Crypto Weekly (Nov 25 – Dec 01): BTC Sideways as Altcoins Take the Spotlight

Crypto Market Last Week

Over the past week, after BTC approached the $100,000 milestone, its price showed signs of cooling off and moved sideways, fluctuating between $90,600 and $98,000. Simultaneously, the BTC Dominance (BTC.D) index experienced a sharp decline, paving the way for capital to flow from BTC to altcoins.

The altcoin groups that benefited the most during this price surge were the “veteran” coins and platform-based coins.

Top 10 Gainers of the Week

Top 10 Losers of the Week

Notable News

• Pump.fun – The Memecoin Platform Turned “Darkweb” Blockchain
• Sui Will Launch BTC Staking Features Starting in December 2024
• Will Donald Trump Appoint Ripple’s CEO to a Crucial Role?
• Binance HODLer Airdrops Launches Thena (THE) and Lists It
• Justin Sun Joins WLFI as an Advisor
• Hong Kong Exempts Crypto Taxes, Following Donald Trump’s Lead
• BitWise Seeks to Launch Multi-Asset ETF for 10 Cryptocurrencies

Crypto Market This Week

Token Unlock Schedule

This week, the market will witness token unlocks worth a total of $574.8 million, including the following notable projects:

• $JTO: $496.71 million (+103.32%)
• $NEON: $21.15 million (+44.92%)
• $ADA: $19.44 million (+0.05%)
• $TAIKO: $17.47 million (+11.38%)
• $ENA: $9.17 million (+0.45%)
• $HFT: $3.11 million (+2.87%)

Macro News

Key Events in the Upcoming Week:

• December 5, 2024 (13:30): Initial Jobless Claims Report
• December 6, 2024 (13:30): Unemployment Rate and Nonfarm Payrolls Report