Crypto - Hail Mary Q4Will we go paroblic and peak-o-topo on Election Day? MethinksLongby mongo1337221
MARKETS week ahead: May 27 – June 2Last week in the news The most important weekly news comes from the crypto market, as the SEC approved ETH exchange traded funds. The price of both ETH and BTC experienced high volatility during the week, with BTC ending the week above the $69K. The pricing of the first Fed rate cut modestly impacted the 10Y Treasury yields, however the price of gold reacted with a stronger price reversal, closing the week at $2.333. There has also been some volatility in the S & P 500 index, which is ending the week flat, supported by tech companies. The US Secretary and Exchange Commission confirmed that it has approved exchange-traded funds which are holding Ethereum`s native token, ETH. This came as a surprise for markets, as there has been a lot of discussions regarding SEC`s potential decision on spot ETH ETF`s. Now the majority of analysts are questioning whether such a decision was influenced by politics or by several court rules, where SEC lost the case regarding its opinion on coins as securities. Whatever is the real reason, certainly ETH and the crypto market benefited from such a decision. Analysts from UBS have been actively researching and forecasting the price of gold lately. In their latest report, the largest Swiss bank reassessed its forecast for the price of this metal, raising it from $2.500 to $2.600 per ounce. Their reassessment came after the latest market pricing of Fed`s cuts in interest rates during the course of this year. Namely, they took into consideration that the market is currently pricing 40 bps cut in 2024, which was increased from 28 bps previously. As announced by the Russell 1000 Index, there is expectation for reassessment of the companies included in this index, where 38 new names will be included. Among names which are mentioned are Super Micro Computer, MicroStrategy and Carvana. Among all companies, the tech ones are dominant, including MicroStrategy which is investing specifically into BTC. Analysts from Goldman Sachs` prime brokerage noted in their report that hedge funds are selling US equities at rates which were prevalent in January this year. This represents a significant shift in the sentiment, considering that for the last five weeks net buying was dominant. As noted, this shift in sentiment is coming after indication that the Fed's rate might stay elevated for an extended period of time. Crypto market cap There has been another significant milestone reached for the crypto market during the previous week. Although the market was doubting the decision, still the US SEC finally approved exchange traded funds which hold Etherem`s native token, ETH. There should not be specifically noted how the market reacted to this news. As it came as a sort of surprise, the price of ETH went up shortly by more than 20%, and is still holding. Futures also reacted to this news, pushing the price of ETH to the level of more than $4K for the period till the end of the next year. Total market capitalization significantly gained during the week, with an inflow of $137B in funds, which increased its total market cap by 6% on a weekly basis. Daily trading volumes were increased to $126B on a daily basis, from $110B traded during the previous week. Total crypto market capitalization increase from the end of the previous year, currently stands at $861B, which represents a 53% surge from the beginning of this year. It should not be specifically mentioned that previous week was ETH`s week. The coin gained significant 20% during the week, on news of the approval of ETH ETF`s. Total funds inflow into this coin was more than $75B. Although BTC had a volatile week, still, the coin managed to gain around 3.4% on a weekly basis, adding GETTEX:44B to its market cap. There are few other coins with relatively good weekly performance. Binance coin added $3.5B to its cap, increasing it by 4.1%. DOGE was also traded on a positive side, with a gain of $2.6B or 11.7% w/w. This week Uniswap should be especially mentioned, as this coin managed to gain even 38% in value from the previous week. ZCash had also a good week with a surge in value of 14%. Algorand was up by more than 5%, OMG Network surged by 7.5%, while LINK was traded higher by 6.3%. Only a few coins ended the week with the losing track, like Tron, which lost 8% in value, while Cardano was down by 5%. There have been relatively minor changes with circulating coins. Tether continues to increase the number of its coins on the market, adding new 0.5% during the previous week. XRP also increased its coins by 0.3%. Traditionally, Filecoin is posting strong increases in coins week by week, adding 0.6% during the previous week. Maker added 0.2% of new coins. Majority of other coins added around 0.1% of new coins on the market. Crypto futures market Crypto futures market reacted positively to the news regarding the approval of the ETH exchange traded funds. The price of this coin was increased by 20% on a weekly basis and the futures market was following developments. Short term futures gained above 20%, while the longer term ones gained more than 28% within the week. ETH futures maturing in December this year reached the price of $3.962, and those maturing a year later were last traded at $4.146. BTC futures also followed positive market sentiment. Futures gained above 2.7% on a weekly basis for all maturities. In this sense, futures maturing in December 2024 closed the week at price $70.795, and those maturing a year later were last traded at $75.605. by XBTFX8
Crypto Market Cap Analysis: Overbought RSI and Potential PumpThe crypto total market cap has followed the potential pump I mentioned last week. So, what's next for TOTAL? From a technical analysis perspective, as we can see, the RSI is still in the overbought area, indicating a potential retest before continuing its pump. There is a big possibility that the pump will reach the greed zone area of 2.957 - 3.024T.by x_Akki0
🥇 BullRun will likely be completed in Q4 2024 - Q1 2025.History of previous seasons, after breaking the previous record peak, the time continued to extend: ------------------------- 2013 : 8 months 2017 : 8 months 2020 : 5 months 2024 : 5-8 months ------------------------- In 5-8 months from now, the new record peak could be in Q4 24 - Q1 25. The next 5-8 months will be the period taking profit 🚀Longby MarketIndexTrader1
Crypto market cup and handleThis massive cup and handle is similar to my Total3 chart, although this chart includes BTC and ETC. This more bullish chart has a projection to 4.3 Trillion dollars. I fully expect a raging pump over the next few months leading into elections. The upward pointing weekly stochastic RSI is optimistic, alongside riding the EMAs. A massive pivot in volume is also noted. -BTC new all-time-highs within two weeks -ETH projections towards 6500 in the coming months -My favorite alts I start to take profits since they run massively on ETH ETF approvalLongby Apollo_21mil2
Market Overview: TOTAL Market Cap AnalysisCurrent Situation: The total cryptocurrency market capitalization (TOTAL) has rallied over 11% this week, moving from $2.35 trillion to $2.6 trillion, where it faces resistance. Potential Scenarios: Consolidation and Retest: Scenario: The market could consolidate at $2.6 trillion before attempting to test $2.60 - $2.75 trillion again. Implication: Breaking this range could lead to a test of the 2021 all-time high at $3 trillion. Rejection and Pullback: Scenario: Rejection at current resistance might pull the market back to the $2.4 trillion support level. Strategic Considerations: Entry Strategy: Consider long positions if there's a breakout above $2.75 trillion with strong volume. Exit Strategy: Take partial profits at current resistance and re-enter if consolidation shows strength. Stop-Loss: Set stop-loss orders to manage risk, especially below $2.4 trillion support. Conclusion: The TOTAL rally is positive, but be prepared for potential consolidation or pullback. Monitor key levels to make informed trading decisions. #CryptoMarket #TOTAL #TechnicalAnalysisby Richtv_official1
The Unreleased Secrets of CRYPTO TOTAL MARKETCAPJust read the chart. We're going to squeeze in a bull flag above the rising channel or maybe drop under it. It's a good time to load in your shorts. Thank you for reading and following, as always. Best in all, dysonring2050Shortby dysonring2050112
Crypto Market Is Back In UptrendWe have been talking a lot about a corrective price action in the Crypto market for the last couple of weeks. We also shared a lot of free charts, articles and even video analysis, where we mentioned and highlighted a higher degree wave 4 correction within an ongoing five-wave bullish cycle. As you can see today, Crypto market is nicely extending higher as expected, but mostly due to Bitcoin and Ethereum as Ethereum is leading a rally in digital assets because of greater odds of ETH ETF approval. However, now that both of them have space for more gains, even some ALTcoins may follow soon, as Crypto total market cap chart can be now unfolding a new five-wave bullish cycle within higher degree wave (5).Longby ew-forecast3
"4-Hour Bearish ABCD Diamond Pattern within Wyckoff Accumulation Certainly, here's the revised version without the last paragraph: Dear Traders and Investors, I hope this message finds you well. I wanted to share some insightful observations regarding the current state of the cryptocurrency market that may be of interest to you. As we assess the market dynamics, it becomes apparent that a bearish ABCD diamond pattern is unfolding, characterized by notable imbalances at critical levels. Specifically, we're observing imbalances at 2.436 trillion, accompanied by significant levels at 2.253 trillion and 2.113 trillion below. Simultaneously, our analysis highlights the emergence of a Wyckoff Accumulation pattern, indicating informed accumulation by market participants. This pattern often precedes notable shifts in market sentiment. For those looking to refine their trading strategies, closely monitoring the yellow imbalance could provide valuable insights. A breach of this level could signal potential opportunities for short positions, enabling traders to capitalize on downside momentum.Shortby spikeroy123112
BEARISH SCENARIO FORMING?I believe 2.4T is a strong resistance level. If we fail to break above i think we could see a bearish summer. Which would correlate with past years. Peaks of April/May and markets don't wake up again until Thanksgiving - Christmas... What do you think?Shortby BagsInSight0
MARKETS week ahead: May 19 – 25Last week in the news A new week with new all time highs for S&P 500. Posted inflation figures in the US supported market optimism on Fed's rate cut in September, where the index was pushed to the higher grounds. S&P 500 reached the level of 5.325 on Thursday, still, ending the week at 5.303. The price of Gold was also supported by the expectations on the Fed's rate cut but also on expectations on China's significant stimulus for the boost of its economy. The price of gold reached the level of $2.420 on Fridays trading session, however, its ATH currently stands at $2.430. The USD lost some of its value during the week, while Treasury yields were traded in a mixed manner, with the 10Y benchmark ending the week at 4.42%. It was also a good week for the crypto market. Bitcoin managed to move away from $60K support, and in a swift move reached a level of $67.5K. The latest economic data in the US might provide some glimpse that the inflation is slowing down. The posted inflation rate was standing at 3.4% in April on a yearly basis, while core inflation eased to 3.6% in April from 3.8% in March y/y. However, markets are still digesting the latest inflation data with other economic data related to the US economy, especially data on jobs and consumer sentiment. The retail sales were at 0% on a monthly basis in April, which was significantly lower from 0.4% expected by the market. These data are showing that the economy is slightly losing ground as a consequence of high interest rates, and that the Fed will be forced to finally cut the rates during the course of this year. Current expectations, with odds of some 54% are that the first cut will be in September. Analysts from Morgan Stanley analyzed the potential number of Fed's rate cuts during this year. They are noting that current expectations and market pricing are favoring two rate cuts this year. However, in their opinion, this might be underestimated, as they are expecting three rate cuts. This opinion is supported by their estimation of disinflation which has started with April CPI data. The first rate cut, by their analysis, should occur in September, as June might be premature. While their US colleagues are focused on potential rate cuts, Swiss UBS is more focused on the price of gold. Analysts from the Swiss UBS bank warned their clients of a potential pull-back in the price of gold. This came in a note to investors. They are stating that the current macro uncertainty could bring some higher volatility to the price of gold, in which sense, they recommend hedging of investors positions. On the other hand, they have stated that they remain bullish on the long-run, with a current price target of $2.500 as of the end of this year. Crypto market cap The minute when some traders started with public complaints that the BTC market became “boring”, BTC decided to show that they are not right. During the previous week the crypto market returned to its old mood characterized with sudden and swift moves toward the one side. Although the majority of coins gained during the week, still, it was Bitcoin which moved the total crypto market capitalization to the upside. It has been increased by 8% on a weekly level, where a total $178B has been added to the value. Daily trading volumes were modestly decreased from the week before to the level of $115B on a daily basis, from $122B traded a week before. Total crypto market capitalization increase from the end of the previous year, currently stands at $724B, which represents a 44% surge from the beginning of this year. BTC was the coin which led the crypto market to the upside during the previous week. The coin gained more than 10% on a weekly basis, adding $120B to its total market value. ETH also performed relatively well, through an increase in its market cap of 7.1% w/w, increasing it by $25B. Significant weekly gainer was also Solana, which managed to add more than $12B to its value, increasing it by more than 19% w/w. Bitcoin Cash gained on the surge of BTC, whose market cap was increased by 11.5%. LINK should be also mentioned as a significant gainer, as this coin increased its value by 20.8% within a single week. Majority of other altcoins gained somewhere between 3% and 8% during the week. There have been only several weekly losers, like Tron, which dropped in value by 3%, Binance Coin lost $1.8B in value or 2%, while interestingly, Bitcoin Gold was down by 8%. There have been some developments when circulating coins are in question during the week. Tether managed to add 0.4% more coins to the market, increasing its total market value by this percentage. Miota increased its coins in circulation by 0.6% on a weekly level, while traditionally, Filecoin added 0.4% more coins to the market. One of the rare coins which decreased its number of coins on the market was XRP, whose number dropped by 0.1% w/w. Crypto futures market There have been some interesting developments on the crypto futures market during the previous week when it comes to ETH futures. Although short term futures were traded higher by 7.4% on a weekly basis, which was in line with the spot market, still, the long term ones were traded lower by more than 2% on a weekly basis. This was quite an interesting movement, considering that it implies that investors are currently not quite sure about the future price of ETH. Futures maturing in December this year were last traded at price $3.091, while those maturing a year later closed the week at $3.230. BTC futures were fully following investors' optimism from the spot market. Short term futures were traded above 10% higher, while those with longer maturities were last traded above 4% higher from the week before. Futures maturing in December this year closed the week at $71.705, while those maturing in December 2025 were last traded at $73.580. by XBTFX8
#TOTAL1 is testing the resistance zoneTotal #crypto including #btc #eth #sol #bnb #xrp #doge and all other #altcoins market cap is now testing the daily ichimoku cloud resistance zone. Daily stoch RSI is exhausted a bit. Declination or breakout will give great results while the direction will be determined.by naphyse0
Perhaps a crazy prediction, letts see how all finishesTotal marketcap must be in a 7-12T frame, knowing that corrections of 17-25% are regular in this bull run to expect, the real question is when the big crash will come from stocks and real state in the whole world, that will fall like never so ater a massive new bullrun its expected a global recessionLongby Phibonesratsen0
Crypto Market Cap 4hr Wykoff/Accumulation. "The current state of the crypto market cap appears to align with the Phase B of Wyckoff Accumulation. Traders should stay vigilant and prepare for potential market shifts based on this analysis." Look for Entries! Moon Phase in the background Longby spikeroy1230
Crypto Market InsightsExamining the broader crypto market, it's evident that we've hit the Wave 4 target zone on the Total Market Cap chart, reacting perfectly—a precise landing in this case. This suggests that, looking at the entire market as a unified entity, we should form new local highs and surpass Wave 3. When we look at other indicators, like the Ethereum to Bitcoin chart, we see that the price is falling, indicating Ethereum's strength relative to Bitcoin has been declining for some time. We're now at the lowest level in three years. This could soon reverse, potentially triggered by a trendline that has been touched twice since January 2020, indicating a possible turn. If Ethereum turns around, it would likely lead the Altcoins. During an Altcoin season, Ethereum usually pumps before other Altcoins follow. This means we need a bit more patience. Regarding Bitcoin dominance, we expect another rise to continue the four-month trend of higher highs and higher lows. This could lead to a subsequent drop in dominance, possibly placing us back in the current range. A falling Bitcoin dominance, combined with a rising Bitcoin price, would propel Altcoins, potentially coinciding with a turn in the Ethereum to Bitcoin chart. Several factors align favorably. We just need to stay patient, focused, and ready to seize opportunities.by stromm_by_wmc3
Cup And Handle - Keep calm for a big waveA cup and handle is formed on total crypto market cap. The next pump will complete the pattern and leading to the skyrocket wave. Let's DIAMOND HAND, hold Bitcoin, ETH, top coins for a big return. Ignore FUD as well . Happy Invest bros!Longby MarketIndexTrader6
Midsummer.Greetings. I have the following observation. In a lot of cases, if uptrend continues, the corner of green Kumo cloud is the point of an aggressive up bounce to continue the trend. Take a look at the area I've marked with a check mark. This is both a bounce off the trend and the corner of the cloud. Okay, now we're looking with our eyes where we have a similar situation. This is midsummer of this year. There's a cloud angle on the 5 day chart coinciding with the trend line and all this around 2 trillion in TOTAL capitalization. After which we should expect to see continued upside. IFTCCI indicates that the reset has begun, it's at the bottom. by averkie_skila0
MARKETS week ahead: May 13 – 19Last week in the news Previous week did not bring some currently significant economic news, however, the market volatility continued. Positive sentiment continues to hold for the US equity market, with S&P 500 heading toward the levels from April this year. The USD continues to modestly weaken, however, the price of gold picked up during the week, closing at $2.360. US Treasury yields were holding relatively steady, with the 10Y US benchmark ending the week at 4.5%. The crypto market continues to be traded with higher volatility, where BTC is ending the week by testing the $60K support. There has not been currently important economic news posted during the previous week, so the market attention was on the University of Michigan Survey of Consumers sentiment for May. The index dropped significantly to the level of 67.4 in May, from 77.2 posted for April, and also well below the market estimate. At the same time, inflation expectations rose to 3.5% for a one year period. Based on these readings, economists are noting a switch in the consumer sentiment in terms of increased fears of inflation, unemployment and interest rates which are all moving in an unfavourable direction in the future period, based on the survey. Such negative expectations might impact contraction in consumer spending in a future period, with final impact on the economic output in the US. The week ahead brings inflation data, which will be closely watched by markets. In support to the inflation fears, news is reporting that China's consumer prices rose for the third consecutive month in April. At the same time producer prices continued to decline, which was a signal for markets of improved domestic demand, especially in services. Analysts are noting that China`s central monetary authorities still have a job to do to boost the economy, so some further measures in terms of bank's reserve requirements and interest rates are probable in the future period. The UBS analysts investigated China`s underlying sentiment for gold purchase, and its potential impact on the price of this metal. They noted that Chinese investors are perceiving any dip in prices of gold as a good buying opportunity, with positive expectation over its medium and long term price. On the opposite side, UBS analysts are noting that the central bank of China slowed down with its purchases of gold in Q1 compared to the same period of last year. News are reporting that the first comprehensive regulatory regime for the U.S. crypto currency markets was approved by the House Rules Committee, and is set for a further vote in the House of Representatives. The act is called the Financial Innovation and Technology for the 21st Century Act, shortly FIT21, while its aim is to set clear rules for digital asset markets in the US, but also to support US in taking the leadership position in the world innovation hub. Crypto market cap Some traders are noting that the crypto market is currently in its “boring” phase. Indeed, in light of the first BTC ETF followed by BTC halving, the market was driven with a high dose of adrenaline in which sense, the current phase might seem to some as “boring”. But, for others, the calmer phase represents a good trading opportunity for steady profits. Anyway, it is evident that the crypto market exhausted some of the previous extreme moves, and the period of extreme profits is over, for the moment. For some time traders are extracting their funds from the crypto market in order to move them to other assets with a potential for higher profits within a short term. Total crypto market capitalization decreased during the previous week by 5%, where a total $109B was extracted from the market cap. Daily trading volumes continue to be steady, moving around $122B on a daily basis, which is a small drop from $130B traded a week before. Total crypto market capitalization increase from the end of the previous year, currently stands at $546B, which represents a 33% surge from the beginning of this year. During the previous week BTC