🔊Weekly Market Highlights #71: November 6 - November 12

✨Marking the one-year mark of the challenging days that culminated in the FTX exchange collapse, the cryptocurrency market experiences a week of robust growth. Boosted by the ETF momentum of Bitcoin and Ethereum, this surge has propelled numerous leading altcoins to achieve new highs in 2023.

✨Over the past week, the crypto market increased by ~$97B (from ~$1,325B to ~$1,422B) of its total capitalization.

✨BTC Stalls at $37K
✅The cryptocurrency market witnessed significant fluctuations in a week. On Tuesday, BTC faced a setback, dropping to $34,5K after multiple unsuccessful attempts to breach the $35K threshold.

✅Yet, the bulls swiftly regained control, propelling BTC to a remarkable $38K two days later—a level unseen in a year and a half. The ascent was short-lived as a violent rejection followed, causing a rapid decline of over $2K in mere hours.

✅Undeterred, BTC rebounded, reaching $37,5K the next day. While the momentum has subsided, the asset currently trades around ~$37K.

✅This maintains its market capitalization above $721B, although its dominance over altcoins has slightly diminished to 51% on CMC.

✨SOL, AVAX on a Roll
✅SOL’s native cryptocurrency has been among the top performers lately. On a weekly scale, AVAX was up ~46% and traded above ~$18. SOL is up by more than 42% and trades close to a multi-month peak of its own at $60.

✅LINK, DOT, APT, Near, and RUNE have all registered impressive gains. In the case of RUNE, the daily surge is by 25%.

✅BSCS is trading at $0,01083, +11,85% from its 7-day all-time low of $0,009684.

✅The Total Market Cap Exclude BTC and ETH up to above ~$410B

✨Bitcoin Fear and Greed Index is 72 - Greed, lower than at the beginning of the week (74)

✨ Dominance:
✅BTC: 51.1%
✅ETH: 17.4%

📣The bull market is just starting; see you next week 😎

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