🔊Weekly Market Highlights #77: December 18 - December 24

✨The third week of December 2023 continues to witness the incredible growth of SOL and OP, along with the meme-coin wave spreading across major blockchains.

✨Ethereum's Dencun upgrade is expected to take place at the end of February 2024, promising a boom for Layer 2

✨Over the past week, the crypto market increased by ~$108B (from ~$1,555B to ~$1,663B) of its total capitalization.

✨Bitcoin Can’t Overcome $44K
✅After a bearish start, BTC dipped to $40.5K for the first time in nearly a week. After that, the cryptocurrency recovered on Tuesday, gaining over three grand in two days and surging beyond $44K by midweek.

✅Despite attempts, the bulls struggled to sustain the momentum above $44K, leading to sideways trading. BTC has predominantly fluctuated between $43K and $44K for the past four days.

✅Earlier today, an effort to breach the $44K level was thwarted, leaving BTC about $700 below it.

✅The recent strong performance of some larger-cap altcoins has impacted BTC's dominance, sliding to 51% on CMC. Nevertheless, BTC's market cap remains above $850B.

✨SOL Becomes 4th
✅It’s safe to say that Solana’s native token has been at the forefront of the recent price rally among the altcoins, and the past week alone brought a 55% surge for SOL. On a daily scale, the asset is up by over 16%. As a result, it skyrocketed to over $110 for the first time in almost two years.

✅The weekly scale also shows massive price surges from the most prominent altcoins. NEAR, OP and INJ lead with increases of around 70%.

✅BNB, AVAX, DOT, LINK, UNI, INJ, and LDO also had good growth on a weekly scale, from ~10% - 30%

✅BSCS is trading at $0,0159: +15,74% from its 7-day all-time low of $0,01374.

✨Bitcoin Fear and Greed Index is 73 - Greed, higher than at the beginning of the week (65)

✨Dominance:
✅BTC: 50.8%
✅ETH: 16.5%

📣See you next week 😎

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🔊Weekly Market Highlights #78: December 25 - December 31

✨The last week of 2023 ended with outstanding news, such as BlackRock, VanEck submitted updated filings for Spot Bitcoin ETF, MicroStrategy bought an additional $615M BTC, USDT set a capitalization record, PancakeSwap accepted a 40% reduction in total CAKE supply, or Mt. Gox has begun repaying debt in cash.

✨Over the past week, the crypto market decreased by ~$8B (from ~$1,663B to ~$1,655B) of its total capitalization.

✨BTC to Challenge $43K?
✅Over the past weekend, BTC attempted to breach the $44K mark twice but faced resistance, leading to a decline to $41.6K by Tuesday. However, the bulls staged a recovery, propelling BTC to nearly $44K. Towards the end of the week and on Saturday, subsequent rejections caused a dip to a 12-day low of $41.4K.

✅Since then, BTC has rebounded at $42.4K, marking a $1K increase. With a market capitalization of $832B, its dominance over alternative coins has also risen above 50% on CMC.

✨BSV Steals the Show
✅According to the weekly scale, many large Altcoins have good increases of over two digits, such as BNB (18%), MATIC (12%), BCH (15%), and ARB (12%). TON, UNI, and LDO had a slight increase of ~5%.

✅Red also took over AVAX with an 18% decline on a weekly scale, followed by DOT (11%), SOL (9%), NEAR (7%), and ATOM (6%).

✅In the top 50 Altcoins, BSV is the name that captured the attention this week with a price increase from $47 to $113 (~142%)

✅BSCS is trading at $0,01482: +4,9% from its 7-day all-time low of $0,01413.

✨Bitcoin Fear and Greed Index is 65 - Greed, lower than at the beginning of the week (73)

✨Dominance:
✅BTC: 50.3%
✅ETH: 16.5%

📣See you next week and Happy New Year!!!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion