🔊Weekly Market Highlights #59: August 7 - August 13

✨Last week, the crypto market had much notable news: PayPal launched PYUSD, Sam Bankman-Fried went to jail, the FED issued new crypto regulations, Aptos Labs and Microsoft united AI and Blockchain for Innovative Solutions.

✨Over the past week, the crypto market increased by ~$11B (from ~$1,161B to ~$1,172B) of its total capitalization.

✨BTC Boring at $29K
✅This past Monday saw some movements as BTC dipped below $29K to a weekly low. However, it went on the offensive almost immediately and had surged past $30K by Wednesday.

✅More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet, that wasn't the case, and BTC remained at just under $30K.

✅The following several days were relatively stagnant once again. Bitcoin stood still within the same tight range between $29K and $29,5K. Given the typically lower trading volumes, the weekend didn't provide anything different.

✨TON Steals the Show
✅Most altcoins have also failed to produce notable moves in the past week. BNB, DOGE, ADA, TRX, MATIC, and LTC are all slightly in the red.

✅TONCOIN has soared the most from the larger-cap alts. TON is up by ~15% and trades at $1.4. SHIB, which was following, increased by ~10%.

✅BSCS is trading at $0,007624, 0,43% from its 7-day all-time low of $0,007592.

✅Total market cap of altcoins this week is ~$600B

✨Bitcoin Fear and Greed Index is 50 - Neutral, higher than at the beginning of the week (49)

✨ Dominance:
✅BTC: 48.7%
✅ETH: 18.9%

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

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$DAO $SFUND $BSCS $POOLX $POLS $TPAD $ENJ $XAVA $SWAP
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🔊Weekly Market Highlights #60: August 14 - August 20

✨Just in the past week, the crypto market witnessed a sharp decline, and a series of top altcoins sunk in the red, bringing the market capitalization and investor sentiment back to the days of June.

✨Over the past week, the crypto market decreased by ~$112B (from ~$1,172B to ~$1,060B) of its total capitalization.

✨BTC Shaky at $26K
✅After last week’s uneventful price performance, BTC headed north on Monday and touched $29,7K. This came a day before Europe saw BTC ETF's first spot going live on Euronext Amsterdam. While that seems to be bullish news, the cryptocurrency headed south and dipped to and below $29K by Thursday.

✅The landscape worsened even more in the following days amid speculations that Elon Musk’s SpaceX has sold its remaining BTC stash. The asset reacted with an immediate price drop, driving it to a new two-month low of $25,1K.

✅As of now, bitcoin trades at around $26K after a minor daily increase.

✨RUNE Surpasses All
✅Most alternative coins followed BTC on its way south, with massive price drops, which in some cases were with double-digits. Most have attempted to recover some ground since then but not very efficiently.

✅Most major Altcoins have been down two digits in the past week. ETH, for example, went from over $1,85K to about $1,6K to mark a multi-month low.

✅While the rest of the market is in pain on a weekly scale, THORChain’s RUNE is up by over 30%, which makes it the best performer among the top 100 altcoins. An 11% surge in the past day has pushed it to $1.75.

✅BSCS is trading at $0,006969, +5,28% from its 7-day all-time low of $0,006619.

✅Total market cap of altcoins this week is ~$548B

✨Bitcoin Fear and Greed Index is 38 - Fear, lower than at the beginning of the week (50)

✨ Dominance:
✅BTC: 48.0%
✅ETH: 19.1%

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

⭐️ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube