Crypto Weekly (26/02 – 03/03): BTC Continues Strong Surge

Summary of last week crypto market

Over the past week (February 26 – March 3), we continued to witness remarkable growth in Bitcoin, leading to a surge in the cryptocurrency market as a whole. At the beginning of the previous week, Bitcoin was still fluctuating in the range of 50,000 – 52,000, but by the end of last week, it had surged to the range of 63,000 – 64,000 (a growth of over 20%).

Ethereum (ETH) also experienced significant growth, driven by various factors such as market momentum and the upcoming Cancun update on March 13, 2024. With four strong bullish candles over four weeks, ETH is on the verge of reaching the 4,000 mark.

In addition to BTC and ETH, the past week also saw a strong comeback of meme coins.

Top 10 cryptocurrencies with the strongest growth in the past week within the top 100 market cap: WIF, PEPE, FLOKI, BONK, SHIB, AR, DOGE, BCH, JAMSMY, FTM.

Source: Coinmarketcap

Top 10 cryptocurrencies with the highest decrease in the past week within the top 100 market cap: BGB, FLR, WLD, STRK, SUI, BLUR, MNT, TIA, KAS. 

Source: Coinmarketcap

Important news of the past week:

• Senator Lummis Paves the Way for Bitcoin Mining Growth in the U.S
• Bitcoin Hits $60,000 Mark Driven By ETF Inflows
• SEC Appeals for Extension in XRP Lawsuit Remedies Briefing Schedule

Important News for This Week

There are some important news events scheduled for this week:

On Wednesday (March 6, 2024), at 1:15 PM, there will be news about the ADP Non-Farm Employment Change. If the actual figures are higher than forecasted, it is seen as positive for the USD and vice versa.

On Friday (March 8, 2024), at 1:30 PM, the US will release the Non-Farm Payrolls data. If the actual figures are higher than expected, it will be positive for the USD and vice versa.

AZC.News wishes you a successful investing week! Warm regards!