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Premium Newsletter Week 47 2024
Keeping you updated on crypto, web3 and blockchain
TL;DR
Markets:
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
Airdrops:
$YNATION
$KAISAR
$MARBLE
$BYBIT
News:
BlackRock Bitcoin ETF Options Go Live on Nasdaq
Poland’s Presidential Candidate Proposes BTC Reserve Strategy
Grayscale Completes BTC and Ether ETF Reverse Splits
Monad Testnet Goes Live Amid L1 Competition
Injective Launches iAgent SDK
KYVE Expansion Unveiled
Gary Gensler Steps Down as SEC Chair
Trump Considers Guillén for SEC Chair
And much more!
BTC & ETH Market Update 📈
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.
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