Crypto markets stole the spotlight this week, with the total market cap climbing 1.3% and Bitcoin dominance holding steady at 56.1%. Ethereum led the charge, surging 3.01% to 1651.79 USD, outpacing Bitcoin’s 1.55% gain to 62687 USD.
FX markets remained largely unchanged, with the USD/EUR exchange rate flat at 0.85911. The USD/GBP pair dipped slightly by 0.066%, while the USD/JPY pair edged up 0.038%. The lack of significant movement in FX markets allowed crypto assets to take center stage.
Crypto markets showed resilience, with Ethereum’s strong performance standing out. Bitcoin’s dominance remained unchanged, suggesting a stable distribution of market power between the two leading cryptocurrencies. As the week draws to a close, all eyes will be on whether this momentum can be sustained.
This content is informational and does not constitute financial advice.
