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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๐ The finish line is in sight! Donโt miss out on your chance to win in the BSCS x Staynex Airdrop Campaig!
๐ฅ Top 1: 200,000 $STAY
๐ Top 2-6: 100,000 $STAY/each
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๐ Top 2-6: 100,000 $STAY/each
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๐ Thanks for your enthusiasm and participation. Stay tuned for the final results!
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๐Don't miss our AMA and get more information about METAVIRUS IDO on BSCS on 30th Sep
๐ Speaker: ๐จ๐ปโ๐ฆฐ Mr. Zahid H - Head of Marketing of MetaVirus
๐ Venue: BSCS Official [ENG]
๐ 5 Pre-AMA Questions (Send Here)
๐ 5 Live-Chat Questions
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๐ป๐ณ POLKADOT VIETNAM HACKATHON 2024 is the biggest hackathon in 2024 sponsored by Polkadot with the bounty of up to 250 MILLION VND.
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โน๏ธ About Polkadot Vietnam Hackathon 2024
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MetaVirus - an automatic combat role-playing game that uses blockchain technology as the bottom layer of the economy
BSCS, Kucoin, Gate.io, HTX Ventures, Bitget, BTSE, BingX, Coinstore, NexGami, Ledger Capital, Tide, Metalpha, Polygon, Skyland Ventures, De Things, Kekkai, Dmail, Fundamental Labs, XT.com, IBC Group.
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๐ Stake Here
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Anonymous Poll
70%
A - Excited! Can't wait to see his next move
9%
B - Curious about the impact on top organizations in the industry
18%
C - Neutral, just watching how things unfold
3%
D - Concerned about potential market impact
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๐ญ Take a look at our expected MetaVirus! You can see immense ๐๐๐ฑ-๐๐๐ฑ-๐๐๐๐ฑ gains very shortly. At which ROI do you think $MVT can reach?
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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. New Partner
II. IDO Project
III. Event and Highlight News
IV. AMA
V. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
V. Communities
โข Telegram Channel: 87,145
โข Twitter: 413,959
โข Youtube: 18,400
โข Facebook: 11,547
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๐Weekly Market Highlights #117: September 23 - September 29
โจThe crypto market made a strong comeback in the last week of September, fueled by positive news following the Fed's interest rate cut. This reignited interest from prominent institutions in BTC through ETF products.
โจAdditionally, the crypto community celebrated the return of former Binance CEO Changpeng Zhao, who recently completed his prison sentence.
โจOver the past week, the crypto market total capitalization increased by ~$102B (from ~$2215B to ~$2317B).
โจBTC Touched $66.5K
โ Last weekend followed a similar pattern as BTC dropped from $64K to around $63K. However, it rebounded on Monday, surpassing $64.5K.
โ After a brief dip, BTC attempted to reclaim that level but was pushed back below $63K on Thursday. The bulls then took control, igniting a rally that sent BTC soaring to $66.5K by Friday morning, marking its highest level in nearly two months.
โ Since then, BTC has lost momentum, dipping to $66K yesterday and sliding another $500, despite solid inflows into spot Bitcoin ETFs in the US.
โจSHIB, PEPE Jump Again
โ The week belongs to the meme coins, especially the past few days. SHIB occasionally emerged as the top performer and has soared by another 50% in the past seven days. Moreover, the second-largest meme coin neared $0.000022 earlier Friday for the first time in over three months.
โ PEPE is another notable gainer, having surged by 6.5% since yesterday and 36% since last Saturday. Other reps of the meme coins niche with massive gains include WIF, BONK, and FLOKI.
โ This week, ETH, SOL, AVAX, XRP, NEAR, and SUI also experienced price increases.
โ Total 2 Index (Marketcap excluding BTC) is now at $955B
โจBitcoin Fear and Greed Index is 61 - Greed, higher than at the beginning of the week (50)
โจDominance:
โ BTC: 56.2%
โ ETH: 13.9%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจThe crypto market made a strong comeback in the last week of September, fueled by positive news following the Fed's interest rate cut. This reignited interest from prominent institutions in BTC through ETF products.
โจAdditionally, the crypto community celebrated the return of former Binance CEO Changpeng Zhao, who recently completed his prison sentence.
โจOver the past week, the crypto market total capitalization increased by ~$102B (from ~$2215B to ~$2317B).
โจBTC Touched $66.5K
โ Last weekend followed a similar pattern as BTC dropped from $64K to around $63K. However, it rebounded on Monday, surpassing $64.5K.
โ After a brief dip, BTC attempted to reclaim that level but was pushed back below $63K on Thursday. The bulls then took control, igniting a rally that sent BTC soaring to $66.5K by Friday morning, marking its highest level in nearly two months.
โ Since then, BTC has lost momentum, dipping to $66K yesterday and sliding another $500, despite solid inflows into spot Bitcoin ETFs in the US.
โจSHIB, PEPE Jump Again
โ The week belongs to the meme coins, especially the past few days. SHIB occasionally emerged as the top performer and has soared by another 50% in the past seven days. Moreover, the second-largest meme coin neared $0.000022 earlier Friday for the first time in over three months.
โ PEPE is another notable gainer, having surged by 6.5% since yesterday and 36% since last Saturday. Other reps of the meme coins niche with massive gains include WIF, BONK, and FLOKI.
โ This week, ETH, SOL, AVAX, XRP, NEAR, and SUI also experienced price increases.
โ Total 2 Index (Marketcap excluding BTC) is now at $955B
โจBitcoin Fear and Greed Index is 61 - Greed, higher than at the beginning of the week (50)
โจDominance:
โ BTC: 56.2%
โ ETH: 13.9%
๐ฃSee you next week!
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