Premium Newsletter Week 39 2024

Keeping you updated on crypto, web3 and blockchain

TL;DR

Markets:

  • BTC is up & ETH is up

  • BTC under-performed ETH this week 

  • Bitcoin dominance is down

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

Airdrops:

  • $GOH

  • $DAPP

  • $SWTR

  • $MYSTRY

News:

  • PayPal Allows Businesses to Trade BTC & Crypto

  • BitcoinOS Introduces BitSNARK for Privacy

  • Visa to Pilot Tokenization on Ethereum

  • Vitalik Buterin Backs Celo's Stablecoin Growth

  • Celestia Foundation Secures $100M Funding

  • Hydro DAO Deployed on Neutron

  • Harris Mentions Crypto in Fundraiser

  • MicroStrategy's S&P 500 Dreams Delayed

    And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being up 4.4% and ETH up 5.3%:

Bitcoin dominance has decreased over the week, rising from 54.6% to a peak of 54.62% and ending at 53.84%. Bitcoin is down due to strong bullish momentum, altcoin performances, successful breakouts above key levels, negative market sentiment, and ongoing institutional interest.

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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