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- Market Update Week 28 2024
Market Update Week 28 2024
The premium weekly crypto market update to grow your portfolio
TL;DR
BTC is down & ETH is down
BTC over-performed ETH this week
Bitcoin dominance is down
The hot coin we look at this week is $TIA
Latest & Greatest π°
Before we dive into both current and new airdrops, make sure to check the latest and greatest news across crypto:
BTC & ETH Market Update π
Crypto is down this week, with BTC being down 1.6% and ETH down 1.7%:
Bitcoin dominance has decreased over the week, rising from 51.5% to a peak of 52.25% and ending at 51.2%. Bitcoin keeps losing its dominance, so it's mostly Bitcoin driving the Crypto market lower while some of the ALTcoins are holding up well.
Itβs 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.