weekly crypto market reports 29-01-2024

Weekly Crypto Market Reports: January 29, 2024

In the crypto market report prepared by the ICRYPEX Research team and covering the week of January 29 – February 5, we compiled the current developments regarding crypto assets, price movements of crypto assets and macroeconomy.

You can take a look at the general flow of this report below, and access all the developments that took place in the 7-day period at Weekly Crypto Market Reports: January 29, 2024 .

Overview of the January 29 Weekly Crypto Market Report

There was a generally positive outlook in crypto assets last week. The week started with an increase on the Bitcoin side, but a decrease was observed on Tuesday and Wednesday. We saw an increase until the close of the week due to the arrival of macro data.

While Bitcoin closed the week above a critical level of $ 42,500, there was also significant resistance in altcoins.
We see that the levels are broken. While the total cryptocurrency market value closed the week at 1.588 trillion, Bitcoin
Dominance closed at 52.58%. Ethereum Dominance closed the week with a decrease of 17.24%.

When we look at the inflows and outflows of digital assets, an outflow of $2.234 billion is seen in ETFs by Grayscale, while an inflow of $744.6 million is seen in iShares and $643.2 million in Fidelity. When we look at cryptos
There is an outflow of $478.9 million from Bitcoin and $38.8 million from Ethereum. When we look regionally, we see an outflow of 408.8 million dollars from America and approximately 100 million dollars from Europe.

Those who want to get more comprehensive information about the week covering January 29 – February 5 can review Weekly Crypto Market Reports: January 29, 2024 .

Risk Disclosure
Cryptocurrency assets have higher volatility compared to traditional financial instruments and involve various unique risks. There is no guarantee or commitment regarding the prices at which transactions will be executed. Therefore, before deciding to trade on ICRYPEX, you must fully understand, assess, and consider all potential risks you may encounter. The opinions, news, research, analyses, prices, or other information provided on ICRYPEX's official website, trading application, or social media platforms are general market commentary and do not constitute investment advice. ICRYPEX is not responsible for any losses incurred as a result of investments made based on such information.

What Is Optimism (OP)? The Layer 2 Solution Shaping Ethereum’s Future
In the crypto asset market, technical limitations such as scalability, transaction costs, and speed have become increasingly significant, especially on major networks like Ethereum. Among the solutions developed to address these issues, Layer 2 protocols stand out, with Optimism (OP) emerging as one of the most prominent. Designed to improve transaction throughput and enhance user experience without...
What Is Regression and Why Do We Hear It So Much? 
Most decisions, especially the important ones, rely on more than just gut feeling. When there’s data involved, and when there’s something to predict or explain, regression often sits at the center of the process. It’s not just a statistical method. It’s a way to understand how things connect and how changes in one area might influence another. In business, health, finance, or tech, regression is one...
How Oscillators Work in Trading?
Oscillators are everywhere in technical analysis, but they’re often misunderstood. Traders add them to charts expecting clear buy and sell signals, but like any tool, they only work well when you understand what they’re actually measuring and when they tend to be most useful. At their core, oscillators are momentum indicators. They give you a sense of how strong a price move is and whether that strength...
What Is an Oscillator and Why Do Traders Use It?
If you’ve ever looked at a trading chart and noticed an extra line moving up and down under the price, you were probably looking at an oscillator. It’s one of the most common tools used by traders, and for good reason. Oscillators help spot moments when a price move might be slowing down or about to reverse. In a fast or sideways market, they give extra insight that price charts alone can’t. Markets...
How to Use AI for Crypto Trading?
Crypto trading can feel like a full-time job even when it’s just a side hustle. The market never sleeps. Prices jump without warning. Sentiment changes faster than you can refresh a page. Many traders burn out trying to keep up with it all manually. That’s where artificial intelligence comes in. Not in a science fiction way, but in a real, practical sense. AI is already helping thousands of traders...


Create an account

Now create an account where you can use your knowledge.