TL;DR

Markets:

• BTC is down & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is up

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

Airdrops:

• $GDP

• $LENS

• $KARIN

• $KANA

News:

• Bitcoin Reserve Act: A Game-Changer?

• BlackRock Sparks Debate Over Bitcoin's 21M Supply Cap

• Synthetix Launched Perpetual Trading on Base

• Ethereum Gas Limit Increase Proposal

• Injective Enhances Security with Hypernative

• Initia Mainnet Code Frozen, Events and Audits Underway

• Bitcoin Drops to $100K Amid Fed’s Hawkish Stance

• Binance Australia Sued Over Consumer Protection Violations

  And much more!

BTC & ETH Market Update 📈

Crypto is down this week, with BTC down by 4.6% and ETH down by 11.4%:

Bitcoin dominance has increased over the week, starting from 52.79% to a high of 56.04% and ending at 54.5%. 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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