Weekly Market Highlights #43: April 17 - April 23.

24 Apr 2023, 13:45
Weekly Market Highlights #43: April 17 - April 23 ✨After April's strong growth and post-Shanghai upgrade, Bitcoin and Ethereum both recorded sharp declines in the past week without any specific news, raising the possibility that a part of investors has actively "take profit" to prepare for the upcoming May. ✨Over the past week, the crypto market decreased ~$106B (from ~$1,267B to ~$1,161B) of its total capitalization ✨Bitcoin's April Low ✅After the Bitcoin price hit the top of the year last week, on April 19, Bitcoin plummeted to $29K in hours. The situation worsened in the next few days, with BTC first dumping to $27K on April 22. ✅The latter became Bitcoin's lowest price position since March 28. Currently, bitcoin still trades inches above $27K, down over 10% weekly. Its market capitalization has declined to under $530B after tapping $600B. ✅However, its Dominance over the altcoins has taken a breather and is close to 46%. ✨Altcoins Continue Suffering ✅BSCS is trading at $0,0141. BSCStation is ready to explode with the IDO of 3 projects: BlueSale Finance, UrDEX Finance, and The Unfettered. ✅The altcoins market also failed to recover meaningfully during the past few days, with most major altcoins down 10% or more. ✅ETH is a prime example. The second-largest crypto stood above $2,1K less than a week ago after the completion of the Shapella update. Since then, though, it has lost over $250 and now trades at $1,85K after losing 4% on a daily scale. ✅Similar drops are evident from BNB, XRP, ADA, MATIC, SOL, DOT, LTC, and SHIB. ✅The crypto market cap is down to $1.16T. The metric has lost over $110B in the past few days. ✨Bitcoin Fear and Greed Index is 53 - Neutral, lower than at the beginning of the week (69) Dominance: ✅BTC: 45.8% ✅ETH: 19.2% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube

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24 Apr 2023, 13:46
Weekly Market Highlights #43: April 17 - April 23 ✨After April's strong growth and post-Shanghai upgrade, Bitcoin and Ethereum both recorded sharp declines in the past week without any specific news, raising the possibility that a part of investors has actively "take profit" to prepare for the upcoming May. ✨Over the past week, the crypto market decreased ~$106B (from ~$1,267B to ~$1,161B) of its total capitalization ✨Bitcoin's April Low ✅After the Bitcoin price hit the top of the year last week, on April 19, Bitcoin plummeted to $29K in hours. The situation worsened in the next few days, with BTC first dumping to $27K on April 22. ✅The latter became Bitcoin's lowest price position since March 28. Currently, bitcoin still trades inches above $27K, down over 10% weekly. Its market capitalization has declined to under $530B after tapping $600B. ✅However, its Dominance over the altcoins has taken a breather and is close to 46%. ✨Altcoins Continue Suffering ✅BSCS is trading at $0,0141. BSCStation is ready to explode with the IDO of 3 projects: BlueSale Finance, UrDEX Finance, and The Unfettered. ✅The altcoins market also failed to recover meaningfully during the past few days, with most major altcoins down 10% or more. ✅ETH is a prime example. The second-largest crypto stood above $2,1K less than a week ago after the completion of the Shapella update. Since then, though, it has lost over $250 and now trades at $1,85K after losing 4% on a daily scale. ✅Similar drops are evident from BNB, XRP, ADA, MATIC, SOL, DOT, LTC, and SHIB. ✅The crypto market cap is down to $1.16T. The metric has lost over $110B in the past few days. ✨Bitcoin Fear and Greed Index is 53 - Neutral, lower than at the beginning of the week (69) Dominance: ✅BTC: 45.8% ✅ETH: 19.2% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube
Weekly Market Highlights #43: April 17 - April 23.
Weekly Market Highlights #43: April 17 - April 23 ✨After April's strong growth and post-Shanghai upgrade, Bitcoin and Ethereum both recorded sharp declines in the past week without any specific news, raising the possibility that a part of investors has actively "take profit" to prepare for the upcoming May. ✨Over the past week, the crypto market decreased ~$106B (from ~$1,267B to ~$1,161B) of its total capitalization ✨Bitcoin's April Low ✅After the Bitcoin price hit the top of the year last week, on April 19, Bitcoin plummeted to $29K in hours. The situation worsened in the next few days, with BTC first dumping to $27K on April 22. ✅The latter became Bitcoin's lowest price position since March 28. Currently, bitcoin still trades inches above $27K, down over 10% weekly. Its market capitalization has declined to under $530B after tapping $600B. ✅However, its Dominance over the altcoins has taken a breather and is close to 46%. ✨Altcoins Continue Suffering ✅BSCS is trading at $0,0141. BSCStation is ready to explode with the IDO of 3 projects: BlueSale Finance, UrDEX Finance, and The Unfettered. ✅The altcoins market also failed to recover meaningfully during the past few days, with most major altcoins down 10% or more. ✅ETH is a prime example. The second-largest crypto stood above $2,1K less than a week ago after the completion of the Shapella update. Since then, though, it has lost over $250 and now trades at $1,85K after losing 4% on a daily scale. ✅Similar drops are evident from BNB, XRP, ADA, MATIC, SOL, DOT, LTC, and SHIB. ✅The crypto market cap is down to $1.16T. The metric has lost over $110B in the past few days. ✨Bitcoin Fear and Greed Index is 53 - Neutral, lower than at the beginning of the week (69) ✨ Dominance: ✅BTC: 45.8% ✅ETH: 19.2% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube