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.
This week, we feature two Charts of the Week showcasing BTC, ETH and stablecoins’ aggregate market cap dominance dropping 2.7% to 69.8% of the total crypto market cap. This is the biggest month-on-month fall since August 2021, when the market was recovering between BTC’s $64,000 peak in April and $69,000 peak in November.
The decline relates to a fall in stablecoin market share - down from 16.6% at the start of the year to 12.3% at the end of January. The decline in aggregate dominance in these assets, which are the least volatile assets in the crypto landscape, highlights the increased performance of small, volatile assets and market participants' change in sentiment during the first month of the year.
This week's Chart of the Week showcases the upward trend of Bitcoin, which is currently on track to record its highest monthly return in January since 2013.
As of January 29th, the cryptocurrency has experienced a 43.7% increase from December, marking its highest monthly return since December 2020.
In this week's Chart of the Week, we used our granular derivatives data to examine digital asset open interest and funding rate metrics to track market movements and measure the flow of money into the crypto futures market.
Bitcoin dominated Open Interest, recording an increase of 5.09% from the 1st of January till the 18th, followed by Ethereum, which recorded an increase of 14.29%. Ripple’s XRP and Cardano’s ADA also saw a significant increase in Open Interest — with a 51.6% and 69.4% rise, respectively.
In this week's Chart of the Week, we examine Bitcoin's overall yearly performance. Bitcoin ended 2022 at $16,531, recording the third ever negative yearly performance in its 14-year history.
The 64.2% fall in price, however, is not its largest decline in history. 2018 saw a 73% decline followed by a 92% increase the following year.
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