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- Premium Newsletter Week 49 2024
Premium Newsletter Week 49 2024
Keeping you updated on crypto, web3 and blockchain
TL;DR
Markets:
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 $HYPE
Airdrops:
$LEND
$MITO
$TOMOCAT
$BNB
News:
Bitcoin Hits $100K Amid Trump’s Praise
France Proposes Tax on Unrealized Crypto Gains
Ethereum Surpasses $4,000 Milestone
Layer N Shifts Focus to New Blockchain, N1
XION Mainnet Launch: A Walletless Web3 Revolution
Osmosis Launches Bitcoin Bridge
Trump Appoints Paul Atkins as SEC Chairman
South Korea's Martial Law Spurs Crypto Volatility
And much more!
BTC & ETH Market Update 📈
Crypto is up this week, with BTC being down 2.9% and ETH up 7.7%:
Bitcoin dominance has decreased over the week, starting from 54.0% to a low of 51.04% and ending at 51.5%. 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.