🔊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!!!

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🔊Weekly Market Highlights #79: January 1 - January 7

✨Much of the news in the first week of the new year 2024 has been about the Bitcoin Spot ETF, with many signaling that these proposals are very close to being approved by the SEC.

✨Over the past week, the crypto market decreased by ~$10B (from ~$1,655B to ~$1,645B) of its total capitalization.

✨BTC Stalls at $44K
✅The first week of 2024 brought significant volatility to the crypto space. A substantial surge drove BTC to a 21-month peak of nearly $46K on Tuesday, possibly linked to expectations of an ETF approval. However, subsequent reports denying the imminent arrival of such a product led to a sharp reversal. Bitcoin plummeted by over four thousand dollars, reaching $41,5K.

✅As clarifications debunked these speculations, BTC resumed its upward momentum with several attempts to surpass $44K. Yet, there hasn't been a definitive breakthrough, and BTC currently hovers around that level, occasionally dipping below in the past 48 hours.

✅Despite the fluctuations, BTC's market capitalization maintains a strong position above $860B.

✨This Week’s Movements
✅Most altcoins experienced significant price movements during the business week, but the 7-day charts show substantial declines. Solana is among the biggest losers, having been dumped by 10%. As a result, SOL currently sits way below $100.

✅More losses on a weekly scale come from ADA (-14%), AVAX (-14%), MATIC (-14%), DOT (-16%), LINK (-11.5%), and DOGE (-12%).

✅ETH, BNB, and TRX are also in the red, but in a less painful way. BONK, HNT, MINA, and EGLD lead the way regarding weekly losses from the mid-cap alts.

✅In contrast, GMT, AKT, and TIA lead the way with impressive gains.

✅BSCS is trading at $0,01391: +10,3% from its 7-day all-time low of $0,01261.

✨Bitcoin Fear and Greed Index is 71 - Greed, higher than at the beginning of the week (65)

✨Dominance:
✅BTC: 52.3%
✅ETH: 16.5%

📣See you next week 😎

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