Weekly Market Highlights #31: January 23 - January 29

✨The market has just had a week with few highlights. The previous momentum of Bitcoin (BTC) has shifted to altcoins, with the prominent trend of new layer-1 blockchain projects emerging in the second half of 2022.

✨Over the past week, the crypto market increased ~$30B (from ~$1045B to ~$1075B) of its total capitalization

✨Bitcoin Firm Above $23K
✅The start of last weekend saw Bitcoin's price surge from $21K to and beyond $23K. Somewhat expectedly, reaching the latter meant tapping a multi-month high since BTC was stuck around $17K for months.
✅The cryptocurrency spent most of the week between $22K and $23K, aside from a couple of short price pumps. The most notable one took the asset to $23,8K, which became the new highest price point since September 2022.
✅However, the bears intercepted each attempt quickly and didn't allow new local peaks. Then came the US GDP data and the PCE numbers, but they didn't bring any substantial volatility.
✅BTC entered the weekend at just under $23k. Early this morning, the price of BTC spiked to $23.8k, and although it has dropped slightly since then, it is still trading north of $23,5K for now, and its Dominance over altcoins is above 42.5%.

✨LTC Takes The Spotlight This Week
✅BSCS is currently trading at $0,01268: +20,91% from its 7-day all-time low of $0,010
✅LTC is the most impressive performer from the larger-cap altcoins today. It is up by over 7% and trades close to $100, its highest price point since May 6, 2022.
✅ETH, BNB, XRP, ADA, SOL, and DOT were calmer last week, with as much as 3% gains.
✅Overall market cap has increased slightly from last week, stable at $1075B.

✨Bitcoin Fear and Greed Index is 61 - Greed, higher than at the beginning of the week (53)

✨ Dominance:
✅BTC: 42.5%
✅ETH: 18.6%

👉More details HERE

📣Stay tuned! The market's highlights will be updated by BSCStation 😎

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