๐Weekly Market Highlights #101: June 3 - June 9
โจDespite a sharp correction on Friday, the crypto market had a stable first week of June 2024 overall. BTC prices maintained solid buying power from US BTC ETFs, setting an impressive record of 18 consecutive days of inflow.
โจOver the past week, the crypto market total capitalization increased by ~$9B (from ~$2,552B to ~$2,561B).
โจBTC Stalls at $69K
โ Perhaps BTCโs business week was quite optimistic because of the impressive spot ETF inflows. The asset entered Monday at around $67,5K but quickly climbed and jumped above $70K by the end of the day.
โ It first failed to conquer that level, but the bulls kept the pressure on, and BTC skyrocketed to $71,5K on Wednesday. Another leg-up followed on Friday, tapping $72K for the first time in over two weeks.
โ This is where the landscape changed for the worse. The bears intercepted the move and drove BTC south hard. In hours, the cryptocurrency had lost more than three grand and fell to $68,5K.
โ It bounced off on Saturday morning and rose above $69K. Since then, the price movements have been sluggish, and the asset has remained at around $69,3K.
โจAltcoins See Red
โ The weekly landscape is quite different for some. BNB, which marked a new all-time high above $715 earlier, is up by 12% and trades close to $680. TON is actually in the green (9%), while SHIB (-8%), DOGE (-8.5%), AVAX (-10%), LINK (-13%), and DOT (-10%), and NEAR (-11%) are deep in the red.
โ The biggest gainers in the past seven days are BRETT (60%), ORDI (22%), and STX (23%). In contrast, BEAM (-22%), TIA (-20%), and LDO (-20%) have lost the most value.
โจBitcoin Fear and Greed Index is 72 - Greed, lower than at the beginning of the week (73)
โจDominance:
โ BTC: 53.9%
โ ETH: 17.4%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
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โจDespite a sharp correction on Friday, the crypto market had a stable first week of June 2024 overall. BTC prices maintained solid buying power from US BTC ETFs, setting an impressive record of 18 consecutive days of inflow.
โจOver the past week, the crypto market total capitalization increased by ~$9B (from ~$2,552B to ~$2,561B).
โจBTC Stalls at $69K
โ Perhaps BTCโs business week was quite optimistic because of the impressive spot ETF inflows. The asset entered Monday at around $67,5K but quickly climbed and jumped above $70K by the end of the day.
โ It first failed to conquer that level, but the bulls kept the pressure on, and BTC skyrocketed to $71,5K on Wednesday. Another leg-up followed on Friday, tapping $72K for the first time in over two weeks.
โ This is where the landscape changed for the worse. The bears intercepted the move and drove BTC south hard. In hours, the cryptocurrency had lost more than three grand and fell to $68,5K.
โ It bounced off on Saturday morning and rose above $69K. Since then, the price movements have been sluggish, and the asset has remained at around $69,3K.
โจAltcoins See Red
โ The weekly landscape is quite different for some. BNB, which marked a new all-time high above $715 earlier, is up by 12% and trades close to $680. TON is actually in the green (9%), while SHIB (-8%), DOGE (-8.5%), AVAX (-10%), LINK (-13%), and DOT (-10%), and NEAR (-11%) are deep in the red.
โ The biggest gainers in the past seven days are BRETT (60%), ORDI (22%), and STX (23%). In contrast, BEAM (-22%), TIA (-20%), and LDO (-20%) have lost the most value.
โจBitcoin Fear and Greed Index is 72 - Greed, lower than at the beginning of the week (73)
โจDominance:
โ BTC: 53.9%
โ ETH: 17.4%
๐ฃSee you next week!
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. Event and Highlight News
II. Education
III. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
IV. Communities
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โก BSCS Communities: ๐ฌ๐ง|๐ป๐ณ|๐จ๐ณ|๐น๐ท|๐ง๐ท|๐ฐ๐ท|๐ฎ๐ฉ|๐ฎ๐ณ|๐ง๐ฉ|๐ซ๐ท
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Time: 9 AM June 4 - 9 AM Jun 18 (UTC)
๐ฅ Top 1: 30 USDT & 100 USDT IDO Slot
๐ Top 2: 20 USDT & 50 USDT IDO Slot
๐ GRAB YOUR CHANCE HERE ๐
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๐ Only 1 week left! Seize your chance to win amazing rewards! Join now!
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๐ Better than Yesterday #36: What is RWA? Part 2
In our latest article of Better than Yesterday, let's dive deep into the transformative power of RWAs and their role in decentralized finance. Here's what you need to know:
โน๏ธ Types of RWAs
๐ข Stablecoins
๐ข Real Estate
๐ข Commodities & Precious Metals
๐ข Art & Collectibles
๐ข Books & Music
๐ข Intellectual Property
๐ข Vehicles
๐ข Salaries & Invoices
๐ข Consumer Goods
โน๏ธ RWAs in DeFi
โ
Lending & Borrowing
โ
Index Funds
โ
Asset Management
โ
Less Risky Investments
โน๏ธ Navigating the Risks
โ Hard to manage the custody of physical assets
โ Must ensure smart contract security
โ Require good market liquidity
๐ RWAs are bridging the gap between traditional finance and the decentralized world, paving the way for a more inclusive and innovative financial ecosystem. Let's wait for its promising future development!
๐ฐ Detailed Article Here
โญ๏ธ BSCS Official Media Channels:
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In our latest article of Better than Yesterday, let's dive deep into the transformative power of RWAs and their role in decentralized finance. Here's what you need to know:
โ Hard to manage the custody of physical assets
โ Must ensure smart contract security
โ Require good market liquidity
๐ฐ Detailed Article Here
โญ๏ธ BSCS Official Media Channels:
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๐Don't miss our AMA and get more information about UDAO IDO on BSCS on 16th June
๐ Speaker: ๐จ๐ปโ๐ฆฐ Mr. Selim Kangeldi, CEO of UDAO
๐ Time: 9 AM June 14th (UTC)
๐ Venue: BSCS Official [ENG]
๐ Reward: 100 USDT
๐ 5 Pre-AMA Questions (Send Here)
๐ 5 Live-Chat Questions
โผ๏ธ Requirements for winners
โ๏ธ Join BSCS Media Official Channel
โ๏ธ Follow BSCS on X
โ๏ธ Join UDAO Telegram Group
โ๏ธ Follow UDAO on X
โ๏ธ Join UDAO Discord
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UDAO - the Web3 Platform for learning job-relevant skills and find work. It connects Learners, Instructors and organizations.
UDAO is a token that enhances users experience on the UDAO platform by:
BSCS, Crypto Valley, Coin Marketcap, Cointelegraph, Yahoo Finance, Eurac, Polygon, Digital Switzerland, Udemy, Gate.io,..
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๐ฅ Top 1: 30 USDT
๐ Top 2-3: 20 USDT
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Today zkSync Era joins our growing list of supported networks, including BSC, ETH, Aptos, AVAX, and more.
zkSync Era is a Layer 2 ZK rollup. It handles transactions off-chain to keep costs low and speed high. Everything is bundled into batches and proven on Ethereum, so you get top-notch security.
This makes zkSync Era an ideal choice for those seeking to leverage Ethereumโs security with enhanced performance and reduced costs.
๐ Ready to Invest? Become a BSCS Holder
๐ Launching a Project? Apply for Private Sale/Public Sale
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๐ Stake Here
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๐ฆ Total Supply: 1,000,000,000
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๐ญ Take a look at our expected UDAO! You can see immense ๐๐๐ฑ-๐๐๐ฑ-๐๐๐๐ฑ gains very shortly. At which ROI do you think $UDAO can reach?
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