Recently, the cryptocurrency market has shown fluctuating trends, with increasing activity in the altcoin segment. In this overview, we analyze the main events and changes from the past week.
Overview of the Cryptocurrency Market
Bitcoin's dominance remains high at 63.4%, but several altcoins are beginning to decouple from the main narrative. For instance, coins like WalletConnect Token (WCT), Pocket Network (POKT), and Tellor (TRB) have shown significant weekly gains driven by exchange listings, network upgrades, and real-world demand.
Ethereum and Bitcoin: Current News and Forecasts
Ethereum is witnessing a surge in institutional interest, underscored by over $287 million in ETF inflows this week. The approval of Ethereum staking ETFs in the U.S. is solidifying its appeal as a yield-generating tool. Meanwhile, Bitcoin is experiencing a pivot as states like Texas push legislation to hold BTC in treasuries.
Altcoins on the Rise: WalletConnect, Livepeer, and More
WalletConnect Token (WCT) and Livepeer (LPT) have shown significant changes this week. WCT sharply declined after peaking at high values linked to an airdrop and integration with Solana. Livepeer, meanwhile, surged over 150% following its listing on Upbit, positioning it as one of the most closely watched assets in the market.
Current trends in the cryptocurrency market indicate mixed investor interest. While Bitcoin continues to attract attention, altcoins are starting to show significant activity, signaling a growing share of strategies centered on ecosystems and infrastructure.
