CoinSpotMarket Update
Winners & Losers From Most Volatile Week of 2024
3 minutes
a month ago
3 minutes
a month ago
Bitcoin dominance—which measures BTC’s market cap as a percentage of the combined market cap of all cryptocurrencies—hit 57% earlier this week, its highest level since March 2021.
Market sentiment has fallen to its lowest level (17) since July 2022 more than one year, as per the Fear & Greed Index, the industry’s most widely used sentiment metric.
The recently launched spot Ethereum ETFs have recorded two straight days of net inflows for the first time.
Interestingly, this has come at a time of sharp declines in ETH’s price and widespread uncertainty.
The SOL/ETH ratio, which measures the value of SOL relative to ETH, reached an all-time high of 0.0604 on Wednesday. Year to date, SOL’s price is up 51%, while ETH’s is up 11%.
