Weekly Market Highlights #44: April 24 - April 30

✨The last week of April 2023 saw Bitcoin rise, fall, and then rise again, according to false rumors, causing much damage to investors.

✨Over the past week, the crypto market increased ~$10B (from ~$1,161B to ~$1,176B) of its total capitalization

✨BTC Maintains $29K During Weekend
✅This past working week started rather calmly, as Bitcoin continued trading sideways in a tight range of around $27,5K. The landscape changed on Tuesday when the bulls initiated a massive leg-up that drove the cryptocurrency to $30K.

✅However, that was short-lived as false panic surrounding the US government and Mt. Gox wallets brought the asset south hard. BTC erased all gains in minutes and slumped back down to $27K.

✅As the news turned out to be fake, Bitcoin returned to the offensive and reclaimed almost all losses this time. As such, it came inches away from tapping $30K yesterday but ultimately failed. Despite retracing by several hundred dollars since then, bitcoin still trades above $28,5K.

✅Its market capitalization is close to $551B, while its Dominance over alternative coins has gained some ground again, almost 47%.

✨Altcoins Sit Calmly
✅BSCS is trading at $0,01373, +3,43% from its 7-day all-time low of $0,01328.

✅The trading volumes during the past few weekends have been lacking; this one is no exception. As such, most alternative coins have failed to produce notable price movements in either direction.

✅ETH remains at $1,85K after going above $2,000 and under $1,800 earlier this week. XRP, ADA, MATIC, SHIB, and AVAX are slightly in the red.

✅In contrast, DOGE, SOL, DOT, LTC, and TRX have all marked insignificant daily gains.

✨Bitcoin Fear and Greed Index is 63 - Greed, higher than at the beginning of the week (53)

✨ Dominance:
✅BTC: 46.8%
✅ETH: 18.9%

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

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Weekly Market Highlights #45: May 1 - May 7

✨Meme coins, led by PEPE, dominated the crypto market in the first week of May 2023. The coin meme craze has pushed Ethereum transaction fees to a 2-year high, causing the amount of ETH burned to skyrocket.

✨With the results predicted in advance, the news of interest rate adjustment from the US did not have much impact on the market.

✨Over the past week, the crypto market decreased ~$15B (from ~$1,176B to ~$1,161B) of its total capitalization.

✨BTC Struggles With $29K
✅After the unfavorable start of the week, which saw BTC slumping to under $27,8K, the asset began its recovery almost immediately and spiked to $29K by Thursday.

✅The cryptocurrency went on a roll on Saturday morning, which drove it to $29,9K. The bears stepped up and pushed BTC south as the bulls prepared to take up the coveted $30K line.

✅As a result, BTC dropped by over $1,5K in hours, fell to a daily low of $28,3K, and currently stands at around $28,5K.

✅Its market capitalization has slid to $546B, but its Dominance over the altcoins has increased slightly to 47.1% on CoinMarketCap.

✨It's PEPE's Show
✅BSCS is trading at $0,01232, 0,54% from its 7-day all-time low of $0,01225.

✅The past few weeks belong to the new craze in the crypto and meme coin space, led by PEPE. Last week, PEPE became the 45th largest cryptocurrency by market capitalization. The latest massive pump came after it was listed on Binance alongside FLOKI.

✅Most larger-cap altcoins are in a less favorable position, though. ETH is down by over 2.5% in the past 24 hours and is close to breaking below $1,9K. BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, TRX, and LTC are also red.

✅SHIB has declined the most from the larger-cap alts, being down by 9.8%

✨Bitcoin Fear and Greed Index is 60 - Greed, lower than at the beginning of the week (63)

✨ Dominance:
✅BTC: 47.1%
✅ETH: 19.3%

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