In the crypto market report prepared by the ICRYPEX Research team and covering the week of December 25 – January 1, we have compiled the latest developments on crypto assets, price movements of crypto assets and macroeconomics.
You can take a look at the general flow of this report just below, and you can find all the developments that took place in the 7-day period in the Weekly Crypto Market Reports: December 25, 2023.
December 25th Weekly Crypto Market Report Overview
Crypto assets closed last week in positive territory following the anticipation of ETF approval that could come this week. The total market capitalization rose to $1.717 trillion.
This week, Bitcoin and Ethereum have been more prominent than altcoins. Since January 1, Bitcoin has risen by 8.50% and Ethereum by 6.40%. There is an increase in Bitcoin dominance as Bitcoin decouples from the market. 1.60% increase from January 1st
with an increase up to 52.29%. In Ethereum dominance, we are in a general decline and we are currently at 16.92%.
Since last week, we can see that the upward movement in AVAX and SOL has started again. The SOL is up 15% this week. AVAX, on the other hand, rose by 11.80%. In addition, ARB made an ATH and rose as high as $1.84.
ETF approvals expected this week with the effect it gives, we can see rises. In case of confirmation, increases between 5-10% can be seen, followed by retreats may occur.
For more comprehensive information on the week from December 25th to January 1st, check out the Weekly Crypto Market Reports: December 25, 2023.
