🔊Weekly Market Highlights #75: December 4 - December 10

✨Last week was explosive for the cryptocurrency market; BTC surpassed the $44K mark, and many top altcoins set new 18-month highs. The NFT market is also vibrant, led by Blur, accounting for 80% of trading volume, and El Salvador's Bitcoin investment has profited over $3.2M

✨Over the past week, the crypto market increased by ~$87B (from ~$1,495B to ~$1,582B) of its total capitalization.

✨BTC Remains Around $44K
✅Last Saturday, the primary cryptocurrency experienced a significant surge, surpassing $39K. Following a slower Sunday, the asset resumed its upward momentum on Monday, reaching over $42K after a substantial daily candle.

✅The bullish trend strengthened on Wednesday, with BTC reaching $44K for the first time since May 2022. After a minor pullback on Thursday, the cryptocurrency resumed its climb on Friday, reaching $44.7K and setting a new high for 2023. However, it has slightly receded since then and is currently hovering around $44K at the time of writing.

✅BTC's market capitalization is approaching $860B. Its dominance over altcoins experienced fluctuations this week, rising from 52% to over 53% within days but settling at 52.4%.

✨Alts With Massive Gains
✅The BTT token of BitTorrent, the file-sharing platform that TRON acquired in 2018, has seen incredible growth in the past 1 week, reaching 200 million users, and the price increased by ~280%, currently trading around ~ $0.14

✅AVAX, ADA, DOT, IMX, OP, and INJ are prominent growth names this week, with increases from 20% - 80%

✅ETH, BNB, XRP, LINK, and TRX are among the more modest gainers, with increases of up to 9% in the case of ETH.

✅BSCS is trading at $0,01758, +57,15% from its 7-day all-time low of $0,01119.

✨Bitcoin Fear and Greed Index is 73 - Greed, lower than at the beginning of the week (74)

✨Dominance:
✅BTC: 52.4%
✅ETH: 17.1%

📣See you next week 😎

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