Weekly Update

Today, we will analyze Bitcoin and Ethereum to provide you with actionable insights. Bitcoin made a new ATH and altcoins look primed to push higher after another leg down.

Don’t forget to register for a $10,000 Bybit trading competition.

Weekly Market Recap and Insights

Bitcoin hit a new ATH of $106,700! This is causing the Bitcoin dominance to start trending up again. Even though Bitcoin was pushing higher Ethereum remained pretty stagnant while most of the altcoins were selling off, especially after BTC put in a new ATH and started coming down again. Altcoins look primed to push higher after another leg down to liquidate longs.

Ripple’s new RLUSD stablecoin received approval from the New York financial regulators. Ripple CEO Brad Garlinghouse announced plans to launch RLUSD on major crypto exchanges. Experts believe this stablecoin could grow significantly, placing it in competition with other popular stablecoins like USDT and USDC.

Looking ahead to 2025, financial experts predict a significant rise in Bitcoin prices. Large investments from institutions, such as pensions and endowments, are expected to flood into Bitcoin. Everything points to an awesome bull run ahead of us and our traders will 100% be ready for it!

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Weekly Event

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