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- BTC Weekly Close Nears Record High
BTC Weekly Close Nears Record High
PLUS: Base L2 Passed OP
Blockstreet Journal
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Welcome, Crypto enthusiasts!
The weekly Bitcoin candle has closed near record highs signaling that the market could be ready to take BTC higher 🚀
In Today’s Blockstreet Journal:
BTC Closes Nears Record High
Base L2 Passed OP
Market Rundown
Top Gainers & Losers
Airdrops & More News
Latest News
BITCOIN
👀 BTC Closes Nears Record High
Word On The Street: The price action of Bitcoin (BTC) is a battleground between bulls and bears around the 2021 all-time high of $69,000.
The details:
Bitcoin experienced a relatively calm weekend after sudden macro-induced volatility at the end of last week's Wall Street trading session.
The U.S. is set to release significant inflation data this week, while the Federal Reserve holds its meeting to discuss interest rate changes.
Last week, U.S. employment data caused an immediate stir by vastly beating expectations, briefly sending BTC/USD down nearly 2%.
Why it matters: This flip indicates a re-accumulation range resembling a Bull Flag trend continuation pattern, suggesting a positive outlook despite the current sideways action.
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ALT COINS
👋 Base L2 Passed OP
Word On The Street: The total value locked on the Ethereum layer-2 network, Base, has exceeded $8 billion shortly after surpassing Optimism's OP Mainnet.
The details:
Base's TVL is $8.05 billion, comprising $2.14 billion of canonically bridged assets from Ethereum and $5.92 billion in minted assets.
Base reached the $1 billion TVL milestone on February 27, seven months after its launch in August 2023.
Since then, it has shown remarkable growth, increasing its TVL eightfold over the last 104 days.
Why it matters: Analysts at VanEck expect Ethereum layer-2 scaling networks to achieve a combined market cap of $1 trillion by 2023.
Market Rundown
Fear & Greed Index
The global crypto market cap is $2.54T, a 0.29% decrease over the last day.
The total crypto market volume over the last 24 hours is $56.03B, which makes a 13.63% increase. The total volume in DeFi is currently $5.42B, 9.67% of the total crypto market 24-hour volume. The volume of all stable coins is now $53.63B, which is 95.72% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 54.10%, an increase of 0.25% over the day.
Global Market Metrics
Current State of the Cryptocurrency Market:
- Total Market Cap: $2,544,225,419,127
- 24-Hour Trading Volume: $91,172,118,050
- Active Cryptocurrencies: 10,077
- Active Market Pairs: 82,976
- Active Exchanges: 780
Dominance:
- Bitcoin (BTC) Dominance: 54.10%
- Ethereum (ETH) Dominance: 17.45%
DeFi (Decentralized Finance):
- DeFi Market Cap: $87,940,144,130.67
- DeFi 24-Hour Volume: $5,425,210,389
Stablecoins:
- Stablecoin Market Cap: $155,386,421,340.42
- Stablecoin 24-Hour Volume: $53,632,866,001
- Stablecoin 24-Hour Volume Change: +10.45%
Derivatives:
- Derivatives 24-Hour Volume: $613,666,448,654
- Derivatives 24-Hour Volume Change: +0.68%
Top Gainers & Losers
🚀 Top Gainers
💩 Top Losers
Airdrops & More News
DAILY AIRDROP
📦️ Dunes Staking Airdrop
Dunes has confirmed that it will launch its token “DUNE” and has allocated an unspecified share of the total supply to reward early participants. They’ve launched a points program called “Spices.” Stake assets on Dunes to start earning Spices. You can also get more Spices by referring your friends. Spices will get converted to DUNE tokens after the token goes live.
Step-by-Step Guide:
Visit the Dunes dashboard.
Connect your Ethereum wallet.
Now stake assets such as wstETH, weETH, rsETH, ezETH, rswETH, and others.
You will start earning points in the form of “Spices”.
You will get an extra 5% extra Spices for using the above referral link to stake assets.
Also, get 15% of the Spices from each referral.
You will also earn Karak XPs for staking on Dunes
Dunes has confirmed that it will launch its token “DUNE” and has allocated an unspecified share of the total supply to reward early participants.
Users who collect Spices will get an airdrop of the DUNE token when the token goes live.
For more information regarding the points campaign, see this page.
Other News
South Korea labels mass-produced NFTs as virtual assets. NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023.
Defi Protocol UwU Lend Suffers $19.3M Exploit: Arkham. The protocol was set up by Quadriga CX co-founder "Sifu."
Orbit Chain hacker moves $48M to Tornado Cash after months of ‘silence’. The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1.
Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain. The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund with Onyx Digital Assets.
🫡 Thanks For Reading
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