Weekly Market Highlights #39: March 20 - March 26.

27 Mar 2023, 05:08
Weekly Market Highlights #39: March 20 - March 26 ✨The trading volumes have decreased during the weekend, resulting in BTC failing to produce any significant moves in either direction. ✨Over the past week, the crypto market decreased ~$15B (from ~$1,178B to ~$1,163B) of its total capitalization ✨Bitcoin Boring at $27.5K ✅A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break. ✅Bitcoin exploded from under $20K to over $28K during the US banking crisis, which expanded to Europe, with UBS having to acquire Credit Suisse and Deutsche Bank’s stocks plummeting. The Fed’s latest interest rate hike on Wednesday brought more volatility to BTC, which dumped by $2K in hours. ✅However, the bulls returned to play almost immediately, and Bitcoin briefly spiked to over $29K on Friday. After charting yet another 9-month high above that level, the cryptocurrency retraced to under $28K, where it has remained for the past few days. ✨Altcoins have also stalled on a daily scale ✅BSCS is trading at $0,01551: +1,35% from its 7-day all-time low of $0,0153. ✅With the declining trading volumes across all charts, it’s somewhat expected that the altcoins have remained relatively stable on a daily scale. ETH trades close to $1,8K following a minor 1.3% increase. Similar gains are evident from BNB, DOGE, MATIC, SOL, LTC, TRX, and AVAX. ✅XRP is the only top 10 altcoins with a more notable price increase, up by almost 4% in a day and more than 21% within the past week. ✅ARB has recovered some of yesterday’s losses, having jumped by 6.5% to almost $1.3. LDO, XMR, and XLM are the other top performers from the mid-cap altcoins, as all are up by around 3%. ✨Bitcoin Fear and Greed Index is 64 - Greed, lower than at the beginning of the week (66) Dominance: ✅BTC: 46.4% ✅ETH: 18.6% 📣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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27 Mar 2023, 05:08
Weekly Market Highlights #39: March 20 - March 26 ✨The trading volumes have decreased during the weekend, resulting in BTC failing to produce any significant moves in either direction. ✨Over the past week, the crypto market decreased ~$15B (from ~$1,178B to ~$1,163B) of its total capitalization ✨Bitcoin Boring at $27.5K ✅A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break. ✅Bitcoin exploded from under $20K to over $28K during the US banking crisis, which expanded to Europe, with UBS having to acquire Credit Suisse and Deutsche Bank’s stocks plummeting. The Fed’s latest interest rate hike on Wednesday brought more volatility to BTC, which dumped by $2K in hours. ✅However, the bulls returned to play almost immediately, and Bitcoin briefly spiked to over $29K on Friday. After charting yet another 9-month high above that level, the cryptocurrency retraced to under $28K, where it has remained for the past few days. ✨Altcoins have also stalled on a daily scale ✅BSCS is trading at $0,01551: +1,35% from its 7-day all-time low of $0,0153. ✅With the declining trading volumes across all charts, it’s somewhat expected that the altcoins have remained relatively stable on a daily scale. ETH trades close to $1,8K following a minor 1.3% increase. Similar gains are evident from BNB, DOGE, MATIC, SOL, LTC, TRX, and AVAX. ✅XRP is the only top 10 altcoins with a more notable price increase, up by almost 4% in a day and more than 21% within the past week. ✅ARB has recovered some of yesterday’s losses, having jumped by 6.5% to almost $1.3. LDO, XMR, and XLM are the other top performers from the mid-cap altcoins, as all are up by around 3%. ✨Bitcoin Fear and Greed Index is 64 - Greed, lower than at the beginning of the week (66) Dominance: ✅BTC: 46.4% ✅ETH: 18.6% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube
Weekly Market Highlights #39: March 20 - March 26.
Weekly Market Highlights #39: March 20 - March 26 ✨The trading volumes have decreased during the weekend, resulting in BTC failing to produce any significant moves in either direction. ✨Over the past week, the crypto market decreased ~$15B (from ~$1,178B to ~$1,163B) of its total capitalization ✨Bitcoin Boring at $27.5K ✅A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break. ✅Bitcoin exploded from under $20K to over $28K during the US banking crisis, which expanded to Europe, with UBS having to acquire Credit Suisse and Deutsche Bank’s stocks plummeting. The Fed’s latest interest rate hike on Wednesday brought more volatility to BTC, which dumped by $2K in hours. ✅However, the bulls returned to play almost immediately, and Bitcoin briefly spiked to over $29K on Friday. After charting yet another 9-month high above that level, the cryptocurrency retraced to under $28K, where it has remained for the past few days. ✨Altcoins have also stalled on a daily scale ✅BSCS is trading at $0,01551: +1,35% from its 7-day all-time low of $0,0153. ✅With the declining trading volumes across all charts, it’s somewhat expected that the altcoins have remained relatively stable on a daily scale. ETH trades close to $1,8K following a minor 1.3% increase. Similar gains are evident from BNB, DOGE, MATIC, SOL, LTC, TRX, and AVAX. ✅XRP is the only top 10 altcoins with a more notable price increase, up by almost 4% in a day and more than 21% within the past week. ✅ARB has recovered some of yesterday’s losses, having jumped by 6.5% to almost $1.3. LDO, XMR, and XLM are the other top performers from the mid-cap altcoins, as all are up by around 3%. ✨Bitcoin Fear and Greed Index is 64 - Greed, lower than at the beginning of the week (66) ✨ Dominance: ✅BTC: 46.4% ✅ETH: 18.6% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube