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 😎

It's always interesting to hear different perspectives and opinions on where the market is heading, especially with the ever-changing nature of the industry. So, how do you feel about the current state of the crypto market?
anonymous poll

🐂 Bullish – 35
👍👍👍👍👍👍👍 55%

🐻 Bearish – 16
👍👍👍 25%

📈 Rather Bullish – 7
👍 11%

📉 Rather Bearish – 6
👍 9%

👥 64 people voted so far.

🔊Weekly Market Highlights #46: May 8 - May 14

✨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows.

✨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization.

✨BTC Struggles With $27K
✅The past several days didn't go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,5K to $28,4K in minutes after the US CPI numbers came out for April.

✅Even so, BTC plummeted to $25.8K – a two-month low, despite efforts by bulls to stop it.

✅Nevertheless, it managed to bounce off and even challenge $27K in the past 24 hours. Currently, the asset trades higher inches from that level, and its market cap has increased to $526B. Its Dominance over the alts is also flat on a daily scale at 46.4%.

✨PEPE Back on the Offensive
✅BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063.

✅Although on a weekly scale, PEPE is still down more than 30%, but with the price increase of 20% in the past day, there may be a return of PEPE and meme-coins.

✅In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others.

✅Total market capitalization is $1,136B, down slightly from last week.

✨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60)

✨ Dominance:
✅BTC: 46.4%
✅ETH: 19.7%

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

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