Weekly Market Highlights #46: May 8 - May 14.
15 May 2023, 03:55
đWeekly Market Highlights #46: May 8 - May 14
â¨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows.
â¨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization.
â¨BTC Struggles With $27K
â
The past several days didn't go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,5K to $28,4K in minutes after the US CPI numbers came out for April.
â
Even so, BTC plummeted to $25.8K â a two-month low, despite efforts by bulls to stop it.
â
Nevertheless, it managed to bounce off and even challenge $27K in the past 24 hours. Currently, the asset trades higher inches from that level, and its market cap has increased to $526B. Its Dominance over the alts is also flat on a daily scale at 46.4%.
â¨PEPE Back on the Offensive
â
BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063.
â
Although on a weekly scale, PEPE is still down more than 30%, but with the price increase of 20% in the past day, there may be a return of PEPE and meme-coins.
â
In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others.
â
Total market capitalization is $1,136B, down slightly from last week.
â¨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60)
⨠Dominance:
â
BTC: 46.4%
â
ETH: 19.7%
đŁStay tuned! The market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube
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15 May 2023, 03:55
đWeekly Market Highlights #46: May 8 - May 14
â¨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows.
â¨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization.
â¨BTC Struggles With $27K
â
The past several days didn't go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,5K to $28,4K in minutes after the US CPI numbers came out for April.
â
Even so, BTC plummeted to $25.8K â a two-month low, despite efforts by bulls to stop it.
â
Nevertheless, it managed to bounce off and even challenge $27K in the past 24 hours. Currently, the asset trades higher inches from that level, and its market cap has increased to $526B. Its Dominance over the alts is also flat on a daily scale at 46.4%.
â¨PEPE Back on the Offensive
â
BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063.
â
Although on a weekly scale, PEPE is still down more than 30%, but with the price increase of 20% in the past day, there may be a return of PEPE and meme-coins.
â
In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others.
â
Total market capitalization is $1,136B, down slightly from last week.
â¨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60)
⨠Dominance:
â
BTC: 46.4%
â
ETH: 19.7%
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 #46: May 8 - May 14.
đWeekly Market Highlights #46: May 8 - May 14
â¨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows.
â¨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization.
â¨BTC Struggles With $27K
â
The past several days didn't go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,5K to $28,4K in minutes after the US CPI numbers came out for April.
â
Even so, BTC plummeted to $25.8K â a two-month low, despite efforts by bulls to stop it.
â
Nevertheless, it managed to bounce off and even challenge $27K in the past 24 hours. Currently, the asset trades higher inches from that level, and its market cap has increased to $526B. Its Dominance over the alts is also flat on a daily scale at 46.4%.
â¨PEPE Back on the Offensive
â
BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063.
â
Although on a weekly scale, PEPE is still down more than 30%, but with the price increase of 20% in the past day, there may be a return of PEPE and meme-coins.
â
In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others.
â
Total market capitalization is $1,136B, down slightly from last week.
â¨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60)
⨠Dominance:
â
BTC: 46.4%
â
ETH: 19.7%
đŁStay tuned! The market's highlights will be updated by BSCStation đ
âď¸ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube