🔊Weekly Market Highlights #52: June 19 - June 25

✨Due to news from major Wall Street financial institutions, Bitcoin set a new 2023 high this week while also pushing the BTC Dominance rate above 50% for the first time in 2 years – indicating this rally was caused by Bitcoin dominating completely and leaving altcoins behind.

✨Over the past week, the crypto market increased by ~$114B (from ~$1,064B to ~$1,178B) of its total capitalization.

✨Bitcoin Price Taps $31K
✅The market-wide positive sentiment has seen Bitcoin price surpass $30K for the first time since April 26.

✅The cryptocurrency reached $31.4K, but the bulls could not sustain the momentum, and the price corrected to where it is currently trading above $30K.

✅With that impressive gain, BTC is up ~20% over the past seven days, making it one of the best-performing coins. BTC's Dominance is over 51%, showing that the leading cryptocurrency outperforms the altcoins market.

✨Altcoins Want To Chase But Still Hesitate
✅Altcoins have started a bull run to catch up with BTC, but with BTC Dominance at a 2-year high, that makes it a lot more cautious.

✅BSCS is trading at $0,009198, +9,80% from its 7-day all-time low of $0,008377.

✅ETH is up ~15% in the week, reached above $1.9K, and is now trading slightly below it

✅BCH is the weekly's best performance, with a gain of 80%, followed by LTC, DOT, AVAX, LINK, and UNI, with an increase of 13% - 20%

✅Market cap is back to ~$1,200B since April. Investors expect BTC.D to drop and altcoins to continue to reap the benefits.

✨Bitcoin Fear and Greed Index is 55 - Greed, higher than at the beginning of the week (48)

✨ Dominance:
✅BTC: 50%
✅ETH: 19.2%

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

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