📈 Bitcoin dominance reached the highest level since April 2021; BRICS nations unveiled BRICS Pay
📈 Bitcoin dominance reached the highest level since April 2021; BRICS nations unveiled BRICS PayBitcoin dominance reached the highest level since April 2021; BRICS nations unveiled its new payment system, BRICS Pay; Stripe acquired stablecoin platform Bridge in a US$1.1 billion deal.Quick Take
Weekly Market IndexAll three indices were down last week. Price, volume, and volatility indices decreased by -2.26%, -3.18%, and -33.56%, respectively. Volatility drop was led by DOGE (-59.90%) and ETH (-44.92%). Chart of the WeekBitcoin dominance reached 58.1% on 27 October, the highest level since April 2021, according to data from Coinglass. Higher Bitcoin dominance often indicates that investors are favouring Bitcoin over altcoins. This coincided with ETH’s lacklustre performance against tokens like BTC and SOL. The ETH/BTC price ratio reached 0.038 on 18 September, the lowest since April 2021, while SOL/ETH hit a record high of around 0.0692 on 23 October. Weekly PerformanceBTC and ETH decreased by -1.5% and -9.4%, respectively, in the past seven days. Prices for all other selected top market capitalisation tokens decreased except SOL (+3.9%). The SOL/ETH price ratio hit a record high of 0.0692 on 23 October, which coincided with rising decentralise exchange (DEX) usage on Solana and meme coin activities. SUI (-20.9%) and LDO (-15.2%) led the decrease. Key categories all decreased in market capitalisation change in the past seven days. The NFT category led the drop. Notable Token UpdatesNewly Listed Tokens in the Crypto.com AppNews HighlightsInvestment Vehicles
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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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DeFi & L1L2 Weekly — 📈 DEX vs CEX spot trading volume ratio reaches its second highest level; Bittensor upgrade e…
Wednesday, October 23, 2024
DEX vs CEX volume ratio reaches its second-highest level. Bittensor upgrade enables Ethereum compatibility. World Network launches Layer-2 blockchain, World Chain. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 BTC futures open interest on crypto exchanges soars to a one-year high; Crypto.com launched the Funding Arbitra…
Monday, October 21, 2024
BTC futures open interest on exchanges soars to a one-year high; Crypto.com launched the Funding Arbitrage Bot on the Crypto.com Exchange; SEC approved the NYSE and CBOE's BTC ETF options listings.
📈 Solana dominates 2024 new token launches; Bahrain launched its first bitcoin investment fund for institutions i…
Sunday, October 20, 2024
Solana is dominating new token launches in 2024; the National Bank of Bahrain launched its first bitcoin investment fund; Stripe allows customers to pay US businesses in USDC ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 💸 14.6% of Polymarket wallets have profited; Uniswap Labs unveils its own Layer-2 network
Sunday, October 20, 2024
14.6% of Polymarket wallets have made profits. Uniswap Labs unveils its own Layer-2 network. Avalanche negotiates to repurchase 1.97 million AVAX from Terra's LFG. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 🎮 Ubisoft prepares to launch its blockchain game; Aptos and Google Cloud release…
Sunday, October 20, 2024
Ubisoft prepares its blockchain game launch. Aptos and Google Cloud release developer tool for Web3 gaming. Yuga Labs's 10KTF project was acquired by Possible Productions. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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