TL;DR

Markets:

• 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

Airdrops:

• $gMON

• $SAPIEN

• $CROWDP

• $SERAPH

News:

• Congress Pushes 1M BTC Reserve

• REX Launches Bitcoin-Backed Convertible Bond ETF

• Deutsche Boerse to Launch BTC and ETH Custody

• Starknet to Unify Bitcoin and Ethereum

• Akash Network Completes Mainnet 13 Upgrade

• Injective Launches Onchain Tech Stock Index

• Ripple Secures Dubai License for Crypto Payments

• Russia Allows Limited Crypto Trading

Memecoins:

• DOGE is down

• SHIB is down

• Solana Revenue Drops 93% Due To Memecoin

• Trump Memecoin Generates $350M

• Solana ETF Prospects Grow

• NY Bill Targets Memecoin Fraud

• Coinbase to Halt Meme Coin Trading in New York

• Argentine Lawyer Seeks Interpol Warrant for LIBRA Creator

And much more!

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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