Weekly Market Highlights #52: June 19 - June 25.
26 Jun 2023, 05:06
đWeekly Market Highlights #52: June 19 - June 25
â¨Due to news from major Wall Street financial institutions, Bitcoin set a new 2023 high this week while also pushing the BTC Dominance rate above 50% for the first time in 2 years â indicating this rally was caused by Bitcoin dominating completely and leaving altcoins behind.
â¨Over the past week, the crypto market increased by ~$114B (from ~$1,064B to ~$1,178B) of its total capitalization.
â¨Bitcoin Price Taps $31K
â
The market-wide positive sentiment has seen Bitcoin price surpass $30K for the first time since April 26.
â
The cryptocurrency reached $31.4K, but the bulls could not sustain the momentum, and the price corrected to where it is currently trading above $30K.
â
With that impressive gain, BTC is up ~20% over the past seven days, making it one of the best-performing coins. BTC's Dominance is over 51%, showing that the leading cryptocurrency outperforms the altcoins market.
â¨Altcoins Want To Chase But Still Hesitate
â
Altcoins have started a bull run to catch up with BTC, but with BTC Dominance at a 2-year high, that makes it a lot more cautious.
â
BSCS is trading at $0,009198, +9,80% from its 7-day all-time low of $0,008377.
â
ETH is up ~15% in the week, reached above $1.9K, and is now trading slightly below it
â
BCH is the weekly's best performance, with a gain of 80%, followed by LTC, DOT, AVAX, LINK, and UNI, with an increase of 13% - 20%
â
Market cap is back to ~$1,200B since April. Investors expect BTC.D to drop and altcoins to continue to reap the benefits.
â¨Bitcoin Fear and Greed Index is 55 - Greed, higher than at the beginning of the week (48)
⨠Dominance:
â
BTC: 50%
â
ETH: 19.2%
đŁStay tuned! The market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
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26 Jun 2023, 05:06
đWeekly Market Highlights #52: June 19 - June 25
â¨Due to news from major Wall Street financial institutions, Bitcoin set a new 2023 high this week while also pushing the BTC Dominance rate above 50% for the first time in 2 years â indicating this rally was caused by Bitcoin dominating completely and leaving altcoins behind.
â¨Over the past week, the crypto market increased by ~$114B (from ~$1,064B to ~$1,178B) of its total capitalization.
â¨Bitcoin Price Taps $31K
â
The market-wide positive sentiment has seen Bitcoin price surpass $30K for the first time since April 26.
â
The cryptocurrency reached $31.4K, but the bulls could not sustain the momentum, and the price corrected to where it is currently trading above $30K.
â
With that impressive gain, BTC is up ~20% over the past seven days, making it one of the best-performing coins. BTC's Dominance is over 51%, showing that the leading cryptocurrency outperforms the altcoins market.
â¨Altcoins Want To Chase But Still Hesitate
â
Altcoins have started a bull run to catch up with BTC, but with BTC Dominance at a 2-year high, that makes it a lot more cautious.
â
BSCS is trading at $0,009198, +9,80% from its 7-day all-time low of $0,008377.
â
ETH is up ~15% in the week, reached above $1.9K, and is now trading slightly below it
â
BCH is the weekly's best performance, with a gain of 80%, followed by LTC, DOT, AVAX, LINK, and UNI, with an increase of 13% - 20%
â
Market cap is back to ~$1,200B since April. Investors expect BTC.D to drop and altcoins to continue to reap the benefits.
â¨Bitcoin Fear and Greed Index is 55 - Greed, higher than at the beginning of the week (48)
⨠Dominance:
â
BTC: 50%
â
ETH: 19.2%
đŁStay tuned! The market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube
Weekly Market Highlights #52: June 19 - June 25.
đWeekly Market Highlights #52: June 19 - June 25
â¨Due to news from major Wall Street financial institutions, Bitcoin set a new 2023 high this week while also pushing the BTC Dominance rate above 50% for the first time in 2 years â indicating this rally was caused by Bitcoin dominating completely and leaving altcoins behind.
â¨Over the past week, the crypto market increased by ~$114B (from ~$1,064B to ~$1,178B) of its total capitalization.
â¨Bitcoin Price Taps $31K
â
The market-wide positive sentiment has seen Bitcoin price surpass $30K for the first time since April 26.
â
The cryptocurrency reached $31.4K, but the bulls could not sustain the momentum, and the price corrected to where it is currently trading above $30K.
â
With that impressive gain, BTC is up ~20% over the past seven days, making it one of the best-performing coins. BTC's Dominance is over 51%, showing that the leading cryptocurrency outperforms the altcoins market.
â¨Altcoins Want To Chase But Still Hesitate
â
Altcoins have started a bull run to catch up with BTC, but with BTC Dominance at a 2-year high, that makes it a lot more cautious.
â
BSCS is trading at $0,009198, +9,80% from its 7-day all-time low of $0,008377.
â
ETH is up ~15% in the week, reached above $1.9K, and is now trading slightly below it
â
BCH is the weekly's best performance, with a gain of 80%, followed by LTC, DOT, AVAX, LINK, and UNI, with an increase of 13% - 20%
â
Market cap is back to ~$1,200B since April. Investors expect BTC.D to drop and altcoins to continue to reap the benefits.
â¨Bitcoin Fear and Greed Index is 55 - Greed, higher than at the beginning of the week (48)
⨠Dominance:
â
BTC: 50%
â
ETH: 19.2%
đŁStay tuned! The market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube