🔊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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🔊Weekly Market Highlights #53: June 26 - July 2

✨The crypto market ended June 2023 with unpredictable fluctuations, from the SEC's legal action to suppress crypto, MicroStrategy continuing to buy Bitcoin, to a series of Bitcoin ETF proposals by large institutions from Wall Street to revive BTC.

✨Over the past week, the crypto market increased by ~$31B (from ~$1,178B to ~$1,209B) of its total capitalization.

✨BTC Above $30K
✅BTC went on a tear last week when it jumped from $26,5K to over $31K to register a new multi-month high. The bears tried to intervene but only managed to halt BTC's price surge, and the asset remained stuck in a range between $30K and $31K

✅That all changed on Friday following reports that the SEC could reject the most recent Bitcoin Spot ETF applications filed by BlackRock, Fidelity, and others as they supposedly lacked critical information.

✅BTC reacted with an immediate nosedive that took it from over $31K to a 10-day low of $29,5K. However, the bulls stepped up and pushed the cryptocurrency north shortly after, recovering to $30,5K from Saturday to now.

✨Altcoins started chasing
✅The altcoins also experienced impressive price increases over the past few weeks, with some standing out, the BCH, which exploded by over 100% weekly at one point and registered a 14-month high above $320 earlier this week.

✅BSCS is trading at $0,009525, +10,65% from its 7-day low of $0,008608.

✅The case with LTC was similar yesterday, with a new 14-month peak at over $110. However, the landscape is less volatile now, with DOGE, ETH, TRX, DOT, and SHIB charting minor losses.

✅In contrast, XRP is up by almost 3% but still stands under $0.5, and SOL jumped by roughly 5% to over $19.

✨Bitcoin Fear and Greed Index is 62 - Greed, higher than at the beginning of the week (55)

✨ Dominance:
✅BTC: 49.4%
✅ETH: 19.4%

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

⭐️ BSCStation Official Media Channels:
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