Weekly Market Review: BTC, CORE, BONK, AR, AGIX

bitcoin

This week has been quite volatile, as cryptos fluctuate due to interest rates and Bitcoin’s halving event. Approving the new spot Bitcoin ETFs in Hong Kong was another factor driving prices this week, not forgetting the Israel and Iran conflict.

Bitcoin Price Review Review

Bitcoin (BTC) has had a volatile week. The crypto king dropped below $63K before showing slight recoveries. As of press time, Bitcoin, trading at $65,356, had seen a 1.8% jump from its previous seven-day price, as its market cap stood at $1.28T during the same period.

Bitcoin’s short recovery from post gains over seven days can be attributed to its recent halving event. Though not directly seen, the effects of the after-halving may have started already, as the community expects a price increase in the crypto king concerning the reduced rewards. 

Core DAO Price Review

Core DAO (CORE) is this week’s top gainer, as seen from its price movements over the past seven days. As of press time, Core DAO, trading at $2.45, had seen an 80.8% dump from its previous seven-day price, as its market cap stood at $2.1B during the same period.

This week’s surge can be attributed to recent moves by the community, which might have stirred some enthusiasm among investors. Recently, the foundation announced that it had collaborated with DeFi Technologies Inc. and its subsidiary Valour to support CORE-yielding Bitcoin ETPs ahead of news of Non-Custodial BTC Staking.

Bonk Price Review

Bonk (BONK) is this week’s second top gainer as the meme coin managed some notable gains today. During writing, Bonk, trading at $0.00002145, had seen a 35% pump from its previous seven-day price, as its market cap stood at $1.3B during the same period.

Bonk’s surge this week can be attributed to recent efforts to engage the community, which might have also drawn some enthusiasm for the meme coin. Recently in Dubai, the Bonk community organized a drone show, an event that caught the eye of the crypto community, conversely pushing Bonk prices up.

Arweave Price Review

Arweave (AR) is another top gainer this week, and the altcoin also managed some notable gains in today’s session. During writing, Arweave, trading at $33.69, had seen a 29.8% pump from its previous seven-day price, as its market cap stood at $2.2B during the same period.

The pump in the altcoin can be attributed to recent rewarding initiatives by the token’s community, which could have also sparked some activity on the altcoin. On April 18th, the token’s community announced a $10,000 bounties program on X, an event that might have stirred some enthusiasm.

SingularityNET Price Review

SingularityNET is another gainer in today’s session, posting some remarkable gains. During writing, SingularityNET, trading at $1, had seen a 26.3% pump from its previous seven-day price, as its market cap stood at $1.2B during the same period.

SingularityNET’s pump can be attributed to its achievements this week, possibly placing the token as a hot pick. On April 19, the firm announced that they had received the best crypto AI Project award at the BlLife_Forum Awards 2024.

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