TL;DR

• BTC is up & ETH is up

• BTC underperformed ETH this week 

• Bitcoin dominance is up

• DOGE is down & SHIB is down

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

Latest & Greatest 📰

Before we dive into this week’s 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 up 1.2% and ETH up by 1.5%:

Bitcoin dominance increased over the week, starting at 60.67% and reaching a high of 61.02%, before settling at 60.91%. 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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