In the crypto market report prepared by the ICRYPEX Research team and covering the week of November 6-13, 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: November 6, 2023.
November 6 Weekly Crypto Market Report Overview
The story of the past week was BlackRock’s application for an Ethereum EFT. On the macroeconomic side, especially
While there was no significant development regarding the US, when we look at the communication carried out by the FOMC members, we can see that the next meeting will be held
that they will stick to the relevant data and will not hesitate to raise interest rates if necessary.
Turning to the crypto side, ETH reached 2100 levels with the significant rise we saw after the announcement of the Spot Ethereum ETF application. We see that ETH, which made some retracement afterwards, managed to stay above $ 2000.
Other coins that rose with the Ethereum rally also made significant breakthroughs. We saw that the coins in the top 20 in terms of market capitalization continued their positive movements with the rise of Ethereum. In particular, AVAX and SOL were the two projects that shone the brightest in the past week.
The possible approval of a Bitcoin ETF for crypto assets next week could have a significant impact on prices. On the macroeconomic side, we can say that this week will be full of very important data.
For a more comprehensive look at the week from November 6 to November 13, check out the Weekly Crypto Market Reports: November 6, 2023.