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 $BERA

Airdrops:

• $PI

• $EveDex

• $BYBIT

• $SONY

News:

• Saylor Urges U.S. to Buy 20% of Bitcoin Supply

• Montana Advances Bitcoin Reserve Bill to House

• Franklin Templeton Launches Bitcoin-Ether Index ETF

• Vitalik Buterin Criticizes Crypto’s Gambling Shift

• ShadeX Introduces Encrypted Crypto Lending

• Saga Introduces Vault 2.0 for Liquidity Rewards

• Nigeria Slaps Binance with $81B Tax Fine

• Bybit Suffers Record $1.5B Hack

Memecoins:

• DOGE is down

• SHIB is down

• LIBRA Traders Suffer Massive Losses

• Dogecoin Eyes Rally Amid $5,000 Stimulus Check Talks

• Pump.fun Founder Urges Memecoin Safeguards

• Binance Founder CZ to Aid TST and BROCCOLI Victims

• Regulators Blamed for $4B LIBRA Memecoin Scandal

• Scammers Launch Fake Saudi Arabia Memecoin

And much more!

BTC, ETH, DOGE & SHIB Market Update 📈

Crypto is down this week, with BTC down by 1.1% and ETH down by 2.1%:

Bitcoin dominance has increased over the week, starting from 57.4% to a high of 58.25% and ending at 58.0%. 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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