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- Premium Newsletter Week 46 2024
Premium Newsletter Week 46 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 $DOGE
Airdrops:
$EVOS
$MONKY
#ALPHAOS
$BLESS
News:
Bitcoin Overtakes Silver
Pennsylvania Bill for Bitcoin Reserve
Franklin Templeton Launches Benji on Ethereum
Bitwise Acquires Attestant for Ethereum Staking
Coinbase Launches COIN50 Crypto Index
MoonPay Simplifies Onboarding to Injective
Trump Appoints Elon Musk to Launch DOGE Agency
FBI Raids Polymarket CEO’s NYC Apartment
And much more!
BTC & ETH Market Update 📈
Crypto is up this week, with BTC being up 16.6% and ETH up 6.5%:
Bitcoin dominance has increased over the week, starting from 56.2% to a high of 57.85% and ending at 57.4%. 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.