TL;DR

Markets:

• BTC is up & ETH is up

• BTC under-performed ETH this week 

• Bitcoin dominance is down

• DOGE is up & SHIB is up

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

Airdrops:

• $MINT

• $SOLDEX

• $OPL

• $NOS

News:

• Switzerland Explores Bitcoin as National Reserve

• IRS Delays New Crypto Tax Rules

• Vitalik Criticizes Musk's Approach to Free Speech

• Ethereum Holders Rise as Bitcoin Holders Decline

• Osmosis Pay Launches Visa-Compatible Card

• Binance Stops Support for DYDX ERC20

• Do Kwon Pleads Not Guilty to Fraud Charges

• China Hacks U.S. Treasury Department

Memecoins:

• DOGE is up

• SHIB is up

• Memecoins Redefining Digital Value: DWF Labs Report

• Shiba Inu Burn Rate Drops 90% Amid Whale Activity

• Kekius Maximus falls as Elon Musk swaps X avi

• Solana Surges Above $200 Amid $55M Transfer and ETF Anticipation

• PENGU’s Rally: Whale Activity, Market Sentiment & Key Resistance Levels

And much more!

BTC, ETH, DOGE & SHIB Market Update 📈

Crypto is up this week, with BTC up by 3.9% and ETH up by 8.0%:

Bitcoin dominance has decreased over the week, starting from 54.45% to a high of 54.48% and ending at 53.14%. 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.