TL;DR

Markets:

• 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 $AKT

Airdrops:

• $SCR

• $PEAR

• $0XVD

• $KAYEN

News:

• Nasdaq Seeks SEC Approval for Bitcoin Index Options

• BlackRock Leads Bitcoin ETF Inflows

• Ethereum Foundation Faces Scrutiny

• Celsius Distributes $2.5 Billion To Creditors

• Akash Integrates with NVIDIA

• Kujira Clears ATOM Debt

• Russia to Trial Crypto for International Trade

• Musk, Tesla Win Dogecoin Lawsuit Dismissal

And much more!

BTC & ETH Market Update 📈

Crypto is down this week, with BTC being down 2.3% and ETH down 5.6%:

Bitcoin dominance has increased over the week, rising from 53.6% to a peak of 54.4% and ending at 54.1%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

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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