Weekly Data Report for 21 to 27 March

Market Sentiment Improved

Abstract: Institutional investors’ frequent entries in the market in recent week, including Goldman Sachs, Qualcomm, ANZ, Bridgewater and others. As Ethereum Merge is expected to take place in the industry in June, developers and the community are cautiously optimistic. The secondary market went up generally and market sentiment improved.

  • Total market value increased. Last week, the total market value of digital assets increased to around US$2.1 trillion. Bitcoin reached a high of over US$47,000, representing an increase of around 15%.
  • Most of the top 100 digital assets gained. Last week, among the top 100 digital assets, 95 staged growth, while 5 witnessed decline
  • Exchange turnover increased. Last week, turnover on the 10 exchanges tracked by us rose by 13.8%. Binance moved up by +12.2%. Bitfinex, Bitstamp and Coinbase recorded decrease of 0.4% and 6.7% and increase of 37.4%, respectively.
  • Futures registered modest changes in turnover. Last week, turnover of Bitcoin futures market grew by 2.7% week-on-week, with close position increasing to US$0.02 trillion. Turnover of Ethereum futures market grew by 2%, with open position growing to US$0.009 trillion.
  • Turnover of Dex decreased to US$0.01trillion. The decrease in weekly turnover of Dex dropped by 6.7% as compared to last week.
  • Turnover of Opensea decreased to approximately US$0.0006 trillion. Turnover of Opensea increased to approximately US$0.0007 trillion, down by 8% as compared to last week.


  • The market rose in general. Market value of cryptocurrencies increased to approximately US$2.1 trillion last week, topping $2 trillion, while Bitcoin rose to over US$47,000, with a gain of 15%. Spot turnover posted modest changes compared to last week and turnover of Bitcoin futures rose by 2.7% while turnover of Ethereum futures increased by 2%. Institutional investors’ frequent entries in the market in recent weeks: Goldman Sachs announced its first OTC crypto trade with Galaxy Digital to enter the derivatives market; Qualcomm launched a US$100 million Metaverse Fund to invest in XR and associated technologies; ANZ, one of Australia’s Big Four banks, became the first Australian bank to mint an Australia dollar pegged stablecoin; Bridgewater is also planning for a crypto fund. Avalanche Bridge in the industry will support the BTC network, allowing for the bridging of BTC assets to the Avalanche DeFi ecosystem. As Ethereum Merge is expected to take place in June, developers and the community are cautiously optimistic. For some of the NFT blue chip projects such as BAYC, floor price and turnover of Azuki continued to rise. The general market sentiment improved with overall rally of the secondary market.

Digital Currency Market Capitalization Change:

Source: HashKey Capital Research, Coin360

Bitcoin Futures Daily Trading Volume:

Source: HashKey Capital Research, The Block

Legal Disclaimer:


  • The information contained in this document has been compiled by HashKey Group (as defined below) from sources believed to be reliable, but no representation or warranty express or implied is made by HashKey Group, its affiliates or any other person as to its fairness, reasonableness, reliability, accuracy, completeness or correctness. All illustrations, examples or forward-looking information (if any) contained in this document have been provided in good faith for illustrative purposes only as of the date of this document, and are not intended to serve as, and must not be relied upon as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Whilst efforts are made to ensure the accuracy and completeness of the information contained in this document at the time of publication, errors or omissions may occur. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. HashKey Group reserves the right to correct any errors or omissions, and to change or update information at any time without prior notice.
  • Each legal jurisdiction has its own laws regulating the types of investments and/or services which may be offered to its residents and/or in its jurisdiction, as well as the process for doing so.  As a result, certain investment products or services discussed in this document may not be eligible for sale or offered in some jurisdictions. This document is not an offer to sell or a solicitation of an offer to purchase any investments or services. Unless otherwise specified, HashKey Group does not hold itself out to be licensed to carry on regulated activities in any jurisdiction. Additionally, providing this material is not, and under no circumstances should be construed to act as a regulated business in any jurisdiction by any person or company that is not legally permitted to carry on such regulated business in that jurisdiction.
  • Nothing in this document constitutes legal, accounting, or tax advice, and you are advised to seek independent legal, tax and accounting advice prior to acting upon anything contained in this document.  The contents of this material have not been reviewed by any regulatory authority. Investors are advised to exercise caution in relation to any investments or services in relation to this document. If you are in doubt about any of the contents of this material, you should obtain independent professional advice.
  • To the full extent permitted by law, neither HashKey Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss arising from any use of this document or the information contained herein. No information contained in this document may be reproduced or copied by any means without the prior written consent of HashKey Group.
  • “HashKey Group” is a brand name to describe any one or more entities of the group companies composed of HashKey Digital Asset Group Limited and its Affiliates.

Miss Out !

Subscribe now to receive notifications of our articles and newsletters: