Market Update Week 39 2024

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TL;DR

  • BTC is up & ETH is up

  • BTC under-performed ETH this week 

  • Bitcoin dominance is down

  • 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 4.4% and ETH up 5.3%:

Bitcoin dominance has decreased over the week, rising from 54.6% to a peak of 54.62% and ending at 53.84%. Bitcoin is down due to strong bullish momentum, altcoin performances, successful breakouts above key levels, negative 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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