🔊Weekly Market Highlights #97: May 6 - May 12
✨The cryptocurrency market experienced a week of relative stability, pausing the bearish momentum and undergoing some consolidation.
✨Over the past week, the crypto market total capitalization decreased by ~$115B (from ~$2,363B to ~$2,248B).
✨Bitcoin Bulls Regrouping
✅BTC started this week at $64K, recovering from a sharp drop to $56.5K last week. After some price fluctuation, it fell ~6% to $60.2K on Friday. This seems to have been caused by a statement from a US Federal Reserve representative, who said it may be too early to think about rate cuts.
✅The market has calmed since then, and the worst seems behind us.
✅The bulls even attempted a recovery, but it was quickly halted at around $61.8K, and now BTC is trading around ~$61.3K
✅It’s worth noting that despite the recent declines, the Fear and Greed index still points out that the market is in a state of “greed.”
✨Red Dominates Altcoins
✅On a seven-day scale, most altcoins are trading in the red.
✅AVAX, DOT, and MATIC, among the prominent altcoins, recorded the most significant price declines, ranging from 11% to 13%.
✅The leading names of meme coins, DOGE and SHIB, also bled strongly, with a price drop of ~11%.
✅On the contrary, TON had an impressive week of growth with an increase of ~16%
✨Bitcoin Fear and Greed Index is 57 - Greed, lower than at the beginning of the week (71)
✨Dominance:
✅BTC: 53.7%
✅ETH: 15.5%
📣See you next week!
🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
✨The cryptocurrency market experienced a week of relative stability, pausing the bearish momentum and undergoing some consolidation.
✨Over the past week, the crypto market total capitalization decreased by ~$115B (from ~$2,363B to ~$2,248B).
✨Bitcoin Bulls Regrouping
✅BTC started this week at $64K, recovering from a sharp drop to $56.5K last week. After some price fluctuation, it fell ~6% to $60.2K on Friday. This seems to have been caused by a statement from a US Federal Reserve representative, who said it may be too early to think about rate cuts.
✅The market has calmed since then, and the worst seems behind us.
✅The bulls even attempted a recovery, but it was quickly halted at around $61.8K, and now BTC is trading around ~$61.3K
✅It’s worth noting that despite the recent declines, the Fear and Greed index still points out that the market is in a state of “greed.”
✨Red Dominates Altcoins
✅On a seven-day scale, most altcoins are trading in the red.
✅AVAX, DOT, and MATIC, among the prominent altcoins, recorded the most significant price declines, ranging from 11% to 13%.
✅The leading names of meme coins, DOGE and SHIB, also bled strongly, with a price drop of ~11%.
✅On the contrary, TON had an impressive week of growth with an increase of ~16%
✨Bitcoin Fear and Greed Index is 57 - Greed, lower than at the beginning of the week (71)
✨Dominance:
✅BTC: 53.7%
✅ETH: 15.5%
📣See you next week!
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The $NEXL token launch has been postponed by the HoloNex team owing to market conditions. We regret to inform you of this and HoloNex would want to extend their deepest regrets for any trouble this may have caused.
Users that took part in HoloNex IDO will receive a 100% refund from BSCS.
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
👉🏻 Let's see if you missed any news!
I. New Partner
II. Private Sale & Node Sale Project
III. Event and Highlight News
IV. Education
V. Under Development
💠 DEX View
- Optimize and enhance the overall user experience
V. Communities
• Telegram Channel: 97,814
• Twitter: 428,522
• Youtube: 18,500
• Facebook: 12,317
⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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Website | Twitter | Discord
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📕 Better than Yesterday with BSCS #32: Node Sale - New Form of Fundraising Part 2
Welcome back to part 2, where we will further deconstruct Node Sale - the new fundraising trend of this cycle!
ℹ️ Pros & Cons of the Node Sale
The node sale model will generally be similar to a Presale or Public sale to the regular user community.
To determine the advantages and disadvantages of the above two models, we will evaluate based on 4 factors including:
🟢 Pricing
🟢 Dilution ratio
🟢 Raised Amount
🟢 Selling Pressure
Node Sale model will have many benefits compared to Public Sale:
✅ Higher valuation
✅ Reduce dilution
✅ Better capital raised
✅ Lower selling pressure
Node Sale structure also bringing certain benefits to investors, Kols:
✅ Easy Project Marketing
✅ Limiting selling pressure
✅ Better community stimulation
✅ Diversified pricing
✅ Increase token supply allocation for Node
ℹ️ Can Node Sale Replace Token Public Sale?
The answer is not clear-cut. Only projects needing new nodes can conduct node sales for infrastructure needs.
Node sales have advantages but may not replace token sales that offer more diversity and easier participation, without complex procedures or platforms.
💠 In general, the Node Sale model is bringing many positive aspects as well as long-term sustainability of the project, however users will need to carefully calculate the risk when participating in this model.
📰 Read detailed article Here
⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
Welcome back to part 2, where we will further deconstruct Node Sale - the new fundraising trend of this cycle!
The node sale model will generally be similar to a Presale or Public sale to the regular user community.
To determine the advantages and disadvantages of the above two models, we will evaluate based on 4 factors including:
Node Sale model will have many benefits compared to Public Sale:
Node Sale structure also bringing certain benefits to investors, Kols:
The answer is not clear-cut. Only projects needing new nodes can conduct node sales for infrastructure needs.
Node sales have advantages but may not replace token sales that offer more diversity and easier participation, without complex procedures or platforms.
💠 In general, the Node Sale model is bringing many positive aspects as well as long-term sustainability of the project, however users will need to carefully calculate the risk when participating in this model.
📰 Read detailed article Here
⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🙌 Act now or lose your chance of winning! The opportunity is still available!
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✍️ Crypto Slang Terms #20: Your Guide to the Cryptoverse 📕
💡 Ready to join BSCS Crypto Slang Terms #19 and learn five new blockchain words? Let's improve your crypto knowledge!
▶ Stablecoin: A cryptocurrency designed to minimise price volatility, usually by pegging its value or supply against a physical asset.
👉🏻 Example: USDT, USDC, TUSD
▶ Staking: When you stake coins, you are effectively locking them away in a digital wallet for the purposes of maintaining the network.
You are rewarded with more coins/tokens when your wallet is staking, but it also means that you cannot trade these coins while they're locked up.
👉🏻 Example: BNB Staking, BSCS Staking
▶ Stop order: An instruction given by an investor when placing a buy or sell order on the market.
It sets a condition where they will automatically close their position if this condition is met (when the market reaches a certain rate).
▶ Tokenomics: The study of how different variables within an economy impact each other and affect the decision making process.
It is a branch of economics that looks at how different classes of assets, which have a monetary value attached to them, affect the dynamics within an economy.
👉🏻 Example: Any blockchain project tokenomics, such as BSCS
▶️ Tokens: A unit of value used for various purposes within a crypto ecosystem.
Tokens can represent any asset, from commodities like gold or coffee beans, to loyalty points, real estate, or even other cryptocurrencies.
👉🏻 Example: BSCS token
💪 Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
⭐️ BSCS Official Media Channels:
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💡 Ready to join BSCS Crypto Slang Terms #19 and learn five new blockchain words? Let's improve your crypto knowledge!
👉🏻 Example: USDT, USDC, TUSD
You are rewarded with more coins/tokens when your wallet is staking, but it also means that you cannot trade these coins while they're locked up.
👉🏻 Example: BNB Staking, BSCS Staking
It sets a condition where they will automatically close their position if this condition is met (when the market reaches a certain rate).
It is a branch of economics that looks at how different classes of assets, which have a monetary value attached to them, affect the dynamics within an economy.
