07 Feb 2023
Good news + Bad News = Flat weekGood news + Bad News = Flat week
- Another flat week in the market
- News induced volatility in the past week. FOMC sends markets higher, NFP sends prices south
- ETH OI on CME falling, while BTC OI on CME rises
For the second consecutive week, BTC has seen weekly returns of 0% as BTC remains in consolidation. Altcoins, in particular small caps, have seen more upside over the past week as the market rotates into risk, leading the BTC dominance to fall by 0.9%.