Market Update Week 32 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 up

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

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 down 5.0% and ETH down 14.9%:

Bitcoin dominance has increased over the week, rising from 53.06% to a peak of 54.66% and ending at 54.3%. Bitcoin dominance 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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