycle pattern persists, where three consecutive positive years are followed by one year of decline, 2025 is expected to end on a positive note. While Bitcoin reaching an all-time high before the next halving could influence the historical applicability of these trends, with numerous catalysts anticipated in 2025, another positive year is likely.
In this week's COTW, we analyse Bitcoin's weekly returns since the November U.S. election results. On December 23rd, Bitcoin recorded its first significant weekly drop following the U.S. elections, declining 10.7% to $94,771. This marked the steepest weekly decline since August when Bitcoin fell 19.1% amid concerns over the unwinding of the Japanese Yen carry trade in U.S. markets
Before this week’s downturn, Bitcoin had enjoyed six consecutive weeks of strong price performance, coinciding with Donald Trump's victory in the U.S. elections on November 5th. This streak of gains was the longest since November 2023, when Bitcoin achieved eight consecutive weeks of upward momentum.
This week's COTW explores Hyperliquid's month-to-date trading volumes alongside the top four centralised exchanges by derivatives volume.
Hyperliquid, the leading decentralised exchange for derivatives, has already achieved an impressive $78.4 billion in trading volume this December, surpassing its previous all-time high recorded in November.
This surge in activity followed the successful launch of its native token on November 29th, which attracted capital inflows and heightened attention to its platform and offerings.
While centralised exchanges like Binance, OKX, and Bybit maintain significantly higher volumes, Hyperliquid's daily trading volume peaked at $10 billion on December 4th, making it the fifth-largest retail derivatives platform on that day.
In this week’s Chart of the Week (COTW), we examine Bitcoin’s historical monthly returns for December since 2010. December has generally been a strong month for Bitcoin, delivering an average return of 11.8%. Since 2014, it ranks as the fifth-best performing month for the asset, with October leading the pack at an average return of 18.2%.
The price action could further be fuelled by the “Santa Rally”, a seasonal trend typically observed in the stock market where equities experience positive price action during late December. However, with the increased institutional participation this cycle, we could see more volatility as we head to the holiday season.
In this week's COTW, we examine the 7-day average trading volume of altcoins and Bitcoin's share of spot market activity.
With Bitcoin surpassing $100,000, retail traders have shifted their focus to altcoins, leading to a decline in Bitcoin's 7-day average trading volume dominance, which fell to 22.5% on December 4th.
This marks the lowest level of Bitcoin trading volume dominance since March 2022.
Building on this momentum and with Bitcoin market cap dominance receding from its peak of 59.1%, the altcoin market is experiencing renewed activity.
This resurgence reflects the historical pattern of capital rotation within the crypto market, where Bitcoin's consolidation often paves the way for altcoins to gain traction.
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