Cryptocurrency Market Overview This Week

This week started with a promising cryptocurrency market recovery after a $19 billion market crash earlier in the month, as demand for digital assets started rising with a potential end to trade tensions on the horizon. However, the positive momentum took a sharp turn on Wednesday, when Bitcoin exchange-traded funds (ETFs) posted $470 million in outflows despite the US Federal Reserve decision to cut interest rates by 25 basis points. Fueling investor concerns, Thursday’s trade meeting ended with no significant announcements related to import tariffs, resulting in more uncertainty for global and digital asset markets.

Saylor Predicts Bitcoin to Reach $150,000 by End of 2025

Michael Saylor, the co-founder of MicroStrategy, the largest Bitcoin (BTC) treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025. Saylor cited the US Securities and Exchange Commission embracing tokenized securities, US Treasury Secretary endorsing stablecoins to protect dollar dominance, and the overall regulatory pivot in the US as reasons to remain bullish.

Standard Chartered Sees $2 Trillion in Tokenized RWAs by 2028

Tokenized real-world assets (RWAs) may reach a cumulative value of $2 trillion in the next three years as more global capital and payments migrate onto efficient blockchain rails, according to investment bank Standard Chartered. The bank said that the “trustless” structure of decentralized finance (DeFi) was poised to challenge the dominance of traditional financial (TradFi) systems controlled by centralized entities.

K33 Research: "No BlackRock, no party" for Bitcoin, Altcoin ETF Investments

The long-awaited approval of altcoin ETFs may not bring the massive inflows investors expect without participation from asset management giant BlackRock, according to market data. BlackRock’s iShares Bitcoin Trust ETF received significant investments, pushing total spot Bitcoin ETF inflows to a substantial figure. Without BlackRock’s fund, the spot Bitcoin ETFs recorded a net outflow, according to K33’s head of research.

Solana ETFs May Attract $6 Billion in First Year

Investors are closely watching the launch of the first Solana staking ETF, a move expected to inject billions of dollars into Solana and the broader altcoin market. At least three altcoin ETFs were expected to launch, including Bitwise’s Solana (SOL) ETF and others, according to Bloomberg analyst Eric Balchunas. The SEC’s approval of the first Solana staking ETF was a “transformative” milestone that may attract additional capital into the altcoin within the first year.

DYdX Community to Vote on $462,000 Payout Proposal Following Outage

Decentralized exchange dYdX released a post-mortem and community update detailing plans to compensate traders affected by a chain halt that paused operations for about eight hours. The exchange said that its governance community will vote on compensating affected traders with funds from the protocol’s insurance fund.

DeFi Market Overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the red. The Plasma (XPL) token fell significantly, marking the week’s biggest decline in the top 100, followed by DoubleZero (2Z).