As we enter the new week, the Bitcoin and altcoin world is preparing for a series of notable events that will shape the landscape of crypto assets. Tomorrow will be the beginning of a week full of expectations and potential market movements, where various crypto projects and developments will come to the fore. From anticipated product launches to major announcements, the crypto community is eagerly awaiting the impact these events could have on the ever-evolving Blockchain ecosystem. Join us as we examine the important events that will unfold on the first day of the week. Here are the details…
Tomorrow is critical for these altcoin projects
- Gains Network (GNS) continues its STIP Back-funding vote.
- Bitrue lists Pyth Network (PYTH) with USDT pair tomorrow at 17:00 ET.
- Gate.io lists Pyth Network (PYTH) with USDT pair tomorrow at 17:00 ET.
- KuCoin is also listing Pyth Network (PYTH) with USDT pair tomorrow at 17:00 ET.
- Nakamoto Games (NAKA) will implement Telegram integration tomorrow.
- Altcoin Baby Doge Coin (BABYDOGE) will hold a question and answer event with Dogs Rock.
- Iotex (IOTX) will hold a question and answer event on X tomorrow.
- BOB (BOB) will make the ZKBob Pool transition tomorrow.
- Blur (BLUR) announced that it will make an important announcement tomorrow.
- Saitama (SAITAMA) is launching the SaitaChain alpha testnet tomorrow.
- Horizen (ZEN) continues its ZenIP42206 vote.
- Marblex (MBX) is holding a question and answer event with MARBLERSHIP.
- Astro (ASTRO) closes its governance vote tomorrow.
- Conflux (CFX) will hold a question and answer event with Genify tomorrow.
- Altcoin Axelar, KNC and SUSHI will hold a joint question and answer event.
- Sidus (SIDUS) continues its token burning vote tomorrow.
- LORDS continues to vote on BIP-19.
- ASTRO continues its hub migration vote.
What is the latest situation in the market?
So, how did BTC and altcoin projects behave in the meantime? The middle of the business week has been quite volatile for the primary cryptocurrency. The bears remained in control until Wednesday, pushing the asset downwards hard, sending it to a weekly low of $35,000. However, this support level turned out to be too strong for them and BTC quickly reversed its trajectory. The bulls then stepped on the gas and drove Bitcoin up nearly three thousand dollars within hours. This then resulted in challenging the $38,000 level for the second time in a seven-day period.
However, as in the previous attempt, resistance could not be overcome and the subsequent rejection sent BTC down to $35,600 on Friday. Also, come the weekend, the asset had recovered somewhat and remained around $36,500 most of the time. The market cap has recovered somewhat and now stands at $715 billion. However, its dominance over altcoins has decreased by 0.3% since yesterday, falling below 51.5%.
