🌄Weekly Crypto Recap & Lesson🌅
🚨 Bitcoin (BTC): Price holds steady around ~$90,000 as the market takes a cautious approach, waiting for macro and regulatory cues, demonstrating that BTC tends to react more to macro sentiments than just crypto-related news.
🚨 Ethereum (ETH): ETH has had a substantial drop in the past week, trading around the $2,900-$3,000 levels as the markets correct, indicating that the underlying fundamentals of the network, including staking and DeFi, are strong even when prices are low.
🚨 BNB (Binance Coin): BNB had a mixed price performance this week, with news of large-scale ETF investment (such as Grayscale's filing for BNB Spot ETF) emphasizing that the demand in the ecosystem could be a catalyst for future investment.
🌍Lesson: The actions this week demonstrate that crypto markets are very much connected to macro and institutional narratives – Bitcoin is affected by market risk sentiment, Ethereum’s expansion is based on usage, and BNB is a function of ecosystem development.
🧠Let us know what you think 🤔. Please Comments ✍🗨️
#Bitcoin #Ethereum #BNB #BinanceSquare @Bitcoin @Ethereum Classic @BNB Chain