was driving the total crypto market capitalization to the downside, where the coin lost around $63B in value, decreasing it by 5% on a weekly basis. Following BTC, the majority of altcoins finished the week in red. ETH was down by 7.7%, losing around $30B in the market value. XRP was another coin with a drop of $1.8B in the market cap, or 6.2%. This week DOGE and Solana followed the general market sentiment, where DOGE lost 12.5% in value, losing almost SEED_TVCODER77_ETHBTCDATA:3B in the market cap, while Solana dropped by 2%, losing $1.3B. Some of the highest decreases in market cap experienced Maker, which was down by 8%, IOTA dropped by 7.6%, Algorand was down by 7.5%, while NEO decreased its value by more than 10%. There were only a few gainers among altcoins, like Monero, which was up by 5% for the week, and Tron, which was up by 3% w/w. When it comes to coins in circulation, the highest weekly increase was, traditionally, Filecoin, whose number of coins on the market was up by 0.6%. Solana increased the number of its coins by 0.2%, the same as XRP. This week, Tether slowed down a bit, with an increase in circulating coins by a modest 0.1%. Crypto futures market The crypto futures were traded in a mixed manner during the previous week, however, they were just reflecting developments from the spot market. BTC short term futures ended the trading week around 4% lower from the week before. However, the long term ones were increased by more than 5% as of the end of the week. In this sense, futures maturing in December 2023 were last traded at price $65.795 on the CME, while those maturing a year later closed the week at $69.380. At the same time ETH futures were traded relatively flat for all maturities, except for the short once. In line with developments on the spot market, the short term ETH futures dropped by 7.5% on a weekly level. Futures maturing in December 2024 were traded relatively flat and finished the week at $3.167, while December 2025 ended the trading week at $3.271.by XBTFX10
UP ONLY - Don't be left behind.Imo, tough times are about to pass, and we will soon reap the rewards of our efforts. So don't be left behind. WAGMI my friends. Disclaimer: DYOR, NFA.Longby Tonyz2081
Total Market Cap is BEARISH for cryptoThe 2024 cycle may be over. Market can't break resistance from last cycle. Current indecision candle suggests total market cap doesn't flip resistance into support by end of June, this crypto cycle is likely over.by creditech220
This time will be different : the story of TOTAL cryptocapIt' not gonna be the same but it will be the same. A pretty self explanatory chart that goes well with Dominic Toretto's punch line in Tokyo Drift: "I got nothin' but TIME" Go have some fun and enjoy everything else in your life, because this is gonna take some time.Longby John-5MonitorsUpdated 559
MARKETS week ahead: May 6 – 12Last week in the news As it was expected, the Fed held interest rates without change at their FOMC meeting held on 1st May. Market nervousness prior to the meeting brought back some higher volatility. The USD modestly weakened, while gold ended the week testing $2.3K level. The US Treasury yields dropped after the FOMC meeting trading session and especially weaker than expected US jobs for April, reaching 4.5%. Weaker jobs data supported positive sentiment for the US equities, where S&P 500 was brought back to the level of 5.120. The crypto market had another highly volatile week, but still manages to end it with a little change from the week before. Bitcoin slipped to the $57K support, but dip buyers managed to return the price above the $63K during the weekend. The major event during the previous week was the FOMC Meeting, held on 1st May. The Fed's rate decision and a view on current economic developments was widely expected by the market, considering inflation in the US, which is picking up slowly. This was acknowledged by the Fed, as well as a still strong labour market. Still, they noticed that the economic activity expanded at a moderate pace in Q1. The Fed continues to hold on to their 2.0% inflation target, in which sense, the first rate cut might be, and most probably, will be postponed. At this moment, no one could provide information with high certainty whether there will be one rate cut during this year, but the markets are currently estimating September with a 54% probability, while the majority of market participants switched their view on December this year. While the US is delaying rate cuts, the market is expecting to see the ECB to cut interest rates at their June meeting. Economists are now discussing that such a course of action would weaken the euro which might put pressure on the growth of the Euro Area. At the same time, a small rate cut will most certainly not