Crypto Market Pulse Weekly - 📈 BTC Reached New ATH $71,000 and ETH Retook $4,000
Crypto Market Pulse Weekly - 📈 BTC Reached New ATH $71,000 and ETH Retook $4,000BTC reached a new ATH of $71,000 and ETH retook $4,000. Crypto.com partners with Altava Group to expand the Web3 ecosystem. BlackRock plans to acquire spot Bitcoin ETPs for its Global Allocation Fund.Weekly Market IndexLast week’s crypto market price and volume indices were up +11.34% and +29.09%, respectively, while the volatility index fell by -28.38%. The price index has been growing successively for seven weeks, demonstrating strong momentum in the market. Last week's bull run was likely driven by a combination of news regarding higher-than-expected US unemployment data and the Bitcoin halving event. Chart of the WeekBitcoin reached an all-time high of US$70,000 on 8 March. This surge came after the release of US unemployment data. The unemployment rate of 3.9% exceeded expectations of 3.7%. Higher-than-expected readings are typically seen as negative or bearish for the USD, indicating a decrease in value. This led to speculation that inflationary pressures were diminishing because of the implementation of restrictive economic policies. Moreover, BTC crossed $71,000 and reached a new all-time high on 11 March. The rise in Bitcoin's price also coincides with the upcoming block subsidy halving. Additionally, ETH price rallied and hit $4,000 for the first time since 2021. Weekly PerformanceBitcoin (BTC) and Ether (ETH) rose by +8.2% and +11.3%, respectively, in the past seven days. Price action for other selected top-cap tokens was mostly positive. The meme coins SHIB and PEPE outperformed. Selected key categories were all up in terms of market capitalisation change in the past seven days, led by AI. News Highlights
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Catalyst CalendarWe’re all ears.Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you! AuthorResearch and Insights Team Disclaimer:The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.Thank you for reading! We hope you find Market Pulse, our new weekly market insights newsletter enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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NFT & Blockchain Gaming Weekly - 📈 The NFT market surged by 18% in sales volume
Friday, March 8, 2024
Ethereum NFTs sales volume saw 46% surge. CryptoPunk #3100 sold for $16M, the 2nd highest for this collection. Popular music festival Coachella partners with OpenSea via NFTs ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💰Tether Launches Recovery Tool as USDT Hits $100B
Wednesday, March 6, 2024
Tether unveils recovery tool as USDT hits $100B in market cap. Blast officially launches its mainnet, TVL soars to $320B. Following Circle STARKs launch, StarkWare debuts new ZK prover Stwo. ͏ ͏ ͏
Crypto Market Pulse Weekly - 🏆 Bitcoin ETFs Climb Commodity Leaderboard
Monday, March 4, 2024
Crypto.com partners with BTG Pactual. US spot Bitcoin ETFs climb the commodity ETF AUM leaderboard. Fidelity Canada recommends crypto allocation in portfolios. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 🚀 Blast’s Mainnet Launches
Friday, March 1, 2024
Blast's mainnet launches. Magic Eden's NFT marketplace goes live on Ethereum. Circle partners with PUBG developer for a gaming hub. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💰Ethena USDe's 27% Yield Sparks Debate
Wednesday, February 28, 2024
Crypto.com enters into a strategic partnership with BTG Pactual. Ethena USDe's promise of 27% yield following mainnet launch sparks debate. Arweave AO officially launches on public testnet. ͏ ͏
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