👉🏻 Example: Any blockchain project tokenomics, such as BSCS
Tokens can represent any asset, from commodities like gold or coffee beans, to loyalty points, real estate, or even other cryptocurrencies.
👉🏻 Example: BSCS token
💪 Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
⭐️ BSCS Official Media Channels:
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🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🙌 Act now or lose your chance of winning! The opportunity is still available!
Website | Telegram | Substack | Twitter | Discussion
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Anonymous Poll
58%
The future is bright for the market & industry to bloom
30%
We are just in the early stages of the blockchain industry
12%
We are slowing down due to technology limitations
0%
Others, share in the comment
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🔊Weekly Market Highlights #98: May 13 - May 19
✨Last week, the world's largest cryptocurrency, BTC, surged significantly, driven by the resurgence of capital flows from spot Bitcoin ETFs. BTC had a notably active trading week, climbing by over $6K and surpassing $67K, its highest price in nearly a month.
✨Over the past week, the crypto market total capitalization increased by ~$167B (from ~$2,248B to ~$2,415B).
✨BTC Calms at $67K
✅Last Friday, BTC retraced to slightly above $60K, but the bulls defended that psychological support level over the weekend. Subsequently, the asset began climbing on Monday, briefly surpassing $63K. However, it retraced to $61,2K on Tuesday ahead of the US CPI announcement for April, only to surge after the release of those figures.
✅Following the announcement, the cryptocurrency gained several thousand dollars, skyrocketing to over $66,5K for the first time since mid-April. Although there was a brief retracement, the bulls resumed their attack in the past couple of days, pushing BTC to nearly $67,5K. Despite a slight retracement since then, BTC continues to trade around $67K. Its market capitalization remains at $1,320B.
✨SOL and LINK Leads the Way
✅On a weekly scale, SOL and LINK have stolen the show. SOL has soared by ~24% and trades at a multi-week high of over $172, while LINK is up by 27% and stands close to $16.9
✅Next on the weekly top gainers' list are AVAX (14%), BCH (13%), UNI (13%), IMX (10%), GRT (12%), NEAR (9%), and ICP (10%).
✅In contrast, TON has declined the most from the larger-cap alts, having lost over 6% of value in the past seven days. BNB and TRX are also slightly in the red.
✅The total crypto market cap is up to $2,415B on CoinMarketCap
✨Bitcoin Fear and Greed Index is 70 - Greed, higher than at the beginning of the week (57)
✨Dominance:
✅BTC: 54.5%
✅ETH: 15.4%
📣See you next week!
🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
✨Last week, the world's largest cryptocurrency, BTC, surged significantly, driven by the resurgence of capital flows from spot Bitcoin ETFs. BTC had a notably active trading week, climbing by over $6K and surpassing $67K, its highest price in nearly a month.
✨Over the past week, the crypto market total capitalization increased by ~$167B (from ~$2,248B to ~$2,415B).
✨BTC Calms at $67K
✅Last Friday, BTC retraced to slightly above $60K, but the bulls defended that psychological support level over the weekend. Subsequently, the asset began climbing on Monday, briefly surpassing $63K. However, it retraced to $61,2K on Tuesday ahead of the US CPI announcement for April, only to surge after the release of those figures.
✅Following the announcement, the cryptocurrency gained several thousand dollars, skyrocketing to over $66,5K for the first time since mid-April. Although there was a brief retracement, the bulls resumed their attack in the past couple of days, pushing BTC to nearly $67,5K. Despite a slight retracement since then, BTC continues to trade around $67K. Its market capitalization remains at $1,320B.
✨SOL and LINK Leads the Way
✅On a weekly scale, SOL and LINK have stolen the show. SOL has soared by ~24% and trades at a multi-week high of over $172, while LINK is up by 27% and stands close to $16.9
✅Next on the weekly top gainers' list are AVAX (14%), BCH (13%), UNI (13%), IMX (10%), GRT (12%), NEAR (9%), and ICP (10%).
✅In contrast, TON has declined the most from the larger-cap alts, having lost over 6% of value in the past seven days. BNB and TRX are also slightly in the red.
✅The total crypto market cap is up to $2,415B on CoinMarketCap
✨Bitcoin Fear and Greed Index is 70 - Greed, higher than at the beginning of the week (57)
✨Dominance:
✅BTC: 54.5%
✅ETH: 15.4%
📣See you next week!
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😎 Let's together celebrate the legendary day of Bitcoin history with a fun prediction game with BSCS guys!
📍 Venue: BSCS Twitter
💠 Follow BSCS Twitter
💠 Predict the closing price of the BTC/USDT pair on 22 April 2024, reply with your #BSCS #PIZZADAY #BTC and your BEP-20 wallet address, tag 3 friends, Like, RT THIS POST
💠 The top 10 users with correct or closest predictions (lower only) to the result will be the winners
💠 In case of duplicate predictions, who predicts the earliest will win (based on reply time)
🎉 Don't miss out on this exciting event! Get your predictions in and stand a chance to win!
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
👉🏻 Let's see if you missed any news!
I. Node Sale Project
II. Event and Highlight News
III. Education
IV. Under Development
💠 DEX View
- Optimize and enhance the overall user experience
V. Communities
• Telegram Channel: 97,163
• Twitter: 428,548
• Youtube: 18,500
• Facebook: 12,302
⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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👏🏻 BSCS "Chat Festival" Event - Officially Ended! 🎉
❤️ Thanks to everyone who engaged in insightful discussions and contributed to the vibrant community spirit. Your enthusiasm made this event a great success!
🙌 We will announce the winners real soon after summarizing the data. Stay tuned for the result.
🎁 Reward: 100 USDT
🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🟢 Top 4-5: 10 USDT/ each
🟢 Top 6-9: 5 USDT/ each
‼ Note
✅ User must public Telegram username
✅ Our decision is final in all case
🚀 We appreciate all the active participation and are eager for more exciting events in the future!
🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
🙌 We will announce the winners real soon after summarizing the data. Stay tuned for the result.
🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🚀 We appreciate all the active participation and are eager for more exciting events in the future!
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🇻🇳 Don't miss out on GM Vietnam 2024 - the biggest blockchain event of the year! 🚀
💡 Discover the latest breakthroughs: From DeFi to NFTs, GameFi, and more, GMVN2024 promises to be an enriching experience for all blockchain enthusiasts.
🌐 Forge valuable connections: Network with industry titans and visionary leaders as you explore the forefront of Web3 technology. Uncover new possibilities for growth and collaboration.
🎓 Learn & get inspired: Expand your knowledge and network with the blockchain community through exciting side events.
👉🏻 Get your FREE TICKETS NOW
🖥 Join Vietnam Rust Hackathon: Test your blockchain programming skills at the Vietnam Rust Hackathon.
🎁 Fun & Prizes: Participate in games, win prizes, and soak up the vibrant atmosphere at a luxurious venue.
📌 Read more at
Kyros Ventures Blog | BSCS Substack
🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
#GMVN2024 #Web3 #Vietnam #HCMC #Blockchain
💡 Discover the latest breakthroughs: From DeFi to NFTs, GameFi, and more, GMVN2024 promises to be an enriching experience for all blockchain enthusiasts.
👉🏻 Get your FREE TICKETS NOW
📌 Read more at
Kyros Ventures Blog | BSCS Substack
Website | Telegram | Substack | Twitter | Discussion
#GMVN2024 #Web3 #Vietnam #HCMC #Blockchain
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💰 Coincidentally, the first item that was bought with cryptocurrency was pizza! On May 22, 2010, Laszlo Hanyecz paid 10,000 Bitcoins to have two Papa John pizzas delivered.
🫡 In honor of this special day, the global crypto community gathers on May 22 each year to commemorate the first physical Bitcoin transaction!
😎 Bitcoin Pizza Day Activities Suggestion
✅ Buy pizza
✅ Invest in cryptocurrency
✅ Make pizzas
✅ Join BSCS Pizza Day Event
⭐️ BSCS Official Media Channels:
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👏 Huge shoutout to all the amazing users who joined the BSCS "Chat Festival"! Your energy and awesome chats made it a blast!
🏆 Let's unveil the top winners taking home the prizes:
🥇 Top 1: 25 USDT
@King_Alvarez10
🥈 Top 2: 20 USDT
@MD_SK_Hamid
🥉 Top 3: 15 USDT
@paultuckerr
🏅 Top 4-5: 10 USDT/ each
@tiantian87
@Patrickgregory
🏅 Top 6-9: 5 USDT/ each
@dr_faith
@MeherjanYT
@ThangHoag
@babyboo3105
🙌 A big thanks to everyone who joined in! Your vibes and chats rocked our world!
👉 Stay tuned for more fun events and adventures ahead! Let's keep the party going!
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📕 Better than Yesterday with BSCS #33: DePIN Explained
In 2024, significant market shifts occurred, with some sectors outperforming others.
DePIN emerges as a promising sector with strong performances and potential future development.
🔎 Let's find out what is DePIN with BSCS
ℹ️ What are DePINs?
Decentralized Physical Infrastructure Networks (DePINs) are real-world infrastructures on-chain.
DePINs offer a community-driven, cost-effective means of scaling projects without relying on traditional, centralized models.
ℹ️ How does DePINs work?
DePINs operate through 3 main components:
🟢 Physical infrastructure controlled by a provider
🟢 Middleware connection to the blockchain
🟢 A public ledger
Additionally, for DePINs to operate effectively, 4 distinct parties must be involved in the network
🟢 Hardware (PRNs & DRNs)
🟢 Hardware operators (Providers)
🟢 Token
🟢 Users
ℹ️ The Current DePIN Landscape
DePIN projects operate in six core business niches:
🟢 Compute marketplaces
🟢 Wireless coverage
🟢 Wholesale data
🟢 Services marketplaces
🟢 Energy services
🟢 Vertical ad networks
Out of these six sectors, compute marketplaces have the most potential, making up the majority of the market capitalization of DePIN crypto projects.
📰 Detailed article Here
🔔 Stay tuned as we wrap up everything else in part 2 of Better than Yesterday with BSCS about DePIN!
⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
In 2024, significant market shifts occurred, with some sectors outperforming others.
DePIN emerges as a promising sector with strong performances and potential future development.
🔎 Let's find out what is DePIN with BSCS
Decentralized Physical Infrastructure Networks (DePINs) are real-world infrastructures on-chain.
DePINs offer a community-driven, cost-effective means of scaling projects without relying on traditional, centralized models.
DePINs operate through 3 main components:
Additionally, for DePINs to operate effectively, 4 distinct parties must be involved in the network
DePIN projects operate in six core business niches:
Out of these six sectors, compute marketplaces have the most potential, making up the majority of the market capitalization of DePIN crypto projects.
📰 Detailed article Here
⭐️ BSCS Official Media Channels:
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It's time to reveal the winners of our Bitcoin Pizza Day celebration! We’re thrilled to see the community buzzing with excitement and optimism about the market!
🏆 Winner List (Twitter Username)
@MubzyPablo
@boontaw35989033
@GinnyMaltb14475
@J0HN_BEAR12
@HuyenTranT1
@far1mland5
@orachan734
@HqdPraew6111
@BeningKantong
@amsyarin2
🥳 Congratulations to all our lucky winners! Let's keep the positive vibes going!
⭐️ BSCS Official Media Channels:
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Which exciting actions are you eager to take part in with BSCS? 👀
Anonymous Poll
60%
Airdrops
34%
Launchpad Feature Upgrade
34%
IDO Allocation Discounts
13%
Referral program
18%
Ambassador program
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🔊Weekly Market Highlights #99: May 20 - May 26
✨BTC and the rest of the market had a good week thanks to the hype and actual approval of Ethereum spot ETFs in the United States.
