Crypto Weekly: Market Moves, Investor Trends & Top NFT Buzz

Dear Readers,

Bitcoin continued its upward momentum on Thursday, briefly surpassing the $108,000 mark amid easing geopolitical tensions and renewed signs of institutional interest. The world’s largest cryptocurrency reached an intraday high of $108,305 before settling at $107,972, marking a 1.28% gain. Ethereum also followed suit, rising 1.8% to $2,481. The overall cryptocurrency market reflected the positive sentiment, with total market capitalization climbing to $3.31 trillion, up 0.86% on the day.

Highlights Of The Week

• Citibank sued by a self-proclaimed crypto romance scam victim who alleges the bank overlooked red flags that enabled a $20 million fraud.

• Bit Digital shares dropped 4% after announcing plans to sell off Bitcoin mining assets to invest more heavily in Ether.

• Coinme fined $300,000 for breaching daily crypto ATM transaction limits in California.

• SoFi Technologies reenters crypto, resuming crypto trading and on-chain remittances after a previous market exit due to regulatory issues. 

• Kraken secures MiCA license, allowing the exchange to expand services across all EU member states.

• Barclays to block crypto purchases via Barclaycard credit cards starting Friday, citing cryptocurrency volatility concerns.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index holds steady at a neutral 50, inching up slightly from yesterday’s 48. Market sentiment is cautiously optimistic as the Israel-Iran ceasefire continues to support risk appetite. Bitcoin remains within its recent trading range despite growing institutional interest, with reports of several corporates acquiring BTC. Notably, U.S. mortgage giants Fannie Mae and Freddie Mac are exploring crypto as a potential asset class. However, this momentum has yet to translate into significant price movement.

ATH Coins

A cryptocurrency’s all-time high (ATH) represents a major achievement and often brings increased attention from investors. However, such peaks don’t eliminate the risks of market volatility. It’s crucial to conduct detailed research before putting money into coins that have recently hit their ATH. Below are some of the top cryptocurrencies that have reached new record highs.

Amnis Finance (AMI) has reached an all-time high (ATH) price of $0.1417 today. Currently trading at $0.1249 with a daily volume of $1.83 million, AMI serves as the governance token for Amnis, a decentralized autonomous organization (DAO) operating on the Aptos blockchain.

EURC (EURC) also hit a new ATH today, priced at $1.17. With a slight dip, the current trading price is $1.16, and it’s seeing robust daily volume at $32.46 million. EURC is a digital currency pegged to the euro, aiming to maintain a stable value equivalent to one euro.

Eurite (EURI) matched its ATH of $1.17 today and is currently holding steady at the same value. With a trading volume of $24.33 million, EURI continues to distinguish itself as a stablecoin designed to maintain a precise 1:1 peg with the Euro.

Shirushi Coin (SISC) reached an ATH of $0.8822 today and is trading just below that at $0.8819, with a daily volume of $138,180. SISC is the native token of Shirushi Inc., a Japanese tech firm involved in semiconductors, Web3 innovations, and IoT technology.

Lastly, STO Operating System (STOOS) also achieved its ATH today at $0.975, with a current trading price of $0.9737 and a volume of $300,564.68. STOOS is focused on creating the world’s first global decentralized market for tokenized investments.

Top Movers (24H)

With cryptocurrency gaining traction as a legitimate investment, even skeptics are beginning to embrace it by diversifying their portfolios with digital assets. Seasoned investors are doubling down, fueling significant price increases across several cryptocurrencies in the past 24 hours. Below is a snapshot of coins that have seen notable price surges recently.

One of the biggest gainers in the last 24 hours is DOSE (DOSE), which surged by 209.91% to a current price of $0.0001733, with trading volume reaching $1.32 million. DOSE is a fitness app that turns workouts into a game-like experience, offering users rewards and gamified features to make exercise more engaging.

Another standout is Pepes Dog (ZEUS), which jumped 44.5% to trade at $0.074579, with a volume of $2.31 million. ZEUS is inspired by Pepe the Dog, a lesser-known character from Matt Furie’s Boy’s Club comics, drawing on meme culture to build its appeal.

AI Companions (AIC) also saw notable gains, climbing 44.92% to a price of $0.1188 on $6.41 million in volume. $AIC is focused on creating next-generation digital relationships using cutting-edge technologies like AI, virtual reality (VR), augmented reality (AR), and blockchain.

Spectral (SPEC) rose 46.56% over the past day, now priced at $0.9217 with a trading volume of $13.07 million. Spectral is building infrastructure that links autonomous on-chain agents with the broader Web3 ecosystem, contributing to the evolution of blockchain intelligence.

Finally, Movement (MOVE) experienced a 30.98% uptick, reaching $0.1944 with a massive $513.71 million in trading volume. Movement Network is a modular blockchain platform that bridges the Move and EVM ecosystems, enabling developers to build secure and high-speed decentralized applications.

Non-Fungible Tokens – Developments

• Alchemy Pay partners with Xterio to enable fiat payments for NFT purchases on the Xterio marketplace. 

• Colle AI expands its NFT template system, offering faster and more flexible multichain asset customization with a broader range of pre-built templates.

• Sky Mavis unveils Jin’s Fortune Spin, a new NFT-based game of chance on the Ronin blockchain.

NFTs To Watch (24H)

Punkism has taken the spotlight with a 24-hour trading volume of 218.82 ETH. With an accessible floor price of just 0.0075 ETH and a notable 56.3% increase in floor value over the past day, this collection has generated significant buzz. Boasting 36,838 sales, Punkism stands out as a punk-inspired abstract digital art series created by Punkismer.

Deafbeef, the celebrated on-chain generative art project by Eric Hu (0xdeafbeef), has seen 77.11 ETH in 24-hour volume. With only 9 sales but a high floor price of 8.70 ETH and a 24.5% increase in value over the past day, Deafbeef continues to command attention. Entirely coded and rendered through Ethereum smart contracts, this collection represents one of the purest forms of blockchain-native digital art.

Moonbirds: Mythics also makes the list, recording 23.00 ETH in trading volume over the last 24 hours. The floor price has risen by 12.9% to 0.1573 ETH, with 145 sales during the same period. This 9,774-piece collection by PROOF_DEV debuted on Ethereum in July 2023 and continues to expand the Moonbirds universe with its rich lore and intricate artwork. 

Best Regards,
Crypto Recorder Team

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