🔊Weekly Market Highlights #68: October 16 - October 22

✨The third week of October 2023 witnessed the persistent growth of BTC to return to the $30K mark despite a previous fake pump due to fake news related to the Bitcoin spot ETF. With that, BTC Dominance peaked in the past two years.

✨Over the past week, the crypto market increased by ~$100B (from ~$1,065B to ~$1,165B) of its total capitalization.

✨BTC at $30K
✅BTC experienced a significant surge and subsequent drop on Monday, fueled by false reports of the US SEC approving a spot BTC ETF. Within minutes, the asset's value fluctuated by around $2K.

✅Undeterred by the debunking of the news, the bulls continued to drive the cryptocurrency upwards. It held steady at $28K and began an ascent on Friday evening, breaching $30K for the first time since July.

✅Following a brief retracement, BTC resumed its upward momentum on Saturday evening, reaching $30.6K - marking a new multi-month high.

✅As of now, BTC trades around $30,4K, and BTC Dominance over the Altcoins reached its highest in two years

✨LINK, SOL, APT, AAVE on a Roll
✅The Altcoins also followed BTC on the way up. On a weekly scale, most are slightly in the green once again, too. ETH, BNB, ADA, DOGE, TRX, LTC, MATIC, AVAX, and DOT have all charted gains of up to 8%.

✅LINK, SOL, APT, and AAVE have produced mind-blowing increases. These have soared by double digits, with LINK skyrocketing by ~44%, SOL up 37%, APT and AAVE by 23%. As a result, LINK charted a multi-month peak of its own above $10, while SOL is close to $30 and AAVE is at $79.

✅BSCS is trading at $0,008444, 6,02% from its 7-day all-time low of $0,007965.

✅These surges have helped the total market cap add roughly $100B over the week, and the metric stands at $1,165 on CoinMarketCap.

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

✨ Dominance:
✅BTC: 51.2%
✅ETH: 17.5%

📣Hello Uptober, see you next week! 😎

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