✨Over the past week, the crypto market total capitalization increased by ~$178B (from ~$2,415B to ~$2,593B).
✨BTC’s Weekly Surge
✅Last Sunday, the leading cryptocurrency struggled to maintain its position above $66K, occasionally slipping below that threshold. Monday began similarly but ended with a bang.
✅Amid reports suggesting the potential approval of eight spot Ethereum ETFs by the US SEC that week, BTC surged by over $5K, reaching close to $72K for the first time in six weeks. However, the momentum couldn't be sustained, and the asset began shedding value in the subsequent days.
✅The most significant price drop occurred just hours before the US securities regulator gave the green light to these financial products on Thursday, causing BTC to dip to $66.4K. Nevertheless, it rebounded swiftly, soaring to $69K by Friday.
✨PEPE’s Week
✅Somewhat expected, the above news impacted Ethereum’s native token a lot. ETH went on a roll and shot up from $3,1K to over $3,9K, which became its highest price tag since the start of April. The second-largest crypto also went on a volatile ride amid the SEC’s approval but now stands close to $3,8K after gaining 27% in the past week.
✅DOGE, LINK, and APT have also increased weekly, but Uniswap and PEPE lead the charts. UNI has skyrocketed by 44%, standing above $11, while PEPE painted several all-time highs this week.
✅In contrast, SOL, TRX, TON, and ADA are in the red on a weekly scale. Still, the total crypto market cap gained more than ~$180B within this timeframe and is now ~$2.6T
✨Bitcoin Fear and Greed Index is 74 - Greed, higher than at the beginning of the week (70)
✨Dominance:
✅BTC: 52.6%
✅ETH: 18.2%
📣See you next week!
🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
✨BTC and the rest of the market had a good week thanks to the hype and actual approval of Ethereum spot ETFs in the United States.
✨Over the past week, the crypto market total capitalization increased by ~$178B (from ~$2,415B to ~$2,593B).
✨BTC’s Weekly Surge
✅Last Sunday, the leading cryptocurrency struggled to maintain its position above $66K, occasionally slipping below that threshold. Monday began similarly but ended with a bang.
✅Amid reports suggesting the potential approval of eight spot Ethereum ETFs by the US SEC that week, BTC surged by over $5K, reaching close to $72K for the first time in six weeks. However, the momentum couldn't be sustained, and the asset began shedding value in the subsequent days.
✅The most significant price drop occurred just hours before the US securities regulator gave the green light to these financial products on Thursday, causing BTC to dip to $66.4K. Nevertheless, it rebounded swiftly, soaring to $69K by Friday.
✨PEPE’s Week
✅Somewhat expected, the above news impacted Ethereum’s native token a lot. ETH went on a roll and shot up from $3,1K to over $3,9K, which became its highest price tag since the start of April. The second-largest crypto also went on a volatile ride amid the SEC’s approval but now stands close to $3,8K after gaining 27% in the past week.
✅DOGE, LINK, and APT have also increased weekly, but Uniswap and PEPE lead the charts. UNI has skyrocketed by 44%, standing above $11, while PEPE painted several all-time highs this week.
✅In contrast, SOL, TRX, TON, and ADA are in the red on a weekly scale. Still, the total crypto market cap gained more than ~$180B within this timeframe and is now ~$2.6T
✨Bitcoin Fear and Greed Index is 74 - Greed, higher than at the beginning of the week (70)
✨Dominance:
✅BTC: 52.6%
✅ETH: 18.2%
📣See you next week!
Website | Telegram | Substack | Twitter | Discussion
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
👉🏻 Let's see if you missed any news!
I. Event and Highlight News
II. Education
III. Under Development
💠 DEX View
- Optimize and enhance the overall user experience
IV. Communities
• Telegram Channel: 99,621
• Twitter: 426,213
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