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- Premium Newsletter Week 44 2024
Premium Newsletter Week 44 2024
Keeping you updated on crypto, web3 and blockchain
TL;DR
Markets:
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 $BTC
Airdrops:
$CLONE
$PAWS
$HANA
$ARCH
News:
Microsoft Considers Bitcoin Investment
Mollah Claims to Be Satoshi Nakamoto
UBS Embraces Ethereum with Tokenized Fund Launch
Vitalik Leads KOL Mindshare Amidst Ethereum Defense
Secret Network Integrates with Colossus Italy
Injective Reveals iAgent: AI-Powered SDK
Consensys Reduces Workforce by 20% Amid Legal Challenges
Coinbase Enhances Trading with Real-Time Funding
And much more!
BTC & ETH Market Update 📈
Crypto is up this week, with BTC being up 3.0% and ETH up 0.9%:
Bitcoin dominance has increased over the week, starting from 55.57% to a high of 56.78% and ending at 56.5%. 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.