TL;DR

Markets:

• BTC is up & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is up

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

Airdrops:

• $CREO

• $TREES

• $BABYDOGE

• $AIDOGE

News:

• BlackRock Advocates 2% Bitcoin Allocation

• Russia Considers Strategic Bitcoin Reserve

• Eigen Foundation Supports Ethereum’s Protocol Guild

• Grayscale Expands with Lido and Optimism Funds

• Cosmos Acquires Skip for Growth

• SilentSwap Launches Privacy-Focused Cross-Chain Aggregator

• Early Bitcoin Investor Sentenced for Tax Evasion of $3.7M

• Japan Considers Strategic Bitcoin Reserve

  And much more!

BTC & ETH Market Update 📈

Crypto has been fluctuating this week, with BTC being up 0.1% and ETH down 3.7%:

Bitcoin dominance has increased over the week, starting from 52.0% to a high of 54.02% and ending at 52.9%. 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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