Market Update Week 31 2024

The premium weekly crypto market update to grow your portfolio

TL;DR

  • BTC is Up & ETH is Up

  • BTC under-performed ETH this week 

  • Bitcoin dominance is up

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

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 down this week, with BTC being up 0.1% and ETH up 1.3%:

Bitcoin dominance has increased over the week, rising from 53.1% to a peak of 53.56% and ending at 53.2%. 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.

Subscribe to Premium to read the rest.

Become a paying subscriber of Blockletter to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • β€’ No Ads
  • β€’ Weekly News Update
  • β€’ Weekly Market Update
  • β€’ Weekly Airdrop Update