TL;DR

• BTC is down & ETH is down

• BTC overperformed ETH this week 

• Bitcoin dominance is up

• DOGE is down & SHIB is down

• The hot coin we look at this week is $CRV

Latest & Greatest 📰

Before we dive into this weeks market update, make sure to check the latest and greatest news across crypto:

BTC, ETH, DOGE & SHIB Market Update 📈

Crypto is down this week, with BTC down 0.9% and ETH down by 14.3%:

Bitcoin dominance has increased over the week, starting from 59.79% to a high of 60.74% and ending at 60.7%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.

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