Market Update Week 29 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 up

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

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 16.1% and ETH up 12.5%:

Bitcoin dominance has increased over the week, rising from 51.1% to a peak of 52.03% and ending at 52.03%. Bitcoin is up due to strong bullish momentum, significant short position liquidations, successful breakouts above key levels, positive market sentiment, and ongoing institutional interest.

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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