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.

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