🔊Weekly Market Highlights #70: October 30 - November 5

✨In the initial week of November, the crypto market extended its remarkable rebound from October. BTC and prominent Altcoins, like SOL, achieved new peaks in 2023.

✨As prices surged, crypto projects and major entities swiftly unveiled updates to engage the community. In parallel, the trial of Sam Bankman-Fried concluded, finding the former FTX CEO guilty of 7 counts of fraud and deceit.

✨Over the past week, the crypto market increased by ~$53B (from ~$1,272B to ~$1,325B) of its total capitalization.

✨Bitcoin Reclaims $35K
✅BTC price fluctuated ~6% over the past week, reaching a high of $36K on November 2. At the time of this writing, BTC is trading at around $34,9K, charting a decrease of about 0.6% throughout the past 24 hours.

✅It's worth noting, though, that the BTC Dominance is declining for a few days in a row. This metric is most commonly used to gauge its share relative to the entire market. In Layman's terms, it means that Altcoins are outperforming BTC.

✨Altcoins Blossom Across the Board
✅Most of the altcoins are also trading well in the green, even amongst those with a larger market capitalization

✅On a weekly scale, there are many names with outstanding price increases, such as IMX (39%), SOL (26%), XRP (23%), INJ (45%), ADA (17%), NEAR (29%), GRT (24%), EGLD leads the top 50 Altcoins with a 51% increase

✅Most Altcoins in the top 50% increased by ~10%, except for BCH, MKR, and QNT, which had a slight decrease of ~2%.

✅BSCS is trading at $0,009927, 9,84% from its 7-day all-time low of $0,009038.

✅Total market capitalization excluding BTC is currently ~610B

✨Bitcoin Fear and Greed Index is 74 - Greed, higher than at the beginning of the week (68)

✨ Dominance:
✅BTC: 51.7%
✅ETH: 17.2%

📣Hello Moonvember, see you next week 😎

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