🔊Weekly Market Highlights #57: July 24 - July 30

✨Macroeconomic news from the US that did not have much impact on the crypto market continued to be demonstrated this past week when Bitcoin remained flat despite the Fed continuing to raise interest rates.

✨Another highlight of the past week was the launch event of Worldcoin (WLD). Though interesting, Worldcoin's operating model is being questioned by investors in the cryptocurrency market and regulators in some countries.

✨Over the past week, the crypto market decreased by ~$10B (from ~$1,191B to ~$1,181B) of its total capitalization.

✨BTC Boring at $29K
✅BTC has had almost a week of flat prices between $29K and $29.7K. When the US Federal Reserve raises interest rates by 25 basis points, it usually increases volatility, but not this time.

✅The past 48 hours have been particularly dull as BTC has stalled between $29,300 and $29,400. This means its market cap remains at ~$570B, but its Dominance over altcoins has suffered over the past week. The metric fell more than 0.5% in that time frame to 48.2% now.

✨DOGE Has The Best Growth
✅Upon news about the launch of the beta version of the project's Shibarium, the largest native token – SHIB – began to increase in value rapidly. As such, the second-largest meme coin now stands above $0.0000083.

✅Speaking of meme coins, the OG is also green today, surging by more than 3%. DOGE is up by 11% weekly following the recent Elon Musk engagements and trades at ~$0.08.

✅BSCS is trading at $0,008969, +5,67% from its 7-day all-time low of $0,008488.

✅Except for OP, up ~8% for the week, other major altcoins are all slightly red.

✨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (55)

✨ Dominance:
✅BTC: 48.2%
✅ETH: 19.1%

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

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