📈 Bitcoin is flat up 0.74% for the week, this has allowed alts to prosper. -but is now really a good time to invest 🤷♂️
🌝 Facebook’s rebranding sent metaverse tokens to the moon.
📈 Last week, Bitcoin opened at just above $60k and reversed the earlier local correction, gaining 3.6% in a day. Yet the rally was short-lived and by Wednesday, the price dipped to $58k, touching the 25-day moving average. That level proved to be solid support and the rest of the week the price traded in a relatively narrow range, closing just 0.74% up for the week.
🤖The relatively stable Bitcoin proved to be a boon for altcoins. BTC dominance dipped to 44% for the first time in nearly a month.📉📈🥳
Bottom line this means that alts outperformed BTC this week.