Last week’s crypto market prices were up +8.27%. Volume and volatility increased by +50.20% and +20.13%, respectively.
Chart of the Week
Bitcoin continues to extend its gains and last week crossed US$1 trillion in market cap, for the first time since 2021. With over US$1 trillion in market cap, Bitcoin makes it into the trillion dollar club within a list of the top ten US companies by market cap, joining the likes of Microsoft and Apple.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) rose by +7.1% and +14.1%, respectively, in the past seven days. Price action for other selected top-cap tokens was also mostly positive.
Selected key categories were all up in terms of market cap change in the past seven days, led by Artificial Intelligence.
News Highlights
Venture funding for crypto-related companies in the fourth quarter of 2023 reportedly totaled $1.9 billion, a 2.5% increase from the prior quarter. It marks the first time that venture investments in crypto startups have risen since the March quarter of 2022.
Spanish telecommunications company Telefonica announced a strategic alliance with Chainlink Labs to integrate real-world telecommunications capabilities into blockchain networks for improved security.
Research Roundup Newsletter [January 2024]: We present to you our latest issue of Research Roundup, featuring trending market insights in January, charts of the month, and our deep dive into the world of crypto ETFs.
Crypto ETFs: This report explores what crypto ETFs are, providing an overview of the current crypto ETF market and looking into how they work as investment vehicles. Plus, we explore their features, significance, advantages, and drawbacks.
What Is Bitcoin (BTC) Dominance?: In this beginner’s guide, learn the ins and outs of BTC dominance — what it means, and what happens when BTC dominance goes up or drops.
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Crypto Market Pulse Weekly – 🎉Bitcoin in Trillion Dollar Club
Bitcoin back above US$1 trillion in market cap. Citibank explores tokenisation of private equity funds. Venture funding for crypto firms totaled US$1.9B in Q4 2023.
