๐Weekly Market Highlights #115: September 9 - September 15
โจIn the second week of September, the cryptocurrency market saw a solid recovery in BTC prices, driven by buying power from BTC ETFs and large institutions.
โจOver the past week, the crypto market total capitalization increased by ~$107B (from ~$1956B to ~$2063B).
โจBTC Touched $60.5K
โ After last Fridayโs correction that drove BTC to $52,5K, BTC recovered some ground during the weekend but went on the offensive hard on Monday, soaring by four grand in 24 hours and briefly exceeding $58K. The mid-week price action was quite volatile, especially after the US CPI numbers came out on Wednesday, and BTC recorded several ups and downs.
โ However, the bulls took control of the market. They initiated another leg up on Friday, which resulted in BTC nearing $60K, and broke it in early Saturday.
โ This came after the trend change in the US spot Bitcoin ETFs, as they turned the tables around with over $400M in net outflows for the past week. Additionally, MicroStrategy announced another massive BTC purchase worth over $1.1B.
โจAlts See Green
โ Most altcoins have followed BTC on the way up. Most top altcoins have posted weekly gains at the time of writing, with KAS leading at 18%, followed by TON at 13% and BNB at 9%. DOGE, SOL, ADA, and AVAX have also seen 3% to 5% increases.
โ Meanwhile, APT, WIF, ARB, HNT, UNI, and XMR posted slight losses over the week.
โ Total 2 Index (Marketcap excluding BTC) is now at $845B
โจBitcoin Fear and Greed Index is 39 - Fear, higher than at the beginning of the week (27)
โจDominance:
โ BTC: 56.8%
โ ETH: 13.5%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
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โจIn the second week of September, the cryptocurrency market saw a solid recovery in BTC prices, driven by buying power from BTC ETFs and large institutions.
โจOver the past week, the crypto market total capitalization increased by ~$107B (from ~$1956B to ~$2063B).
โจBTC Touched $60.5K
โ After last Fridayโs correction that drove BTC to $52,5K, BTC recovered some ground during the weekend but went on the offensive hard on Monday, soaring by four grand in 24 hours and briefly exceeding $58K. The mid-week price action was quite volatile, especially after the US CPI numbers came out on Wednesday, and BTC recorded several ups and downs.
โ However, the bulls took control of the market. They initiated another leg up on Friday, which resulted in BTC nearing $60K, and broke it in early Saturday.
โ This came after the trend change in the US spot Bitcoin ETFs, as they turned the tables around with over $400M in net outflows for the past week. Additionally, MicroStrategy announced another massive BTC purchase worth over $1.1B.
โจAlts See Green
โ Most altcoins have followed BTC on the way up. Most top altcoins have posted weekly gains at the time of writing, with KAS leading at 18%, followed by TON at 13% and BNB at 9%. DOGE, SOL, ADA, and AVAX have also seen 3% to 5% increases.
โ Meanwhile, APT, WIF, ARB, HNT, UNI, and XMR posted slight losses over the week.
โ Total 2 Index (Marketcap excluding BTC) is now at $845B
โจBitcoin Fear and Greed Index is 39 - Fear, higher than at the beginning of the week (27)
โจDominance:
โ BTC: 56.8%
โ ETH: 13.5%
๐ฃSee you next week!
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๐Don't miss our AMA and get more information about STAYNEX IDO on BSCS on 20th Sep
๐ Speaker: ๐ฉ๐ป Ms. Myrtle Anne - CMO of Staynex
๐ Venue: BSCS Official [ENG]
๐ 5 Pre-AMA Questions (Send Here)
๐ 5 Live-Chat Questions
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๐ค We believe in the power of unity, just like the festivalโs symbolic full moon. As we work together to create a brighter future for blockchain and innovation, we cherish the strong bonds we've built with our incredible community, partners, and collaborators.
๐ On this special occasion, we wish you all happiness, prosperity, and success. May your journey be as bright as the moon and filled with endless opportunities!
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๐ Stake Here
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๐ค Weโre here to connect, collaborate, and explore the latest trends and breakthroughs in the industry.
๐ธ Stay tuned for updates as we share key moments, highlights, and exciting announcements from the event.
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๐ญ Take a look at our expected Staynex! You can see immense ๐๐๐ฑ-๐๐๐ฑ-๐๐๐๐ฑ gains very shortly. At which ROI do you think $STAY can reach?
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๐ฅ Top 1: 200,000 $STAY
๐ Top 2-6: 100,000 $STAY/each
๐ Top 7-10: 50,000 $STAY/each
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๐ฐExchange: Top 3 Exchange (weโll drop the name soon)
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๐ฐExchange: Top 3 Exchange (weโll drop the name soon)
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๐ This achievement shows our unwavering dedication to empowering innovative projects and delivering consistent value to our community.
๐ JOIN NOW ๐
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How do you think the Fed's recent reduction in interest rates for the first time in four years will impact the blockchain and crypto markets?
Anonymous Poll
71%
A - Positive Impact
0%
B - Negative Impact
10%
C - No Major Effect
3%
D - Volatility Spike
16%
E - Bullish for Top coins like BTC, ETH only
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We will use 15% of the monthly IDO fee to buy back and burn more $BSCS, helping reduce inflation and enhance the token value.
โ Detailed transaction: https://bscscan.com/tx/0xb6edfda2f93ebe9a871516355e9b715ea3c98006621b2b867c9044826ff94fb8
โ BSCS were burned via smart contract: 0x0000000000000000000000000000000000000000
โ Current Total Supply: 396,728,505 $BSCS
๐ Become a BSCS Holder
๐ Apply to Launch on BSCS
๐ Stay tuned! More good news is coming your way!
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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. IDO Project
II. Event and Highlight News
III. Education
IV. Under Development
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- Optimize and enhance the overall user experience
V. Communities
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๐Weekly Market Highlights #116: September 16 - September 22
โจThe FED's highly anticipated rate cut has revived global financial markets, boosting BTC and major altcoins this week as investor optimism returns.
โจOver the past week, the crypto market total capitalization increased by ~$152B (from ~$2063B to ~$2215B).
โจBTC Stalls at $63K
โ The week started with a price decline that drove BTC from over $60K to under $58K. Mid-week, more volatility was expected when the US Federal Reserve met to discuss lowering the interest rate. Once that meeting occurred and the US central bank cut the rates by 0.5%, BTC went on a rollercoaster with several big moves.
โ However, the bulls prevailed after the fluctuations, pushing the cryptocurrency from under $59,5K to over $64K registered on Friday. It became BTCโs highest price tag in over three weeks.
โ Nevertheless, the asset failed to maintain its run and retraced by just over a grand. Since then, it has been predominantly trading sideways at around $63K. Still, itโs up by 4.6% weekly, pushing its market capitalization to just over $1240B.
โจTop Gainers
โ The top performers from the larger-cap alts have soared by up to 45% in a week.
โ As noted earlier, the week has been positive for most crypto assets. ETH is up 7% and is now close to $2,7K. SOL has seen a similar increase, reaching $147. BNB is up 5.5%, trading above $585, SHIB has risen by 6%, and AVAX has gained nearly 10%, now trading above $27.
โ The top gainers among the larger-cap altcoins are TAO (+47%), SUI (+37%), and APT (+28%). TAO is now at $477, SUI is close to $1.5, and APT is trading at $7.85.
โ Total 2 Index (Marketcap excluding BTC) is now at $915B
โจBitcoin Fear and Greed Index is 50 - Neutral, higher than at the beginning of the week (39)
โจDominance:
โ BTC: 56.6%
โ ETH: 14.1%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจThe FED's highly anticipated rate cut has revived global financial markets, boosting BTC and major altcoins this week as investor optimism returns.
โจOver the past week, the crypto market total capitalization increased by ~$152B (from ~$2063B to ~$2215B).
โจBTC Stalls at $63K
โ The week started with a price decline that drove BTC from over $60K to under $58K. Mid-week, more volatility was expected when the US Federal Reserve met to discuss lowering the interest rate. Once that meeting occurred and the US central bank cut the rates by 0.5%, BTC went on a rollercoaster with several big moves.
โ However, the bulls prevailed after the fluctuations, pushing the cryptocurrency from under $59,5K to over $64K registered on Friday. It became BTCโs highest price tag in over three weeks.
โ Nevertheless, the asset failed to maintain its run and retraced by just over a grand. Since then, it has been predominantly trading sideways at around $63K. Still, itโs up by 4.6% weekly, pushing its market capitalization to just over $1240B.
โจTop Gainers
โ The top performers from the larger-cap alts have soared by up to 45% in a week.
โ As noted earlier, the week has been positive for most crypto assets. ETH is up 7% and is now close to $2,7K. SOL has seen a similar increase, reaching $147. BNB is up 5.5%, trading above $585, SHIB has risen by 6%, and AVAX has gained nearly 10%, now trading above $27.
โ The top gainers among the larger-cap altcoins are TAO (+47%), SUI (+37%), and APT (+28%). TAO is now at $477, SUI is close to $1.5, and APT is trading at $7.85.
โ Total 2 Index (Marketcap excluding BTC) is now at $915B
โจBitcoin Fear and Greed Index is 50 - Neutral, higher than at the beginning of the week (39)
โจDominance:
โ BTC: 56.6%
โ ETH: 14.1%
๐ฃSee you next week!
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