Crypto Market Summary - This Week
$BTC Performance
- Bitcoin reached $107K local high, staying near its December 2024 ATH of $109K
- Historic milestone: Capital inflows drove Realized Cap above $900B for the first time
- Short-Term Holder activity surge: Following record profitability improvements, spending peaked at $747M/day with $11.4B realized over 30 days
$ETH Momentum
- Major price surge in recent weeks, potentially fueled by excitement around the successful Pectra upgrade on May 7th.
- Notable daily gains exceeding +1σ moves, including a +21.8% single-day surge - the strongest since May 2021.
- Critical resistance zone: The $2,400–$2,900 range remains crucial for maintaining upward momentum and potential breakout
Market Implications
Both assets showing strong momentum with Bitcoin achieving new capital milestones and Ethereum demonstrating significant technical upgrade-driven growth.