We have entered another weekend full of developments. The cryptocurrency space will witness a dynamic weekend full of significant events that will leave a lasting impact on the BTC and altcoin landscape. From the exciting addition of new cryptocurrencies to various exchanges to groundbreaking partnerships between industry giants, there’s plenty of innovation and collaboration ahead over the weekend. As we delve into the details of these crypto events that took place over the weekend, it becomes clear that the ecosystem is in a constant state of evolution. Here are the details…
There are critical developments for these altcoin projects
- Today, Injective (INJ) is launching “the first NFT collection that directly contributes to the first INJ burn auction.”
- Metatime Coin (MTC) is launching its mainnet today.
- Staking Summit 2023 ends today.
- Australian Crypto Convention starts today.
- The Gateway event ends today.
- DEXT Force Festival ends today.
- Altcoin Casper (CSPR) will hold a live broadcast today in terms of ecosystem connection.
- Thailand Blockchain Week started today.
- 1000x.GLOBAL will take place today.
- LORDS is concluding the BIP-19 vote today.
- 10SET is ending the minting process for collectible NFTs today.
- Wall Street Memes (WSM) is raising a recovery fund for the Discord hack.
- Kaspa will hold a question and answer session on X.
- Altcoin Agoric ends the voting process for its 61st proposal today.
- Wonderland event ends today.
- Bitgert will make a statement about the Explorer application.
- LABITCONF event ends tomorrow.
- Cosmos ecosystem meets in Bangkok tomorrow.
- Flare is holding FlareDrop.09 tomorrow.
- ApeSwap (BANANA) starts its ABOND transition tomorrow.
What is the latest situation in the market?
Meanwhile, the week we are about to leave behind was quite active in terms of BTC and altcoin projects. The week started on a negative note with BTC falling below $35,000 amid low trading volumes. However, things quickly recovered on Tuesday and the bulls sent the cryptocurrency soaring to almost $26,000. Although the asset initially failed to overcome this level and was pushed back to $35,200, it reversed its trajectory on Wednesday evening and Thursday. It saw a big rise on Thursday, reaching an 18-month high of $38,000. However, the bears have stalled the move at this point. Because it drove Bitcoin downwards sharply. As a result, within minutes, BTC found itself falling below $36,000.
Then the bulls managed to intervene once again and began to regain some of the lost ground. However, BTC failed to rally above $37,600 and is currently hovering around $37,000 after a sluggish 12 hours. Moreover, its market cap remains above $720 billion and its dominance over altcoins in CMC is close to 51.5%.
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