WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 6.48% in the last week. Nasdaq bounced back from the support levels around 14,000 levels, an immediate resistance is expected at 15,300 level. 

The top gainers for the week were Moderna Inc, Sirius & Ansys gaining 9%, 6% and 5% respectively

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the GREED zone. Compared to last week, the Fear & Greed Index has increased from “68” to “74”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

The chart of the total number of Bitcoin addresses in the last 30 days is trending upwards and has reached 1.24 million active addresses on the Bitcoin blockchain network, the same growth is reflected in the Bitcoin price 

Bitcoin chart

$BTC gained by 1.41% in the last week. Currently the BTC co-relation is decoupled with NASDAQ, The immediate support is expected at $32,000 and resistance is expected at $38,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It gained by 3.90% against BTC in the last week and looks oversold. We did see a bounce back from the support levels around 0.050 as expected.

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

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