🔊Weekly Market Highlights #49: May 29 - June 4

✨The cryptocurrency market has passed through May 2023 without much noticeable volatility; as a result, trading activity and volume on major exchanges have dropped to lows not seen since 2020.

✨Over the past week, the crypto market decreased ~$28B (from ~$1,162B to ~$1,134B) of its total capitalization.

✨BTC Flat at $27K
✅Less than a week ago, on Monday, the primary cryptocurrency initiated a massive leg-up that tapped a three-week high at $28,5K. This came after the initial deal reached by the US government in regard to the nation’s debt ceiling.

✅However, the asset failed to continue upwards and returned to $28K by Tuesday. A significant $1K price drop started on Wednesday, and ultimately, BTC dropped to a weekly low on Friday morning at under $26,6K.

✅The bulls intercepted the move and helped Bitcoin recover losses when the weekend arrived. The past two days have been relatively uneventful, as the cryptocurrency remains stuck at just under $27K amid the typically low weekend trading volumes.

✅BTC’s total capitalization is $520B, and its Dominance over altcoins is 45.9%.

✨LDO, INJ, QNT Record Weekly Gains
✅BSCS is trading at $0,008714, +1,30% from its 7-day all-time low of $0,008602.

✅The larger-cap altcoins have mimicked BTC’s performance during the weekend, meaning there are little-to-no volatile movements. Despite a minor daily setback, ETH still stands at ~$1,9K after going below and over that level during the week.

✅XRP, DOGE, MATIC, LTC, SHIB, and AVAX have all added less than 1% in the past 24 hours. ADA, SOL, and DOT are up by 1-2%.

✅LDO, INJ, and QNT have soared over 15% within seven days.

✨Bitcoin Fear and Greed Index is 53 - Neutral, higher than at the beginning of the week (52)

✨ Dominance:
✅BTC: 45.9%
✅ETH: 19.8%

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

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The “SEC and Binance” is gaining much attention from the blockchain community. How will the market sentiment behave due to this intensive period? Share your opinions in the comment section.
anonymous poll

Bullish – 63
👍👍👍👍👍👍👍 58%

Bearish – 30
👍👍👍 28%

Rather Bullish – 9
👍 8%

Rather Bearish – 6
👍 6%

👥 108 people voted so far.

🔊Weekly Market Highlights #50: June 5 - June 11

✨The cryptocurrency market received two heavy blows when the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance and Coinbase, alleging illegal trading of cryptocurrencies that were declared securities, along with many other mistakes.

✨However, last week also recorded many positive updates from the development of Ethereum, Optimims, DeFi - Web3 projects funded, and the MiCA law was officially passed in the EU.

✨Over the past week, the crypto market decreased ~$87B (from ~$1,134B to ~$1,047B) of its total capitalization.

✨BTC Reacted Better
✅BTC experienced enhanced volatility almost a week ago when it dumped from $27K to under $25,4K once the SEC announced its two back-to-back lawsuits against Binance and Coinbase. Interestingly, it reacted well and skyrocketed by $2K after the second one.

✅After that, Bitcoin experienced some volatility, briefly reaching $26,5K before dropping due to a market decline. It fluctuated between $26,2K and under $25,5K and now struggling below $26K

✨Alts’ Rollercoaster
✅BSCS is trading at $0,007886, +3,43% from its 7-day all-time low of $0,007624.

✅The recent allegations made by the US Securities and Exchange Commission that many cryptocurrencies could be unregistered securities have started to take their toll on the market.

✅Many of the mentioned by the SEC in its lawsuits against Binance and Coinbase plummeted by double digits yesterday. These include ADA, SOL, SHIB, AVAX, FIL, and many others.

✅However, the landscape for some of them is quite different. ADA has jumped 9% to over $0.27. SHIB is up by a similar percentage, SOL has added 7%, which was also mimicked by FIL, CRO, GRT, and others.

✨Bitcoin Fear and Greed Index is 47 - Neutral, lower than at the beginning of the week (53)

✨ Dominance:
✅BTC: 47.8%
✅ETH: 19.9%

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

⭐️ BSCStation Official Media Channels:
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