🔊Weekly Market Highlights #95: April 22 - April 28
✨Concerns about the market situation in May arose as the final days of April saw an outflow of BTC ETF funds.
✨Over the past week, the crypto market total capitalization decreased by ~$72B (from ~$2,388B to ~$2,316B).
✨BTC Failed to Challenge $64K
✅A week ago, BTC experienced its fourth halving, cutting block rewards for miners in half. During this time, BTC's price saw significant volatility amidst escalating tensions between Iran and Israel.
✅Following a sharp decline to under $59.5K, BTC surged by over five thousand dollars and surpassed $65K last weekend. It continued to climb in the early days of the business week, spiking above $67K multiple times.
✅However, this upward trend was short-lived, with bears quickly reversing its trajectory. Wednesday saw a particularly painful drop as BTC fell to $62.8K. Although it bounced back to $65K on Thursday, it soon headed south again, dropping to $62.4K by Saturday.
✅Despite these fluctuations, the bulls have managed to step in, and BTC is now trading close to $63K.
✨Altcoins Recover Green
✅At the time of writing, the BTC.D index has been down for two consecutive weeks, showing that altcoins are experiencing growth surpassing BTC. ETH is a prime example, the largest Altcoin is up over 6% in the last 24 hours and trading above $3300. SOL and TON have charted similar gains, pushing them to $143 and $5.5, respectively.
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HONG KONG BITCOIN AND ETHER ETFS TO START TRADING APRIL 30
✅BSCS is trading at $0,00875: +4,85% from its 7-day all-time low of $0,008346.
✨Bitcoin Fear and Greed Index is 67 - Greed, lower than at the beginning of the week (73)
✨Dominance:
✅BTC: 52.9%
✅ETH: 16.8%
📣See you next week!
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