impact any significant credit demand, in which sense, it will not provide too much assistance to companies operating within the Euro Area. Another relevant news for the previous week was that the co-founder and ex-CEO of Binance crypto exchange was sentenced with four months in prison, after pleading guilty for money laundering at his crypto exchange. Although it was expected that he would get at least three years of prison sentence, the court took into account CZ`s deal with the U.S. government in November last year and a settlement of $4.3 billion. At the same time, experts are noting that his personal wealth, estimated at $33 billion, would not be affected by the court decision. There have been a lot of discussions during the previous period regarding the sale of investment units from the Grayscale Bitcoin Trust (GBTC) and its impact on the price of BTC. As news is reporting, Grayscale finally experienced the first total funds inflow, after quite a long time of funds outflow. As Farside Investors are reporting, there has been a total $63 million in inflows during Friday. As a reminder, Grayscale was the first BTC fund, but due to its high fees, the funds BTC holdings decreased from 600.000 down to 290.000 since the first BTC ETF was approved. Crypto market cap Market nervousness regarding Fed's next moves in light of inflation pick-up was also evident on the crypto market during the previous week. Namely, as frenzy over crypto ETF`s and BTC halving is over, the crypto market, and especially BTC, are returning to the general market sensitivity to macro developments. Right before the FOMC meeting, BTC reverted to the down side and reached levels below $57K within quite a short time. After the meeting Fed Chair Powell's speech brought back some investors into the crypto market, while weekend trading pushed the crypto market to levels above the end of the week before. Although it was extremely volatile week, still, total crypto market capitalization was increased by 1% from the end of the week before, where it has been added total $32B. Daily trading volumes were also increased to the level of $130B on a daily basis, from $104B traded a week before. Total crypto market capitalization increase from the end of the previous year, currently stands at $655B, which represents a 40% surge from the beginning of this year. The majority of altcoins were traded in a mixed manner during the previous week. During the week BTC was on a losing side, however, weekend trading brought back its market cap to the previous levels, and even increased it by 1.6%, adding total $ 20B to its total market value. On the opposite side Ether did not manage to regain previous strength, and ended the week around 1.4% lower from the week before, losing around $5.6B in value. This time major altcoins were among higher gainers. In this sense, Solana was leading the altcoin market with an increase in value of 7.3% w/w, adding total $4.5B to its market cap. DOGE was another altcoin with significant weekly performance, with an increase in value of 12.6% adding total $2.6B to its cap. This week XRP managed to add $1.17B to its value, increasing it by more than 4% w/w. Relatively solid weekly performers in relative terms had Bitcoin Gold, which increased its cap by 8.4%, Pokladot surged by 8.5%, Filecoin was up by almost 8%, while Polygon was up by 5.3%. Several coins were on a losing side, like NEO, with a decrease in value of 4%, Uniswap was down by 1.5%, while Litecoin was down by 2.5%. Developments within circulating coins relaxed a bit during the previous week. Ether decreased the number of its coins on the market by 1.6%, which is not so frequently seen. Miota had an increase in its coins in circulation by 0.6%, the same as traditionally, Filecoin. Tether increased its market cap and number of coins in circulation by 0.2% this week. Crypto futures market For another week in a row major developments on the crypto market were occurring during the weekend trading sessions, hence, futures from Friday`s trading on the CME are not fully reflecting the actual developments on the crypto spot market. In this sense, Monday trading sessions on the futures market might bring some corrections. BTC short term futures ended the week around 1.8% lower from the week before, while those maturing within a longer time frame, were last traded lower by more than 8%. Futures maturing in December this year reached the last price at $62.590, and those maturing a year later closed the week at price $67.250. ETH short term futures were last traded down by around 1% on average, while those with longer maturity were down by more than 5%. ETH futures maturing in December 2024 closed the week at $3.138, and those maturing in December 2025 were last traded at price $3.297. by XBTFX12