🔊Weekly Market Highlights #91: March 25 - March 31

✨The last week of March 2024, BTC ended the month with a green candle for the 7th consecutive time. Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison. The US government and SEC continuously made more legal moves targeting crypto companies: accusing the Kucoin exchange of money laundering up to $9B and wanting to fine XRP an amount of $2B

✨Over the past week, the crypto market's total capitalization increased by ~$148B (from ~$2,545B to ~$2,693B).

✨BTC Maintains $70K
✅Monday and Tuesday, BTC went on a tear and shot up by over four grand. This meant it had returned to over $70K for the first time in a few weeks.

✅The bulls had another leg up on Wednesday, resulting in BTC soaring to a 15-day peak of just under $72K. Nevertheless, the bears stepped up and initiated a $3K retracement before BTC started recovering some ground as the net flows for the spot ETFs returned to positive.

✅Not much happened by the end of the week and during the weekend. BTC trades above the $70K mark, with its market cap closing the gap to $1.4T.

✨This Week’s Top Performers
✅The larger-cap alts have a few clear winners, with BCH and ICP standing out the most. With just days left to its second halving, BCH gained more than 30% on a weekly scale and soared to $600.

✅DOGE has also jumped by double digits on a weekly scale and now sits above $0.2, SOL has neared $200 after a 13% increase in the past seven days. ETH, BNB, SHIB, DOT, and LINK have gained less than 10%.

✅CORE has entered the top 100 altcoins following a massive 130% weekly, making it the best performer within this time frame. WIF follows suit with a 90% surge.

✅BSCS is trading at $0,01159: +12,15% from its 7-day all-time low of $0,01034.

✨Bitcoin Fear and Greed Index is 79 - Extreme Greed, higher than at the beginning of the week (75)

✨Dominance:
✅BTC: 51.9%
✅ETH: 16.1%

📣See you next week!

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🔊Weekly Market Highlights #92: April 1 - April 7

✨Quarter 1/2024 ended with a new milestone for BTC: the highest quarterly and monthly candlestick close in history.

✨Over the past week, the crypto market total capitalization decreased by ~$110B (from ~$2,693B to ~$2,583B).

✨BTC Goes After $70K
✅Last weekend was also quite positive for BTC as the asset stood primarily around $70K and even challenged $71K on Sunday evening. However, the bears stepped up at this point and pushed BTC to the south hard.

✅This resulted in a price drop to $68,5K on Monday and an even more violent decline to under $66K on Tuesday. They kept the pressure piling, and BTC slipped to a ten-day low of under $64,5K on Wednesday.

✅At this point, the bulls finally awakened and initiated an impressive leg-up, which resulted in BTC briefly exceeding $69K. Another rejection followed, driving the cryptocurrency to $66K on Friday.

✅The weekend has been a lot more positive. BTC recovered some ground yesterday and stood at around $67,5K. Another jump came earlier today when BTC went as high as $70,2K amid increased whale activity, and now, at the time of writing, BTC trades at around $69K.

✨WIF, DOGE on a Roll
✅The two best performers among the larger-cap alts are DOGE and WIF. The OG meme coin has soared by almost 9% in a day and is now almost $0.2. Recall that numerous predictions have been made that DOGE will soar to $1 during this bull cycle.

✅WIF has skyrocketed by 12% in a day to $3.7. MNT follows suit with a 6% increase, pushing it to $1.4.

✅ETH, BNB, SOL, XRP, ADA, and TON have all added around 1-2% daily. More gains come from the likes of AVAX (4.4%), SHIB (3.5%), and UNI (3%).

✅BSCS is trading at $0,01094: +11,56% from its 7-day all-time low of $0,009802.

✨Bitcoin Fear and Greed Index is 76 - Extreme Greed, lower than at the beginning of the week (79)

✨Dominance:
✅BTC: 52.8%
✅ETH: 15.9%

📣See you next week!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion