Market Update Week 47 2024

The premium weekly crypto market update to grow your portfolio

TL;DR

  • BTC is up & ETH is up

  • BTC over-performed ETH this week 

  • Bitcoin dominance is down

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

Latest & Greatest πŸ“°

Before we dive into both current and new airdrops, make sure to check the latest and greatest news across crypto:

BTC & ETH Market Update πŸ“ˆ

Crypto is up this week, with BTC being up 9.5% and ETH up 8.2%:

Bitcoin dominance has decreased over the week, starting from 57.7% to a high of 58.34% and ending at 57.3%. 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.

Subscribe to Premium to read the rest.

Become a paying subscriber of Get Crypto Newsletter to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • β€’ No Ads
  • β€’ Weekly News Update
  • β€’ Weekly Market Update
  • β€’ Weekly Airdrop Update