🔊Weekly Market Highlights #93: April 8 - April 14

✨Recently, the cryptocurrency market has witnessed a sharp decrease in the price of BTC and all other altcoins due to the impact of less positive news.

✨Over the past week, the crypto market total capitalization decreased by ~$215B (from ~$2,583B to ~$2,368B).

✨BTC’s Rollercoaster
✅Just 72 hours ago, BTC’s price hovered calmly above $70K, and it even challenged $71K. Yet, the landscape changed for the worse on Friday evening after speeches from high-ranking officials representing the US Central Bank saying the FED has no plans to start lowering interest rates anytime soon.

✅In minutes, BTC's price dropped to $65K. Interestingly, almost all financial markets went downhill on Friday, as gold’s price dropped by about 4%.

✅BTC recovered some ground on Saturday morning and jumped to just over $67K. However, the quickly escalating tension between Iran and Israel plunged the cryptocurrency’s price once again.

✅This time, the asset fell to a multi-week low of ~$61K, leaving more than $800M in liquidations. It has bounced off nicely and currently sits above $64K, but the risks remain.

✨Alts Were Battered
✅As typically happens when BTC heads south hard, so do most altcoins. They plummeted even more in the past 48 hours or so.

✅Although many have bounced off, the landscape is quite painful for a second day straight. There have been quite a few double-digit price declines, and SOL, XRP, DOGE, TON, ADA, AVAX, SHIB, DOT, and ETH are still deep in the red.

✅TON is the only name that grew strongly last week with an increase of ~28%, currently trading around ~$6.95

✅BSCS is trading at $0,01023: +7,59% from its 7-day all-time low of $0,009506.

✨Bitcoin Fear and Greed Index is 74 - Greed, lower than at the beginning of the week (76)

✨Dominance:
✅BTC: 54.3%
✅ETH: 16.0%

📣See you next week!

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