Crypto Catches a Bid: Digital Assets Lead the Week as Oil Finally Cools
Here’s where the key indicators sit versus their own history, plus the best and worst movers across companies and industries — and the risk and growth factors that may sit behind them. We don’t tell you what to do. We just show you what the data says, then close each section with a quick Read: the possible drivers, and what they could mean.
01 · COMPANIES
Movers Above $10B Market Cap
▲ LEADERS
1 WEEK
- Semtech Corporation — +25.81%
- Pershing Square Inc. — +24.67%
- Generac Holdings Inc — +17.33%
YEAR TO DATE
- Halozyme Therapeutics Inc — +60.71%
- The J. M. Smucker Company — +30.26%
- Anheuser Busch Inbev NV ADR — +23.44%
YEAR ON YEAR
- Keysight Technologies Inc — +88.47%
- WESCO International Inc — +61.24%
- Sociedad Quimica y Minera de Chile SA ADR B — +60.68%
Capnote tip: common growth factors among top YTD names include positive EBITDA margin, revenue growth from last year, and positive profit margin.
▼ LAGGARDS
1 WEEK
- HubSpot Inc — -13.76%
- DraftKings Inc — -12.09%
- Toast Inc — -10.66%
YEAR TO DATE
- Charter Communications Inc — -39.17%
- NVR Inc — -14.63%
- Ferrovial SE — -14.22%
YEAR ON YEAR
- CoStar Group Inc — -66.73%
- Roblox Corp — -64.63%
- Fiserv, Inc. — -64.08%
Capnote tip: common risk factors among these YTD laggards include competition intensity & availability of substitutes, change in customer demand or preferences, and macroeconomic decline or recession.
THE READ
Possible drivers: Semtech and Pershing Square both posted strong single-week gains (+25.81% and +24.67%) without an obvious shared sector driver, suggesting company-specific catalysts rather than a broad move. Halozyme’s YTD lead (+60.71%) continues a healthcare/biotech theme we’ve seen build over recent weeks. On the downside, HubSpot’s weekly drop (-13.76%) leads a software-heavy laggard list alongside DraftKings and Toast.
What it could mean: CoStar Group’s continued presence at the top of the YoY laggard board, now spanning multiple weeks of our data, keeps pointing to real estate data services as one of this cycle’s more durable weak spots. The software names showing up together as weekly laggards (HubSpot, DraftKings, Toast) is worth watching for whether it’s a sector rotation or just a rough week for a few names.
02 · COMPANIES
Movers Below $10B Market Cap
▲ LEADERS
1 WEEK
- MMTEC Inc — +45.67%
- LuxExperience B.V. — +37.89%
- Securitize Corp. — +32.28%
YEAR TO DATE
- Rackspace Technology Inc — +295.87%
- Avita Medical Ltd — +214.32%
- Day One Biopharmaceuticals Inc — +144.84%
YEAR ON YEAR
- FormFactor Inc — +226.66%
- National Energy Services Reunited Corp Ordinary Shares — +217.95%
- Forum Energy Technologies Inc — +191.13%
Capnote tip: common growth factors among top YTD names include revenue growth from last year, net margin expansion from last year, and positive profit margin.
▼ LAGGARDS
1 WEEK
- Merlin, Inc. — -34.56%
- Alignment Healthcare LLC — -33.78%
- Xenon Pharmaceuticals Inc — -32.23%
YEAR TO DATE
- Suja Life, Inc. Class A Common Stock — -97.69%
- Sionna Therapeutics, Inc. Common Stock — -85.06%
- Verra Mobility Corp — -75.92%
YEAR ON YEAR
- Suja Life, Inc. Class A Common Stock — -97.69%
- Verra Mobility Corp — -86.77%
- SL Science Holding Limited Ordinary Shares — -83.69%
Capnote tip: common risk factors among these YTD laggards include adverse capital markets access, change in customer demand or preferences, and macroeconomic decline or recession.
THE READ
Possible drivers: Rackspace Technology remains the runaway YTD leader in this bracket (+295.87%), continuing its multi-week run at the top. Securitize Corp.’s appearance among weekly leaders (+32.28%) is notable given crypto and digital-asset strength elsewhere in this week’s data. Verra Mobility remains a repeat laggard across both YTD and YoY windows for yet another week.
What it could mean: Verra Mobility’s now-persistent presence on the laggard board across multiple weeks looks less like a one-off and more like a sustained decline. Securitize’s strong week, alongside Bitcoin’s rally in the indicators below, hints that digital-asset-adjacent names may be catching a broader tailwind this week.
03 · INDUSTRIES
Industry Performance
Weighted-average market cap of listed companies using Capnote’s proprietary groupings.
▲ HIGHEST PERFORMING
1 WEEK
- Digital & Cryptocurrency — +11.12%
- Scientific Services & Tools — +5.59%
- Electrical Products — +5.52%
YEAR TO DATE
- Refining & Smelting — +63.44%
- Computer Hardware — +59.58%
- Data Management — +59.37%
YEAR ON YEAR
- Refining & Smelting — +111.99%
- Glass — +78.03%
- Data Management — +73.25%
Capnote tip: common growth factors among top YTD industries include macroeconomic stability & growth, product or service characteristics & qualities, and capital markets access.
▼ LOWEST PERFORMING
1 WEEK
- Media — -7.27%
- Government Contractor — -5.75%
- Exercise & Fitness — -5.12%
YEAR TO DATE
- Children — -28.91%
- Exercise & Fitness — -25.54%
- Shipyards — -25.21%
YEAR ON YEAR
- Recycling — -57.23%
- Children — -49.00%
- Digital & Cryptocurrency — -47.50%
Capnote tip: common risk factors among these YTD laggard industries include macroeconomic decline or recession, competition intensity & availability of substitutes, and adverse capital markets access.
THE READ
Possible drivers: Digital & Cryptocurrency tops the weekly industry board (+11.12%), a sharp reversal for an industry that still sits among the worst YoY performers (-47.50%). Refining & Smelting holds its YTD and YoY leadership for a third straight week, keeping the energy-linked theme intact even as crude itself cooled off this week. Children remains a laggard across both YTD and YoY windows once again.
What it could mean: Digital & Cryptocurrency’s strong single week against a deeply negative YoY backdrop is exactly the kind of divergence worth watching closely — it could mark the start of a recovery, or simply a bounce inside a longer downtrend. Refining & Smelting’s continued dominance across YTD and YoY, even as crude eased slightly this week, suggests the industry’s strength is now broader than the commodity price alone.
04 · INDICATORS
Where the Big Levels Sit
Positions vs. a 5-year moving average. Level reflects standard deviations from the mean.
| Indicator | 1W % | Last | Level |
|---|---|---|---|
| US 10Y Treasury | +0.46 | 5.00 | High |
| S&P 500 | -0.08 | 7,650.50 | Very High |
| Hang Seng | -0.22 | 24,879.24 | High |
| Crude Oil (Brent) | -0.71 | 103.87 | High |
| US Dollar Index (DXY) | +1.11 | 100.22 | Average |
| Gold | +0.36 | 4,424.90 | Very High |
| Bitcoin | +4.83 | 81,369.33 | High |
THE READ
Possible drivers: After two straight weeks of sharp moves, most major indicators held roughly steady this week — the S&P 500 (-0.08%), Hang Seng (-0.22%), and Crude Oil Brent (-0.71%) all posted only modest changes. Bitcoin was the standout, jumping 4.83%, while the US Dollar Index firmed slightly (+1.11%) after recent weakness.
What it could mean: A quieter week across equities and bonds, following back-to-back weeks of yield spikes and oil rallies, could suggest markets are digesting recent moves rather than starting a new trend. Bitcoin’s standalone strength, alongside Digital & Cryptocurrency’s industry-level rebound above, is the clearest signal in this week’s data and worth tracking for follow-through next week.
05 · WEEKLY MOVERS
Biggest Indicator Swings
▲ GAINS SINCE LAST WEEK
- Oat · Average — +14.19%
- Turkey 10Y · High — +10.67%
- Gasoline · High — +6.66%
- BTC/USD · High — +4.83%
- ETH/USD · Average — +3.84%
▼ LOSSES SINCE LAST WEEK
- Cocoa · Average — -10.64%
- Coffee · High — -6.09%
- Lean Hogs · Low — -5.71%
- Cotton · Average — -5.71%
- Malaysia 10Y · Average — -5.14%
THE READ
Possible drivers: Both Bitcoin (+4.83%) and Ethereum (+3.84%) show up among this week’s biggest gainers, reinforcing the crypto strength seen elsewhere in this week’s data. Coffee logged its fourth consecutive weekly decline (-6.09%, following prior drops of -12.86%, -15.31%, and -12.34%), one of the longest-running trends we’ve tracked this quarter.
What it could mean: Crypto’s appearance across three separate parts of this week’s data — the industry table, the indicator table, and the weekly movers list — makes it the clearest single theme of the week. Coffee’s fourth straight weekly loss is now a well-established slide rather than a blip, worth flagging for anyone tracking the agricultural complex.
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Market Trend Monday is provided for information only and reflects what the data shows. It is not investment advice, nor a recommendation to buy or sell any security. Figures are drawn from Capnote’s data and methodology and may differ from other sources. Always do your own research.