TL;DR

Markets:

• BTC is down & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is up

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

Airdrops:

• $MCG

• $PRO

• $BOOST

• $WBT

News:

• Microsoft's BTC Investment Proposal Set for Shareholder Vote

• Denmark Introduces 42% Unrealized Gains Tax on Bitcoin

• Vitalik’s Decentralization Proposal for Ethereum

• Chainlink Launches privacy-focused blockchain solutions

• CoinGecko and MANTRA Launches Grant for dApps

• Rujira App Layer Launches on THORChain

• Charges Dropped Against Binance Executive in Nigeria

• U.S. Government Crypto Wallet Hacked for $20M

And much more!

BTC & ETH Market Update 📈

Crypto is down this week, with BTC being down 2.5% and ETH down 6.4%:

Bitcoin dominance has increased over the week, starting from 55.3% to a low of 54.67% and ending at 55.72%. 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.

Bitcoin is poised for a potential surge to $100,000 within the next 12 months, driven by several key factors.

Institutional demand for spot Bitcoin ETFs has soared, with net inflows totaling $2.11 billion since October 11 and total assets under management exceeding $60 billion, reflecting strong market interest.