Weekly Market Highlights #38: March 13 - March 19

Bitcoin's Dominance is well above 46% for the first time since June 2022.

✨After a tumultuous past week due to the collapse of 3 major banks linked to crypto companies and causing USDC depeg, the crypto market is back strong.

✨Over the past week, the crypto market increased ~$150B (from ~$1028B to ~$1178B) of its total capitalization

✨Bitcoin Dominance Spikes to New Peaks
✅The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations and US Fed lending $300B to certain banking institutions, pushed BTC north this week.

✅Bitcoin stood just inches above $20K last Sunday but started marching on as the working week began. After several consecutive massive rallies, Bitcoin traded above $26K on Tuesday for the first time in months, and after that, reaching a new 9-month high of $28K

✅Currently, BTC still trades north of $28K. Its market cap is above $547B, while its Dominance over the altcoins has reached its highest levels since June 2022 at over 46% on CMC.

✨Altcoins Turn Red
The alternative coins also experienced notable gains in the past few days, but most have retraced today.

✅BSCS is trading at $0,01786: +3,9% from its 7-day all-time low of $0,01718.

✅ETH went to a multi-month high above $1,8K, but a 2% daily drop has pushed it below that level.

✅BNB, ADA, SOL, TRX, SHIB, and DOT have declined by similar percentages. DOGE, MATIC, and LTC are down by even more in a day.

✅Nevertheless, the most significant losses come from ATOM, LDO, STX, FIL, and APT. These assets have plummeted by between 5% and 8%.

✨Bitcoin Fear and Greed Index is 66 - Greed, higher than at the beginning of the week (49)

✨ Dominance:
✅BTC: 46.2%
✅ETH: 18.6%

👉Read more the highlights from the market last week HERE

📣Stay tuned! The market's highlights will be updated by BSCStation 😎

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Weekly Market Highlights #39: March 20 - March 26

✨The trading volumes have decreased during the weekend, resulting in BTC failing to produce any significant moves in either direction.

✨Over the past week, the crypto market decreased ~$15B (from ~$1,178B to ~$1,163B) of its total capitalization

✨Bitcoin Boring at $27.5K
✅A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break.

✅Bitcoin exploded from under $20K to over $28K during the US banking crisis, which expanded to Europe, with UBS having to acquire Credit Suisse and Deutsche Bank’s stocks plummeting. The Fed’s latest interest rate hike on Wednesday brought more volatility to BTC, which dumped by $2K in hours.

✅However, the bulls returned to play almost immediately, and Bitcoin briefly spiked to over $29K on Friday. After charting yet another 9-month high above that level, the cryptocurrency retraced to under $28K, where it has remained for the past few days.

✨Altcoins have also stalled on a daily scale
✅BSCS is trading at $0,01551: +1,35% from its 7-day all-time low of $0,0153.

✅With the declining trading volumes across all charts, it’s somewhat expected that the altcoins have remained relatively stable on a daily scale. ETH trades close to $1,8K following a minor 1.3% increase. Similar gains are evident from BNB, DOGE, MATIC, SOL, LTC, TRX, and AVAX.

✅XRP is the only top 10 altcoins with a more notable price increase, up by almost 4% in a day and more than 21% within the past week.

✅ARB has recovered some of yesterday’s losses, having jumped by 6.5% to almost $1.3. LDO, XMR, and XLM are the other top performers from the mid-cap altcoins, as all are up by around 3%.

✨Bitcoin Fear and Greed Index is 64 - Greed, lower than at the beginning of the week (66)

✨ Dominance:
✅BTC: 46.4%
✅ETH: 18.6%

📣Stay tuned! The market's highlights will be updated by BSCStation 😎

⭐️BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube