Weekly Market Highlights #46: May 8 - May 14.

15 May 2023, 03:55
🔊Weekly Market Highlights #46: May 8 - May 14 ✨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows. ✨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization. ✨BTC Struggles With $27K ✅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. ✅Even so, BTC plummeted to $25.8K – a two-month low, despite efforts by bulls to stop it. ✅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%. ✨PEPE Back on the Offensive ✅BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063. ✅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. ✅In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others. ✅Total market capitalization is $1,136B, down slightly from last week. ✨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60) ✨ Dominance: ✅BTC: 46.4% ✅ETH: 19.7% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube

Same news in other sources

1
BSCStation
BSCStationBSCS #1679
Telegram
15 May 2023, 03:55
🔊Weekly Market Highlights #46: May 8 - May 14 ✨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows. ✨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization. ✨BTC Struggles With $27K ✅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. ✅Even so, BTC plummeted to $25.8K – a two-month low, despite efforts by bulls to stop it. ✅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%. ✨PEPE Back on the Offensive ✅BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063. ✅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. ✅In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others. ✅Total market capitalization is $1,136B, down slightly from last week. ✨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60) ✨ Dominance: ✅BTC: 46.4% ✅ETH: 19.7% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube
Weekly Market Highlights #46: May 8 - May 14.
🔊Weekly Market Highlights #46: May 8 - May 14 ✨BTC and ETH have been on a downward trend this past week, bringing the prices of both cryptocurrencies to two-month lows. ✨Over the past week, the crypto market decreased ~$25B (from ~$1,161B to ~$1,136B) of its total capitalization. ✨BTC Struggles With $27K ✅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. ✅Even so, BTC plummeted to $25.8K – a two-month low, despite efforts by bulls to stop it. ✅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%. ✨PEPE Back on the Offensive ✅BSCS is trading at $0,011, +3,48% from its 7-day all-time low of $0,01063. ✅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. ✅In contrast, the larger-cap alts sit quieter, with little-to-no movements from ETH, NB, XRP, ADA, DOGE, SOL, and many others. ✅Total market capitalization is $1,136B, down slightly from last week. ✨Bitcoin Fear and Greed Index is 50 - Neutral, lower than at the beginning of the week (60) ✨ Dominance: ✅BTC: 46.4% ✅ETH: 19.7% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube