To say that it\u2019s been a good week for the cryptocurrency market would likely be an understatement. The total capitalization is currently sitting at $2.45 trillion, which means that it\u2019s managed to add almost $250 billion since this time last week!<\/p>\n
Starting with the market mover \u2013 Bitcoin \u2013 it was able to chart an impressive performance and has been up by more than 11% in the past seven days. BTC has been trading above $68,000 for the first time since July, and it seems that it is attempting to break even higher.<\/p>\n
The rally started on Monday when the cryptocurrency soared above $64,000. From there, it was pretty much up only. BTC took over all the other important levels, such as $65,000 and $66,000, and it seems that the $69K is next. This one might be a bit tough, as it contains a junction of technical barriers, and if the bulls are able to break above it, it might open the door for a push to a new all-time high.<\/p>\n
Now, it\u2019s worth noting that BTC has managed to outperform the rest of the market, which is visible from its rising dominance \u2013 the metric traders use to gauge its share relative to that of the rest of the industry. According to some reports, it reached a whopping 59% this week.<\/p>\n
This can also be seen in the performance of the leading altcoins. ETH is up by less than 9%, while BNB charted gains of around 5.4%. SOL increased by 7.4%, XRP traded flat, and that\u2019s pretty much it.<\/p>\n
The standout performance this week, however, came from none other but the godfather of meme coins \u2013 Dogecoin. DOGE exploded by a whopping 25% during the last seven days, and it managed to break into the top 10, outperforming pretty much the entire list. Is a meme coin season brewing?<\/p>\n
Bitcoin\u2019s stellar performance also seems to have been backed by important fundamentals. Inflows in spot BTC ETFs in the United States topped $20 billion since inception \u2013 a massive milestone. To put things in perspective, it took gold ETFs around five years to reach the same milestone.<\/p>\n
That said, the market is currently very bullish and has even fallen into a state of greed. Traders are anticipating a full-blown Uptober, so the weeks ahead are likely to be exciting!<\/p>\n
Market Cap: $2.45T | 24H Vol: $105B | BTC Dominance: 55.5%<\/p>\n
BTC: $68,552 (+11.1%) | ETH: $2,641 (+8.6%) | BNB: $599 (+35.4%)<\/p>\n
<\/a>Source: Quantify Crypto<\/p>\n Bitcoin Devours Altcoins Hitting 59% Dominance as Whale Activity Surges.\u00a0<\/strong>Data shows that Bitcoin\u2019s dominance, the metric that gauges its share relative to that of the rest of the market, clocked<\/a> in at a whopping 59% this week. This means that BTC is quite literally eating away at altcoin\u2019s caps.<\/p>\n Crypto Thrives in War-Torn Ukraine and Sanctioned Russia: Chainalysis.\u00a0<\/strong>A recent report<\/a> by Chainalysis revealed that countries in Eastern Europe are seeing increased DeFi activity. This is primarily observed in Ukraine and Russia as the conflict between the two countries continues.<\/p>\n Ethereum Founder Vitalik Buterin Shares Future Objectives for \u2018The Surge.\u2019\u00a0<\/strong>The co-founder of Ethereum, Vitalik Buterin, shared<\/a> some future objectives for the current phase of the network\u2019s development called \u201cThe Surge.\u201d According to him, the goals are tailored to improve the protocol and work on its scaling through rollups.<\/p>\n SEC Provides Details With Last-Minute Appeal in Ripple (XRP) Ruling.\u00a0<\/strong>The case between Ripple and the United States Securities and Exchange Commission has reached an important stage. This week, the SEC clarified<\/a> that it is appealing the decision of the federal judge in its part, where it finds that XRP sold to retail investors on exchanges does not break securities laws.<\/p>\n Bitcoin ETFs Top $20B in Inflows, With $1.8B Added This Week.<\/strong> Spot Bitcoin exchange-traded funds in the US have recorded<\/a> over $20 billion in inflows since their approval earlier in the year. For comparison, it took gold five years to reach the same number.<\/p>\n Monochrome to Launch Australia\u2019s First Spot Ethereum ETF.\u00a0<\/strong>Monochrome Asset Management is preparing<\/a> to launch the first spot Ethereum ETF, in Australia. It will be using the Cboe exchange. This follow ETH\u2019s approval for ETFs in the US earlier this year.<\/p>\n This week, we have a chart analysis of Ethereum, Ripple, Solana, Dogecoin, and Sui \u2013 click here for the complete price analysis<\/a>.<\/p>\n The post Bitcoin Explodes Above $68K as Dogecoin Leads Altcoin Gains: This Week\u2019s Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" To say that it\u2019s been a good week for the cryptocurrency market would likely be an understatement. The total capitalization is currently sitting at $2.45 trillion, which means that it\u2019s managed to add almost $250 billion since this time last week! Starting with the market mover \u2013 Bitcoin \u2013 it was able to chart an […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14861","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14861"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14861"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14861\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}This Week\u2019s Crypto Headlines You Can\u2019t-Miss<\/h2>\n
Charts<\/h2>\n
![<\/a>Source: Quantify Crypto<\/p>\nThis Week\u2019s Crypto Headlines You Can\u2019t-Miss<\/h2>\nBitcoin Devours Altcoins Hitting 59% Dominance as Whale Activity Surges.\u00a0<\/strong>Data shows that Bitcoin\u2019s dominance, the metric that gauges its share relative to that of the rest of the market, clocked<\/a> in at a whopping 59% this week. This means that BTC is quite literally eating away at altcoin\u2019s caps.<\/p>\nCrypto Thrives in War-Torn Ukraine and Sanctioned Russia: Chainalysis.\u00a0<\/strong>A recent report<\/a> by Chainalysis revealed that countries in Eastern Europe are seeing increased DeFi activity. This is primarily observed in Ukraine and Russia as the conflict between the two countries continues.<\/p>\nEthereum Founder Vitalik Buterin Shares Future Objectives for \u2018The Surge.\u2019\u00a0<\/strong>The co-founder of Ethereum, Vitalik Buterin, shared<\/a> some future objectives for the current phase of the network\u2019s development called \u201cThe Surge.\u201d According to him, the goals are tailored to improve the protocol and work on its scaling through rollups.<\/p>\nSEC Provides Details With Last-Minute Appeal in Ripple (XRP) Ruling.\u00a0<\/strong>The case between Ripple and the United States Securities and Exchange Commission has reached an important stage. This week, the SEC clarified<\/a> that it is appealing the decision of the federal judge in its part, where it finds that XRP sold to retail investors on exchanges does not break securities laws.<\/p>\nBitcoin ETFs Top $20B in Inflows, With $1.8B Added This Week.<\/strong> Spot Bitcoin exchange-traded funds in the US have recorded<\/a> over $20 billion in inflows since their approval earlier in the year. For comparison, it took gold five years to reach the same number.<\/p>\nMonochrome to Launch Australia\u2019s First Spot Ethereum ETF.\u00a0<\/strong>Monochrome Asset Management is preparing<\/a> to launch the first spot Ethereum ETF, in Australia. It will be using the Cboe exchange. This follow ETH\u2019s approval for ETFs in the US earlier this year.<\/p>\nCharts<\/h2>\nThis week, we have a chart analysis of Ethereum, Ripple, Solana, Dogecoin, and Sui \u2013 click here for the complete price analysis<\/a>.<\/p>\nThe post Bitcoin Explodes Above $68K as Dogecoin Leads Altcoin Gains: This Week\u2019s Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"To say that it\u2019s been a good week for the cryptocurrency market would likely be an understatement. The total capitalization is currently sitting at $2.45 trillion, which means that it\u2019s managed to add almost $250 billion since this time last week! Starting with the market mover \u2013 Bitcoin \u2013 it was able to chart an […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14861","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14861"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14861"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14861\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-18-at-17.52.31.png\"){kind=link}