TL;DR

• BTC is down & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is up

• DOGE is down & SHIB is down

• The hot coin we look at this week is $AKT

Latest & Greatest 📰

Before we dive into this weeks market update, make sure to check the latest and greatest news across crypto:

BTC, ETH, DOGE & SHIB Market Update 📈

Crypto is down this week, with BTC down by 2.9% and ETH down by 10.9%:

Bitcoin dominance has increased over the week, starting from 58.16% to a high of 59.11% and ending at 58.78%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.

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